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Yamaha Motor Co Ltd to Merge with Subsidiary

Friday, 28 Jun 2013 02:00am EDT

Yamaha Motor Co Ltd announced that it will merge with a Shizuoka-based wholly owned subsidiary, which has been engaged in manufacture and sale of manufacturing machinery for printed circuit boards and electronics products, as well as industrial robots and related machinery, effective October 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved.

EXOR SpA Approves Merger by Incorporation of Wholly-Owned Subsidiaries Exprivia Solutions SpA and Infaber Srl

Tuesday, 18 Jun 2013 11:33am EDT

EXOR SpA announced that the Board of Directors of the Company have approved on June 18, 2013 the project for the merger by incorporation of wholly-owned subsidiaries Exprivia Solutions SpA and Infaber Srl into the Company. The effects of the merger will occur as of January 1, 2013.

Gaz OAO Liquidates Representative Office in Hungary-SKRIN

Thursday, 30 May 2013 06:10am EDT

SKRIN reported that Gaz OAO has decided to liquidate its representative office in Hungary.

Yamaha Motor Co Ltd to Merge with Subsidiary

Wednesday, 29 May 2013 02:00am EDT

Yamaha Motor Co Ltd announced that it will merge with a wholly owned subsidiary, which has been engaged in sale of industrial unmanned helicopters, effective October 1, 2013. As a result, the Company will be the surviving company and the subsidiary will be dissolved.

Ford Motor Co To End Australia Auto Production-WSJ

Thursday, 23 May 2013 07:04am EDT

The Wall Street Journal reported that Ford Motor Co. would stop producing cars in Australia in three years. it would end more than 90 years of car production in Australia in October 2016, resulting in 1,200 job losses. It cited unsustainably high business costs, with wages singled out as a particular concern. The Company said the unit's losses over the past five years totaled 600 million australian dollars (USD581.1 million).

Peugeot SA To Shut Site Near Paris; Plans To Sell Building At Meudon; To Cut 8,000 Jobs-Reuters

Wednesday, 22 May 2013 12:46am EDT

Reuters reported that Peugeot SA plans to close a research and administrative site near Paris and transfer its 660 workers to other plants as part of the French carmaker's cost-cutting plans, according to an internal document. The group also plans to put the building at Meudon, on the outskirts of Paris, up for sale. The carmaker is cutting 8,000 jobs under a restructuring plan aimed at coping with a slump in auto demand in Europe.

Fiat Industrial SpA To Move Tax Residence To UK-Reuters

Tuesday, 21 May 2013 05:17am EDT

Reuters reported that Fiat Industrial SpA intends to move its tax residence to the United Kingdom from Italy after its upcoming merger with its CNH unit, according to a U.S. stock market listing filings. The move out of high tax Italy is likely to result in a lower tax burden for the new group. Fiat Industrial plans to merge with CNH and then fold both companies into a new group provisionally called FI CBM Holdings N.V. with a primary listing on the New York Stock Exchange. The group filed a preliminary prospectus on May 14, and expects the merger and listing to be completed in the third quarter of 2013.

Great Wall Motor Co Ltd to Merge with Subsidiaries

Friday, 10 May 2013 08:00pm EDT

Great Wall Motor Co Ltd announced that it plans to merge with its three wholly owned subsidiaries, a Baoding-based electronic appliance manufacturing company, a Baoding-based automobile part company and a Baoding-based automobile development company, effective May 31, 2013. After that, the three subsidiaries will be all dissolved.

Maruti Suzuki India Ltd Approves Amalgamation Of Wholly Owned Subsidiaries

Friday, 26 Apr 2013 03:48am EDT

Maruti Suzuki India Ltd announced that the Board of Directors at its meeting held on April 26, 2013 has approved the amalgamation of the following seven wholly owned subsidiaries of Maruti Suzuki India Ltd with and into the Company; Maruti Insurance Business Agency Limited; Maruti Insurance Agency Services Limited; Maruti Insurance Distribution Services Limited; Maruti Insurance Agency Logistics Limited; Maruti Insurance Agency Solutions Limited; Maruti Insurance Agency Network Limited; Maruti Insurance Broker Limited.

Maruti Suzuki India Ltd's Board To Discuss Merging Of Seven Subsidiaries With Itself-The Economic Times

Wednesday, 24 Apr 2013 08:31am EDT

The Economic Times reported that Maruti Suzuki India Ltd will consider amalgamation of the Company's seven wholly owned subsidiaries with itself at the upcoming Board meeting. In a filing to the BSE, the Company said the Board, in meeting scheduled to be held on April 26, 2013, shall consider the proposal of amalgamation. The seven wholly owned subsidiaries, which are engaged in different businesses are Maruti Insurance Business Agency, Maruti Insurance Agency Services, Maruti Insurance Distribution Services, Maruti Insurance Agency Logistics, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Broker.

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