Schaeffler to sell plant in Hamm to management

WNM | Jul 1, 2019 at 8:50 AM

The automotive and industrial supplier Schaeffler and the management team of Schaeffler Friction Products Hamm GmbH signed an agreement last Friday under which the management of Schaeffler Friction Products Hamm will take over the ownership of the company,

Fiat Chrysler withdraws merger offer for Renault

WNM | Jun 6, 2019 at 1:31 AM

Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker.