China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned merger with Fiat Chrysler (FCA). Dongfeng has a 12.2% equity stake in the French carmaker, and would have about half of that in the combined entity formed by FCA and PSA, which announced in October a tie-up to create the world's fourth-biggest automaker. A smaller Dongfeng holding would likely help get the deal past U.S. regulators amid trade tensions between Washington and Beijing, an issue which has raised questions about the Chinese firm's next move since the PSA-FCA merger was announced. Dongfeng, a long-standing partner of PSA, had sent banks a request for proposals to explore options for the stake several weeks ago, according to the sources. The company is now aiming to present its board of directors a share sale plan in the coming days, one of them added. PSA declined to comment while … [Read more...] about China’s Dongfeng Plans Partial Sale Of PSA Stake: Report
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Lawrence Stroll is reportedly keen on buying into the carmaker. Aston Martin could be about to change hands, with Canadian billionaire Lawrence Stroll the reported suitor according to Autocar and RaceFans. Stroll, a fashion magnate, led a consortium that purchased the embattled Force India Formula 1 team last year and is reportedly set to lead a consortium that could buy into the British carmaker too.Aston Martin is currently owned by a number of different parties – The Kuwait-based Adeem/Primewagon shareholding group owns a 36 percent stake, Morgan shareholder InvestIndustrial owns 31 percent, while Mercedes owner Daimler owns a four percent share. The remaining 29 percent is publicly owned and it is currently unknown which share Stoll's consortium will buy, but it is understood to be a 'major' share. Get Up To Speed With Aston Martin: Aston Martin Opens New Factory To Build DBX SUV ⠀ Hear The Aston Martin Valkyrie Play Its Sweet V12 Tune … [Read more...] about Is F1 Billionaire Eyeing Up A Bid For Aston Martin?
The sports car maker wants to boost income before it gets listed on the stock market. McLaren is eyeing an expansion in Asia as sales fall in the U.K., the company's biggest market. The carmaker is suffering at home due to Brexit uncertainty, but U.S. and Asian sales outside of China remain strong right now. Nevertheless, it is keen to improve its position in the East as it looks towards a future public offering."We need to put more cars into Asia," McLaren CEO Mike Flewitt told reporters earlier this week. The company is already planning to open new dealer locations in Vietnam and the Philippines, as well as India and Russia. The aforementioned planned public offering could be a risky move for McLaren. A similar move for Aston Martin has seen its share prices slip by 59 percent. That being said, Ferrari, which was first listed in 2015, has enjoyed a 68 percent share price rise in the last year. What Has McLaren Been Up To? McLaren Plug-In Hybrid Supercar … [Read more...] about McLaren Eyeing Asia Expansion Ahead Of Public Offering
Slider Lijst 1. Australië 1/21 Foto door: Jerry Andre / Motorsport Images 1. Valtteri Bottas, Mercedes 2. Lewis Hamilton, Mercedes 3. Max Verstappen, Red Bull 2. Bahrein 2/21 Foto door: Glenn Dunbar / Motorsport Images 1. Lewis Hamilton, Mercedes 2. Valtteri Bottas, Mercedes 3. Charles Leclerc, Ferrari 3. China 3/21 Foto door: Andy Hone / Motorsport Images 1. Lewis Hamilton, Mercedes 2. Valtteri Bottas, Mercedes 3. Sebastian Vettel, Ferrari 4. Azerbeidzjan 4/21 Foto door: Glenn Dunbar / Motorsport Images 1. Valtteri Bottas, Mercedes 2. Lewis Hamilton, Mercedes 3. Sebastian Vettel, Ferrari 5. Spanje 5/21 Foto door: Steve Etherington / Motorsport Images 1. Lewis Hamilton, Mercedes 2. Valtteri Bottas, Mercedes 3. Max Verstappen, Red Bull 6. Monaco 6/21 Foto door: Jerry Andre / Motorsport Images 1. Lewis Hamilton, Mercedes 2. Sebastian Vettel, Ferrari 3. Valtteri Bottas, Mercedes 7. Canada 7/21 Foto door: Glenn Dunbar / Motorsport Images … [Read more...] about In beeld: Alle podiums in het Formule 1-seizoen 2019