Maersk family moved back to Svitzer’s full ownership
The Musk family has proposed a bid to regain control of Svitzer Group A/S, offering 9 billion Crona ($1.3 billion) to acquire 53% of the company that has not yet owned. The offer presented through APMH Invest A/S (Investment Division of the Family) is an all-cash transaction that evaluates Svitzer at a price of 285 Kroner per share, with a standard premium of 32%. Also Read: Maersk surpasses fourth-quarter profit forecast amid global trade uncertainty Danish marine services provider Svitzer left the AP Moller-Maersk A/s about a year ago but has been working to attract significant investor interest, losing about 8% of the shares since the Nasdaq Columbia listing. APMH Invest said it believes taking the company again will better support its long-term growth. Svitzer's board of directors recommended an offer, and Chairman Morten Engelstoft emphasized that independent fair opinions were obtained and that all shareholders would be treated the same. Engelstoft is a veteran of various Mask companies and…
Performance pickups quickly moved up to Barrett-Jackson
What to Expect What cars will you see at the inaugural Barrett-Jackson Scottsdale Fall Auction, October 10-13 at WestWorld? A little bit of everything. If you like exotic supercars, you'll find them there. Same with muscle cars. A big fan of classic American cars? You'll see a few at the auction (and you might get the winning bid on your favorite). If you're more into high-performance trucks, don't worry—they'll be at the event, too. In fact, we've highlighted a few of them below. Modified 1990 Chevrolet 454 SS Think of it as the original modern sport truck. Introduced in 1990, the Chevrolet 454 SS predated the first-generation Ford F-150 SVT lightning and long before the Viper V10-powered Dodge Ram SRT-10. It set the template for sport trucks of the time: a single-cab pickup with plenty of power under the hood, a short bed and rear-wheel drive. Chevrolet initially offered a C1500 with the top-of-the-line Silverado trim and a 6.5-foot short…
Dodge Stealth SUV to replace Durango, production may be moved
The Dodge Stealth is rumored to replace the Durango, reviving the '90s moniker for the new SUV. The new model is expected to be produced at the Windsor, Ontario, Canada plant. UAW accuses Stellantis of planning to move Dodge Durango production outside the U.S. Stellantis will reportedly discontinue the old Dodge Durango and replace it with a newer, slightly smaller SUV that will revive the "Stealth" moniker, which was last used in the 1990s for a remake of the Mitsubishi 3000GT coupe. Industry insiders expect the new model to be assembled in Ontario, Canada - a move that could cause tensions with unions given Stellantis' previous commitments. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Sam Fiorani, vice president of AutoForecast Solutions, discussed the Dodge Durango's successor with Automotive News Canada, saying the current Durango is expected to cease production at the Detroit Assembly Plant in July…
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