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LindaTemple
The Green Engineer: Advocating sustainable and green practices in industry. Making a difference, one step at a time.
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LindaTemple
Release Time:2024-06-02
With Rs 360 crore funding from KKR, Classic Stripes promoter buys back control of firm from PE investor
Mumbai: In a unique deal, Classic Stripes Private Limited, the founding shareholder (CSPL) of the auto parts maker, regained control of the company from the private equity investors who sold a majority stake in it five years ago. Musale is headquartered in Mumbai The family, with the support of Kohlberg Kravis Roberts Co. (KKR), repurchased 51% of the shares acquired in 2011 for Rs 20 crore from Navis, owned by Rs 100 crore Capital Partners (NCP). An additional Rs 16 crore has also been provided to settle short-term liabilities. Asia-focused NCPP has invested $110 million (about Rs 4.5 billion) in the company and will monetize it through its Indian operations, but will retain the company’s overseas operations, people familiar with the matter said. Founded in 1987 by Kishore Musale, the first generation entrepreneur, CSPL is the world’s largest manufacturer of automotive graphics with an annual production capacity of more than 1.5 lakh One lakh automotive graphic ki...
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LindaTemple
Release Time:2024-06-02
Japan-based JTEKT Corp looking to hike stake in Sona Koyo Steering Systems
Eastern Standard Time Japanese auto parts JTEKT, the world’s largest supplier of steering systems, is looking to strengthen its presence in the Indian auto parts market and is in talks to increase its stake in Sona Koyo, the listed flagship company of the Sona Group, according to people familiar with the matter. It is said to have already started. The stake in Steering Systems Ltd. The ongoing negotiations were interviewed on condition of anonymity by ET NOW. ET NOW first reported the story. Jetty currently owns about 20% of Jetty with Sonaa and is negotiating with Sonaa’s share, Koyo Steering Systems, to increase its stake. Due diligence sources say the proposed transaction is ongoing. “Responding to ET NOW Jettygate responded to an email inquiry that it had not yet responded to Sonaa’s email Koyo Steering Systems Limited has made any decision not to comment.” Sonaa Group said, “In accordance with company policy, we do not comment on mar...
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Q
who makes dacia vehicles
BeacherSawyer
MurielAlick
Release Time:
July 2, 2024, 6:37 AM
Dacia vehicles are manufactured by the Romanian automobile manufacturer Dacia, which has been a subsidiary of the French car manufacturer Groupe Renault since 1999. The company was originally founded in 1966 and has since evolved into Romania’s largest company by revenue and one of the largest in Eastern Europe. Dacia’s main plant is located in Mioveni, Romania, where models like the Dacia Sandero, Duster, and Logan are produced. The brand is known for offering affordable, no-frills vehicles that appeal to cost-conscious consumers, maintaining a straightforward line-up with a focus on practicality and value for money. Dacia has expanded its market presence beyond Romania, enjoying success in various markets across Europe and beyond, leveraging the design and engineering expertise of the Renault Group to develop cars that are reliable, simple to maintain, and competitively priced.
0
MyronAnna
Release Time:
June 29, 2024, 4:28 AM
Dacia vehicles are manufactured by the Romanian automobile manufacturer Dacia, which has been a subsidiary of the French car manufacturer Groupe Renault since 1999. The company was originally founded in 1966 and has since evolved into Romania’s largest company by revenue and one of the largest in Eastern Europe. Dacia’s main plant is located in Mioveni, Romania, where models like the Dacia Sandero, Duster, and Logan are produced. The brand is known for offering affordable, no-frills vehicles that appeal to cost-conscious consumers, maintaining a straightforward line-up with a focus on practicality and value for money. Dacia has expanded its market presence beyond Romania, enjoying success in various markets across Europe and beyond, leveraging the design and engineering expertise of the Renault Group to develop cars that are reliable, simple to maintain, and competitively priced.
0
LindaTemple
Release Time:
March 14, 2024, 6:23 PM
Dacia is a Romanian automobile manufacturer that is a subsidiary of Renault. the French automaker. Dacia cars are manufactured by the Renault Group.
0
Q
who makes porsche vehicles
LindaTemple
CorneliusNoel
Release Time:
June 29, 2024, 7:42 AM
Porsche vehicles are manufactured by Dr. Ing. h.c. F. Porsche AG, commonly known simply as Porsche AG. Founded in 1931 by Ferdinand Porsche in Stuttgart, Germany, the company has grown to become one of the most prestigious and acclaimed luxury sports car manufacturers globally. Porsche’s lineup includes iconic models like the 911, Boxster, Cayman, Panamera, Macan, and Cayenne. The company’s commitment to innovation, performance, and design has solidified its status in the automotive industry. As a subsidiary of Volkswagen Group since 2012, Porsche continues to operate with a degree of independence, upholding its legacy of engineering excellence.
0
JanetBarnard
Release Time:
February 22, 2024, 6:30 PM
Porsche is a German automaker.
0
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