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Oerlikon receives cash call backing
The beleaguered Swiss engineering group says its main shareholder and bankers had agreed a recapitalisation to restore the company to a more stable financial footing
Brenntag listing raises €748m for BC Partners
Chemical distribution group becomes the second German company to complete an initial public offering in as many weeks, as its private equity owner BC Partners raises €748m from selling shares
Costs vibrate as VW accelerates
Volkswagen’s quest to overtake Japanese rival Toyota by 2018 threatens to exacerbate its high cost structure and to hamper profitability in the coming years, analysts and industry executives have warned
Saab’s special weapon in fighter jet sales
The Swedish group’s hopes for a multi-billion dollar Brazilian fighter jet order will test Saab’s ability to compete in the big league of defence contractors
BAE cuts links to former chairman
The UK defence contractor has severed ties with Sir Richard Evans, its former chairman and architect of the £43bn al-Yamamah deal to sell arms to Saudi Arabia
Union to cash in on Ford warrants
The United Auto Workers is selling warrants for Ford Motor shares on the open market on Tuesday in a sale expected to raise at least $1.3bn for a union-managed medical trust, the US carmaker said
Toyota to license hybrid system to Mazda
Toyota strikes a deal to license elements of its petrol-electric hybrid drive system to Mazda, the smaller Japanese carmaker and long-time affiliate of Ford
Building chief with measured ambitions
Since Ian Tyler took the reins of Balfour Beatty in 2005, the UK company has grown in market value by 50% and positioned itself among major international contractors
Geely seals deal to buy Volvo from Ford
Ford Motor signed a $1.8bn deal to sell its Volvo brand to Geely on Sunday in a move seen as emblematic of the shift in the global car industry’s centre of gravity from the US and western Europe to China
Premium car deal fills a hole at Geely
Successful cross-border vehicle company mergers can be counted on the fingers of one hand. When one famous car brand buys another – whether General Motors and Saab, Daimler and Chrysler, or Ford and Volvo – one of the most common by-products is buyer remorse
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