Valeo buys Ichikoh

Well known automotive supplier Valeo has announced that 32,383,612 Ichikoh shares have been tendered to its offer, raising its stake in the Japanese vehicle lighting and wing mirror supplier to 55.08 per cent.
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Wheel makers Momo and Weld now sister companies

Cisneros Corporation, parent company of Italy-based wheel manufacturer Momo, has acquired US firm Weld Racing from investment group Granite Creek Capital Partners, L.L.C. for an undisclosed sum. Announcing the deal, Weld Racing states that together with the Momo Automotive Group, it will create a “global design, performance, and manufacturing powerhouse with a passion for motorsports and a drive for transformational innovation.”
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