China To Relax Restrictions On Foreign Joint Venture Ownerships
China’s Ministry of Industry and Information Technology, in line with President Xi Jinping’s desire for opening the domestic economy to private and foreign investors, plans to relax restrictions on...
View ArticleDe Tomaso Under Chinese Ownership
After being purchased over a month ago, De Tomaso once again finds itself with a new owner. The once-storied Italian automaker is now in the hands of Consolidated Ideal TeamVenture, a consortium of...
View ArticleMahindra-Pininfarina Deal Rejected By Creditors
Mahindra’s attempt to buy Italian design firm Pininfarina collapsed over the weekend due to opposition by the latter’s creditors. According to Italian newspaper Il Messaggero, three or four banks...
View ArticleChinese Automakers Are Sweet and Sour on Fiat Chrysler Ownership
After a bombshell report stated multiple Chinese automakers are courting Fiat Chrysler Automobiles in the interests of a buyout, the country’s most well known manufacturer says it wasn’t the one making...
View ArticleIn Another Blow to National Pride, Britain’s Morgan Motor Company Bought by...
We’re a long way from the days when the United Kingdom not only hosted a slew of independent automakers, it owned some of them. For decades, brands fell away as most of the remaining automakers found...
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