Author: admin

Bridgestone acquiring German tyre distributor Reiff Reifen

The Bridgestone Corporation (Bridgestone) is acquiring German tyre retail, wholesale and retreading company Reiff Reifen & Autotechnik GMBH (Reiff) in a deal for UK-based Fintyre Group. FinTyre acquired Reiff in August 2017, however, according to insolvency administrators Jaffé Lawyers, the…

Covid-19: Continental delays spin off of powertrain unit Vitesco

German technology firm Continental Corp. has put on hold spinning off its powertrain unit Vitesco Technologies this year, due to the coronavirus pandemic and the resulting ongoing economic uncertainty. It says it will “complete this step as soon as the market environment has improved noticeably and…