PSA Peugeot Citroen’s deal to sell stakes to France and Dongfeng Motor Corp. may end up trading a cash influx for a shareholder structure that threatens to hobble the manufacturer’s decision-making, analysts said.
Chinese brands will be “killed in the cradle” if the government allows foreign automakers to become more independent from their domestic partners in the world’s biggest car market, the country’s main auto group said.
Tata Motors Ltd., India’s biggest automaker, posted profit that beat analyst estimates as sales at its Jaguar Land Rover unit jumped, even as executives predicted a slump for trucks and cars at home. The shares climbed.
Andreas Renschler, Mercedes-Benz operations chief and candidate to become parent Daimler AG’s chief executive officer, quit suddenly, one year after swapping jobs with the other leading contender to succeed Dieter Zetsche.
Great Wall Motor Co.’s billionaire Chairman Wei Jianjun pushed back deliveries of the company’s most expensive SUV after the automotive press panned the Haval H8 in test drives. It turned out to be a $2.4 billion decision.
Great Wall Motor Co., China’s biggest sport utility vehicle maker, fell the most in more than five years in Hong Kong trading after the company pushed back the debut of its Haval H8 to fix technical deficiencies.
Fiat SpA secured full ownership of Chrysler Group LLC in a $4.35 billion agreement that will conserve the Italian company’s cash while creating a global carmaker with better scale to take on General Motors Co.
Sergio Marchionne’s five-year effort to merge Fiat SpA and Chrysler Group LLC culminated in a Florida beach town, where the workaholic chief executive officer spent hours nailing a deal that was announced New Year’s Day.