Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[Read More…]
Visteon Corporation today announced an agreement to divest the majority of its global automotive interiors business to an affiliate of Cerberus Capital Management, L.P. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed by Dec. 31, 2014. Visteon also announced it has completed a previously announced agreement to sell its 50 percent ownership[Read More…]
International Tractors Ltd, part of the Rs 5,000 crore Sonalika Group recently announced its partnership with L&T Finance (LTF) for tractor financing. The partnership aims at providing easy credit and financing benefits to Sonalika’s customers across the country. Marked with competitive interest rates, customised repayment options and additional benefits for farmers, the association will be a boon for prospective Sonalika[Read More…]
