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Melrose to spin off auto enterprise in GKN break-up

Melrose Industries plans to spin off the GKN automotive division as a brand new UK-listed firm in a transfer that can crystallise the break-up of one in all Britain’s oldest engineering companies. The FTSE 100 turnround specialist, which acquired the…

Settlement with German automakers ‘unprecedented’ for Canada, says auto business insider

Memorandums of understanding the federal authorities signed with two of Europe’s largest automakers are unprecedented, in response to the president of Canada’s Automotive Components Producers’ Affiliation. On Tuesday the federal authorities introduced it reached agreements with Volkswagen and Mercedes-Benz that…