Author: Automotive News Breaking News Feed
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TI Automotive in talks to be acquired by Bain Capital for $2 billion
Bain Capital is in advanced talks to acquire auto parts supplier TI Automotive in a deal approaching $2 billion, people familiar with the matter said on Tuesday.
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Tesla’s Musk says Model S recall ‘definitely’ won’t happen, but decision up to regulators
Tesla Motors co-founder Elon Musk says ‘there’s definitely not going to be a recall’ of the company’s Model S sedan. Ultimately, it’s not up to him.
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GM to open Singapore HQ in 2014
General Motors, which counts China as its biggest market, will open a new headquarters in Singapore to oversee markets including Southeast Asia and India.
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GM shares sold for $1.2 billion by U.S. government in October
The U.S. Treasury Department said net proceeds of its sales of General Motors shares totaled about $1.2 billion last month as the government winds down its investment in the automaker.