Hints and tips:
...Sales per dealership at US peers Penske Automotive and Lithia Motors are double and almost treble respectively that of Lookers....
...You know, in the 1960s, when we started having things like seat belts and cars, we got that from Unsafe at Any Speed, a book, because we had 60 years of automotive engineers, you know, we had 100,000 automotive...
...The group exerts pressure on those that fall behind....
...Agricultural supplies group Wynnstay said its chairman of eight years Jim McCarthy is stepping down....
...Moreover, the company is incorporated as a partnership limited by shares, which gives non-family investors less control....
...Other areas, like aviation and automotives, still need more work....
...The division is margin dilutive to the Group at a c.13% operating margin (Group c.18-19%)....
...“Umbilical cords” from the power unit then feed the car’s electrical systems, with power management discreetly incorporated into the dashboard....
...Optical products company II-VI Incorporated announced on Friday it planned to acquire Finisar, a maker of specialised laser scanners that drew $390m in investment from technology group Apple last year....
...group....
...According to Melrose, these were higher than the deal fees previously announced by GKN and did not include the break fee due on the aborted sale of the Driveline automotive division to Dana Incorporated...
...DD has confirmed a story that first appeared in the New York Post on Wednesday that the PIF has invested $200m into Penske Media Group, which owns trade publications in the US such as Variety and Women’s...
...OK, well, sort of preserve: GKN was set to break up the company by merging its automotive division with US-based Dana Incorporated....
...First, suitor Melrose Industries unveiled its 'final' offer, which valued the target at £8.1bn, and criticised a proposed combination of GKN's automotive business with US-based Dana Incorporated....
...The UK-based engineering group is in talks to sell its automotive division, a huge part of its business, to US rival Dana Incorporated. Full story here....
...Its industrial tyre assets have been taken out of the group and incorporated in ChemChina’s Shanghai industrial business, leaving its higher margin consumer tyres business....
...Telit has now issued a statement acknowledging “recent press coverage” about the potential sale of its automotive business....
...Marcus Stuttard, head of Aim & UK primary markets at the London Stock Exchange Group observes that “UK incorporated Aim companies alone are providing a direct £15bn annual contribution to GDP and approximately...
...One group of engineers is said to be advocating for a pair of glasses that have 3D cameras but no screens, leaving the iPhone as the hub and main display....
...Core elements of the group have already moved to different locations, for different reasons: Fiat Chrysler itself is legally incorporated in the Netherlands and has fiscal residence in the UK, for instance...
...VocalIQ’s team is expected to stay in Cambridge rather than moving to the US group’s headquarters in Cupertino, California....
...Mr Penske, the son of automotive, transportation and car racing magnate Roger Penske, is rapidly becoming a player in the publishing world as the industry grapples with the shift to a digital business model...
...The automotive industry, remains the biggest user, though the geographical balance is shifting from Europe and North America to Asia....
...This would . . . be a show-stopper,” says Rainer Mehl, head of automotive at NTT Data, the IT services group. “It has the potential to halt innovation.”...
...Car sales figures for October appeared to have been affected, and Penske Automotive Group said on Friday it had lost at least three or four days of business from its operations in the north-east....
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