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Bollore rejects Ackman's $64 billion bid on Universal Music

Bollore rejects Ackman's $64 billion bid on Universal Music

By Mathieu Rosemain PARIS, May 27 (Reuters) - Cyrille Bollore, chief executive of the Bollore Group, said on Wednesday he was urging Universal Music Group's management to reject Bill Ackman's takeover proposal, citing three key objections: the price was too low, the deal used UMG's own money rather

Analysis-Estée Lauder exits Puig talks, preserves firepower for selective M&A

Analysis-Estée Lauder exits Puig talks, preserves firepower for selective M&A

By Arriana McLymore NEW YORK, May 26 (Reuters) - After U.S. cosmetics company Estée Lauder walked away from merger talks with Spanish perfume maker Puig, analysts called the move prudent and said it left Estée with more flexibility to pursue other acquisitions.

Stellantis Faces Class Action Lawsuit Over Alleged Misleading Statements

Stellantis Faces Class Action Lawsuit Over Alleged Misleading Statements

Stellantis Faces Class Action Lawsuit Over Alleged Misleading Statements

Ferrari reverses after controversial EV announcement

Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...

Enhanced Group Shares Tumble After PED-Friendly Opener

Enhanced Group Shares Tumble After PED-Friendly Opener

The Enhanced Games left Wall Street largely disappointed after its inaugural event over Memorial Day weekend. Shares of its parent company, Enhanced Group Inc., fell nearly 45% to close at $2.96 on Tuesday. Enhanced Group began trading on the New York Stock Exchange earlier this month under the ticker ENHA after merging with a special […]

How did the Ford Transit Become a Global Success Story

How did the Ford Transit Become a Global Success Story

The Ford Transit has achieved remarkable success on a global scale, becoming one of the best-selling light commercial vehicles worldwide. Since its...

Dodge Charger EV Faces Backlash Amid Shift to Electric Drivetrain

Dodge Charger EV Faces Backlash Amid Shift to Electric Drivetrain

Dodge Charger EV Faces Backlash Amid Shift to Electric Drivetrain

Ford recalls one of its best-selling vehicles

Ford recalls one of its best-selling vehicles

Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...

Rivian's R1S Tri-Motor SUV Highlights American Luxury EV Market Shift

Rivian's R1S Tri-Motor SUV Highlights American Luxury EV Market Shift

Rivian's R1S Tri-Motor SUV Highlights American Luxury EV Market Shift

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

By Dimitri Rhodes May 27 (Reuters) - Dulux paint maker AkzoNobel has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint and Sherwin-Williams, the Dutch company said on Wednesday, sending its shares 16% higher.

BMW to End Production of G80-Generation M3 in 2027, Future Models May Exclude Manual Transmission

BMW to End Production of G80-Generation M3 in 2027, Future Models May Exclude Manual Transmission

BMW to End Production of G80-Generation M3 in 2027, Future Models May Exclude Manual Transmission

Inditex Chooses Suburban Location for Lefties Launch in France, Targeting Families

Inditex Chooses Suburban Location for Lefties Launch in France, Targeting Families

Inditex Chooses Suburban Location for Lefties Launch in France, Targeting Families