Velocity Vehicle Group purchase Huntingwood Dealership

Daimler Truck and Bus has announced the sale of its Huntingwood dealership to Velocity Vehicle Group. The sale comes after DTB divested dealership operations at Laverton in 2016 and Somerton last year and represents its exit of the own-retail sector. Daimler Truck and Bus Australia Pacific President and CEO, Daniel Whitehead, says the Huntingwood sale…

HELLA and Faurecia join forces

HELLA and Faurecia agree to combine their businesses: Partnership opens additional growth potential Faurecia acquires the 60 percent stake from the pool shareholders of HELLA and announces tender offer to acquire the remaining HELLA shares for € 60 per share Combination of the two companies creates 7th largest global automotive supplier and a global market…