Private equity giant, Clayton, Dubilier & Rice has taken over heating and plumbing distribution business Wolseley UK for £308m, sources confirmed. One of the oldest private equity investment firms in…
Category: Automobile
Aston Martin sells 20% stake to F1 Billionaire Lawrence Stroll
Stroll’s F1 Racing Point will become the Aston Martin F1 works team from the 2021 season. Lawrence Stroll, 60, a Canadian investor who owns a fleet of vintage Ferraris, made…
Vega the all electric super car features in 2020 Geneva Motor Show
Few of us know that the South Asian republic of Sri Lanka has its own automotive industry, thus far represented by the young-but-ambitious Vega Innovations. The carmaker will be attending…
Tesla becomes the world’s second most valuable car maker
Tesla overtook Volkswagen as the world’s second most valuable car maker, after a dramatic rise in share price pushed its market value to more than £76.1bn. The company has exceeded…
Aston Martin acquires Morgan Motor Company
Morgan Motor Company, one of the last remaining British-owned carmakers, is to be bought by an Italian investment firm.The 110-year-old firm, based in Malvern, Worcestershire, said it had sold a majority holding to Italy’s Investindustrial, which owns stakes in a broad range of auto brands, including Aston Martin and the motorbike maker Ducati.