Edition:
United States

Auto, Truck & Motorcycle Parts

Page 1

Ling Yun Industrial Corp to merge Hunan-based auto industry tech unit

Tuesday, 6 Feb 2018 08:02am EST

Feb 6 (Reuters) - Ling Yun Industrial Corp Ltd <600480.SS> ::Says it plans to merge with its wholly owned Hunan-based auto industry tech subsidiary .The company will survive and unit will be dissolved after merger.It will set up new branch in Hunan instead .

Melrose Industries ‍Confirms Trading In 2017 Was In Line With Management Expectations​

Thursday, 1 Feb 2018 06:32am EST

Feb 1 (Reuters) - Melrose Industries Plc ::‍CONFIRMS TRADING IN 2017 WAS IN LINE WITH MANAGEMENT EXPECTATIONS​.‍NORTEK TRADING HAS BEEN TRANSFORMED MORE COMPREHENSIVELY AND FASTER THAN ENVISAGED AT TIME OF ACQUISITION​.‍NORTEK'S UNDERLYING OPERATING MARGIN IN 2017 INCREASED TO APPROXIMATELY 15%, AN INCREASE OF MORE THAN 5 PERCENTAGE POINTS​."NORTEK WILL ALSO BENEFIT FROM RECENT FAVOURABLE TAX CHANGES ANNOUNCED IN US"- CHAIRMAN.‍CARRYING VALUE OF BUSINESS HAS BEEN REDUCED TO £300 MILLION​.‍CASH COST OF BRUSH RESTRUCTURING ITEMS IS ESTIMATED TO BE £40 MILLION AND IS EXPECTED TO BE MATERIALLY COMPLETE BY END OF 2018.​.‍"BRUSH COMMENCED CONSULTATIONS WITH EMPLOYEES IN RELATION TO RESTRUCTURING ITS TURBOGENERATOR BUSINESS TO REFLECT REDUCED LEVELS OF ACTIVITY"​."WE ARE DOING ALL WE CAN TO SUPPORT THE BRUSH BUSINESS AND ITS MANAGEMENT TEAM IN TACKLING EXTREMELY ADVERSE MARKET CONDITIONS"- CHAIRMAN.‍NORTEK'S UNDERLYING OPERATING PROFITS AT CONSTANT CURRENCY ARE UP ABOUT 50% COMPARED TO LAST YEAR AND ABOUT 65% UP ON FULL YEAR​.‍"WORKING HARD ON OUR PROPOSAL TO MERGE BUSINESS AND SHAREHOLDER INTERESTS OF GKN WITH MELROSE​".

ZYNP to dissolve and liquidate Guangxi-based unit

Monday, 8 Jan 2018 10:40pm EST

Jan 9(Reuters) - ZYNP Corp <002448.SZ>:Says it plans to dissolve and liquidate a Guangxi-based wholly owned unit, which is mainly engaged in research and development, manufacture and distribution of internal combustion engine cylinder liners.

Jinxi Axle railway product unit merges with railway equipment unit

Wednesday, 3 Jan 2018 05:55am EST

Jan 3 (Reuters) - Jinxi Axle Co Ltd <600495.SS> ::Says its wholly owned Baotou-based railway product unit completed merger with its Baotou-based railway equipment unit.

China Shipbuilding Industry Group Power to transfer 100 pct stake in Zibo-based unit to Hebei-based unit

Tuesday, 2 Jan 2018 07:22am EST

Jan 2(Reuters) - China Shipbuilding Industry Group Power Co Ltd <600482.SS>:Says co plans to transfer 100 percent stake in co's Zibo-based lead storage battery unit to co's Hebei-based wholly owned lead storage battery unit, to avoid horizontal competition.

Magna International Realigns Management Structure Along Product Lines​

Tuesday, 19 Dec 2017 08:36am EST

Dec 19 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL INC - ‍ANNOUNCED A REALIGNMENT OF ITS MANAGEMENT STRUCTURE ALONG PRODUCT LINES​.MAGNA INTERNATIONAL INC - INTRODUCING NEW FINANCIAL REPORTING SEGMENTS BEGINNING IN 2018.

Shandong Meichen Ecology & Environment to transfer stake in two units to high polymer material technology unit

Tuesday, 19 Dec 2017 04:42am EST

Dec 19 (Reuters) - Shandong Meichen Ecology & Environment Co Ltd <300237.SZ> ::Says it plans to transfer 100 percent stake in two units to its wholly owned high polymer material technology unit.

Shandong Meichen Ecology & Environment to write off eco-development unit

Tuesday, 19 Dec 2017 04:13am EST

Dec 19 (Reuters) - Shandong Meichen Ecology & Environment Co Ltd <300237.SZ> ::Says it plans to write off its Beijing-based wholly owned Eco-Development subsidiary .

U-Shin to acquire automotive components firm from unit U-Shin Holdings Europe B.V.

Tuesday, 19 Dec 2017 01:27am EST

Dec 19(Reuters) - U-Shin Ltd <6985.T>:Says it plans to acquire all interest in a China-based automotive components firm from the company's unit U-Shin Holdings Europe B.V. .Transaction date on Dec. 31.

Hubei Radio & Television Information Network to merge with unit

Sunday, 10 Dec 2017 09:59pm EST

Dec 11(Reuters) - Hubei Radio & Television Information Network Co Ltd <000665.SZ>:Says it plans to merge with a wholly owned Wuhan-based investment unit .Says the unit will be dissolved after the merger .

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary