Denway Motors Ltd. tumbled as much as 16 percent, the most in 19 months in intraday trading, to HK$3.77 after Guangzhou Auto’s all-stock offer valued the company at HK$41.2 billion or as much as HK$5.49 per share, according to a statement today. That’s 20 percent more than Denway’s April 28 closing price, the last day of trading before a suspension.
Guangzhou Auto offered to buy the 62 percent of Denway it doesn’t own to consolidate operations as it seeks a listing. Denway, a Honda Motor Co. partner, fell as investors had expected a better offer, said SinoPac Securities Asia Ltd. analyst Vivien Chan.
ended flat with marginal gains. It was yet another choppy session for the markets. The Nifty was broadly trading in a range of 80 points.
Nifty closed up 6.30 points or 0.12% at 5066.20. About 1688 shares advanced, 1242 shares declined, and 356 shares were unchanged.
The total turnover for the day stood at Rs 111854.27 crore. NSE F&O contributed Rs 94575.29 crore to total turnover. NSE Cash recorded turnover of Rs 12873.32 crore while BSE Cash recorded Rs 4405.66 crore turnover.
By JIM KUHNHENN(AP)– 6 hours ago WASHINGTON — The nation's 18,000 auto dealers are trying to cut themselves a deal in the Senate, seeking exemption from proposed consumer regulations that would police how they write car loans.
The Obama administration is pushing back, using the Pentagon to make the case that soldiers are particularly vulnerable to high interest car loan schemes.
"No one counts the car dealers out," said Ed Mierzwinski, consumer program director at U.S. PIRG, a consumer advocacy group. "The car dealers are like the small banks — they are everywhere." The dealers argue that when it comes to lending to car buyers, they are mere intermediaries for financial institutions that ultimately process and service the loans.
 India Talkies | Auto-lifters' gang led by ex-Col busted Times of India LUCKNOW: The Ghaziabad police busted an inter-state gang of auto-lifters which exclusively targeted luxury four-wheelers and supplied them to senior and top ... Auto lifters' gang headed by retired army officer busted |
Hydraulic Oil Tanks India | Diesel Tanks | Oil Tanks India
) said itwill suspend its Thai Auto Works factory on the outskirts ofBangkok at the end of this month, transferring production to twoother Thai plants that also build the Fortuner and Vigo lighttrucks.
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