Mergers are nothing new in the car industry. General Motors, long the foremost manufacturer in terms of production figures, came into existence in 1908 as a result of the merger of several companies, including Buick, Oldsmobile, Cadillac and Oakland ...
Mergers are nothing new in the car industry. General Motors, long the foremost manufacturer in terms of production figures, came into existence in 1908 as a result of the merger of several companies, including Buick, Oldsmobile, Cadillac and Oakland (later Pontiac)
In the recent past, however, we have witnessed a spate of mergers and takeovers on a global scale. This was clearly induced by spiralling manufacturing costs squeezing the smaller go-it-alone companies, and fierce competition from manufacturers in the Far East. It resulted in some strange corporate buddies meeting across the boardroom table, as illustrated by the following examples.
The Stellantis corporation was formed in January 2021 as a result of a purported 50-50 merger between Fiat-Chrysler, the Italian-American conglomerate, and the French Peugeot group which included Citroën ever since the latter company was taken over by Peugeot in 1975. Stellantis, headquartered in Amsterdam, is the sixth-largest automaker worldwide, following behind Volkswagen, Toyota, Renault-Nissan-Mitsubishi, General Motors and Hyundai.Read more: Times LIVE »
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OPINION | BLSA cannot be let off the moral hook just because Bain resignedIt boggles the mind why BLSA didn’t simply kick Bain out, Eusebius McKaiser writes. SundayTimesZA please see how your sister news provider correctly quoted from an opinion piece, not that Naledi mess you tweeted. Eusebius Bizarre. They seemed to have proxies who supported them. Bain does a lot of work for big corporates. Maybe some ceos are scared they will be showed up as incompetent without Bain holding their hand in business.
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Canada approves Pfizer’s Covid-19 pill but global shortages impede supplyAnti-viral pill Paxlovid approval comes amid rising infections due the Omicron variant
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