9 result(s) displayed (1 - 9 of 9):

Abu Dhabi sov fund in JV with Austria's Berndorf (from Corporate Dealmaker)

It has been a busy month for Aabar Investments PJSC of Abu Dhabi. The sovereign fund just created a joint venture with Austrian technology and metalware firm Berndorf AG. Named ABAG Aktiengesellschaft Inc., the JV will initially be funded with €150 million ($213 million) and will invest in medium-sized technology-based...

Posted on July 21, 2009 9:54 AM

Tesla stake for Abu Dhabi's sovereign fund (from Corporate Dealmaker)

Oil-rich Abu Dhabi is increasing its commitment to the cleantech market via its sovereign wealth fund, Aabar Investments PJSC.Aabar has announced the purchase of a stake in high-end electric carmaker Tesla Motors Inc. Aabar bought the 4% holding from Daimler AG, which still holds about 6%. Terms were not disclosed,...

Posted on July 13, 2009 10:30 AM

Obama bets billions to fuel electric car race (from Corporate Dealmaker)

For a while now we've covered news of automakers driving ahead with plans for electric vehicles and lithium-ion battery makers jostling for position to profit from this initiative. The Wall Street Journal shone its own light on this race and highlighted the government's role.The report said the Energy Department has...

Posted on May 26, 2009 1:14 PM

Indy e-car maker Tesla looking for $350m DOE check (from Corporate Dealmaker)

Tesla Motors Inc. CEO Elon Musk is a determined and optimistic man, even though his Silicon Valley firm is losing money. The electric car maker's fourth chief has been held up by production delays but expects profitability by mid-year. Much of his hope rests on a $350 million check from...

Posted on February 12, 2009 3:45 PM

Daimler to decide on Russian truckmaker stake (from Corporate Dealmaker)

Truck and luxury carmaker Daimler AG will make a decision by year's end to acquire a stake in Kamaz, the leading seller of heavy-duty trucks in Russia. Acquiring a 42% stake from investment company Troika Dialog would cost Germany's Daimler about $2 billion. However, since its announcement in July,...

Posted on December 10, 2008 2:40 PM

Daimler's Beijing deal fits a pattern (from Corporate Dealmaker)

In June a high-level source at Daimler AG told Reuters the company was hunting for deals, but not big ones. A deal announced Thursday shows what he meant. Daimler and Beijing's Beiqi Foton Motor agreed to form a 50-50 JV to make medium and heavy-duty trucks in China and to...

Posted on August 7, 2008 3:35 PM

Daimler focus: Bolt-on acquisitions, alliances, JVs (from Corporate Dealmaker)

Daimler AG only received $1.3 billion of the $7.4 billion Cerberus Capital Management LP paid for Chrysler LLC in February. Not much compared to the $36 billion Daimler spent for the troubled U.S. carmaker. So it's not a complete shock to hear that when Reuters questioned a high-level source...

Posted on June 16, 2008 12:26 PM

$1.1B JV for Daimler, India's Hero (from Corporate Dealmaker)

On Monday, Daimler AG signed a deal with India's Hero Group to invest 4400 crore rupees ($1.1 billion) in a commercial vehicle joint venture over the next five years. The JV, Daimler Hero Corp. Ltd., will be 60% owned by Germany's Daimler. Hero Group's contribution is Rs900 crore and Daimler's...

Posted on April 21, 2008 2:25 PM

Chrysler focuses on alliances, but doesn't rule out combo (from Corporate Dealmaker)

After being sold by Daimler AG last summer, Chrysler has been aggresively pursuing partnerships. At last weekend's North American International Auto Show, Chairman and Chief Executive Bob Nardelli said the firm would...

Posted on January 15, 2008 11:19 AM