China-based truck manufacturer Foton has launched its commercial vehicles under Zubair Automotive Group in Oman. The company will start the sale of the vehicles like the Tunland pick-up, the View C passenger van and the Aumark and Auman, ...
German carmaker Volkswagen has finalised the acquisition of remaining 50.1% share in sports car maker Porsche and to form an integrated automotive group by 1 August 2012. Porsche, which currently controls half of the business which is not ...
Tags: Volkswagen, Porsche, cooperation
US-based automotive retailer Penske Automotive has signed an agreement with car rental firm Hertz to join its franchising network. Under the agreement, Penske Automotive will buy the assets of Hertz's existing Memphis market, enabling the ...
Tags: Penske Automotive, car rental, franchising network, Hertz
Dollar Thrifty Automotive group, a car rental firm, has signed a multi-year vehicle supply agreement with Chrysler Group. Under the deal, Dollar Thrifty will source a portion of its annual vehicle purchases via Chrysler Group's 2015 ...
Tags: dollar thrifty, automotive group, chrysler group, vehicle
Car rental firm Hertz Global Holdings has agreed to acquire Dollar Thrifty Automotive Group for about $2.3bn. Dollar Thrifty Automotive is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990. Dollar and ...
Tags: hertz global holdings, dollar thrifty automotive group
Automotive retailer Penske Automotive has acquired California based Savage BMW/MINI dealerships for an undisclosed amount. The company said it expects the acquired dealerships to contribute about $125m in its annualised revenue. Penske ...
Tags: Penske Automotive, savage BMW/MINI, acquisition, savage dealerships
November 24, 2012 -- Since its introduction over a year ago, Hooman Nissan of Long Beach’s VIP Owner Loyalty Program continues to be an automotive industry leading offering. This highly acclaimed customer service program has ...
Car rental company Hertz has completed the acquisition of Dollar Thrifty Automotive Group (DTG), the holding company of Thrifty Car Rental and Dollar Rent A Car. In late August 2012, Hertz has agreed to acquire Dollar Thrifty for $87.50 ...
Tags: Hertz, acquisition, DTG
Kraft Foods has said the split of the company in two, creating a North American grocery company and a global snacks manufacturer, will take place in October. The establishment of US grocery business Kraft Foods Group and international ...
Tags: Kraft Foods, snack, food, split in two
Manufacturing probably picked up in the U. S. In March, showing it is weathering a slowdown in global growth, economists said before a report today. The Institute for Supply Management’s factory index climbed to 53 from 52.4 in ...
Tags: market view, economy
LSI Industries Inc. (Nasdaq:LYTS) today announced that it has entered into an agreement with Asbury Automotive Group Inc., the 6th largest automotive retailer in the country, to supply its LED site lighting in both new and existing ...
Tags: led light