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...To break that downward spiral, he announced plans to shift the group to a holding company structure under new chief executive and current head of automotive business Yuki Kusumi....
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...In announcing the shift to a holding company, Mr Tsuga resurrected car batteries as a “core” by rebranding it as an “energy business”....
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...Copper, who joins from RBC Capital Markets, will work with the industrials team, focusing on deals in the automotive sector....
...Even if no more investors came in, the groups would still be able to complete the acquisition, the people said; the risk is only that they would end up holding more of the business than planned....
...The two Japanese groups said they will co-invest in the Amsterdam-based Here through their newly established joint holding company in the Netherlands....
...It would open up new opportunities to sell to Altran’s clients in the aerospace, automotive, defence and energy sectors, among others....
...In April, Omron sold its automotive electronics business to Nidec for ¥100bn to focus on its healthcare and factory automation businesses....
...“The erosion in Ford’s performance has occurred during a period in which global automotive conditions have been fairly healthy,” Moody’s said....
...Executives with the German group touted the shift as part of its $13.3bn acquisition of US rival TRW Automotive in 2015....
...He accused Ayala Corp of evading taxes, and demanded a renegotiation of the two companies’ water contracts....
...Of course, sourcing parts from different companies is a mainstay of the global automotive industry....
...LG Electronics is investing in battery manufacturing in Halmahera, North Maluku province, and Hyundai Motor Corp plans to start the country’s first EV production line....
...BMW will pay €3.6bn to increase its stake in a Chinese joint venture to 75 per cent by 2022, following Beijing’s relaxation of investment restrictions in the automotive sector, which will hand foreign companies...
...With journalists gathered in the rain outside the Amsterdam headquarters of the alliance, the automotive companies tried to reassure investors in a statement, saying their three boards “have all — individually...
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