Investor objects to Dubai firm’s R13bn takeover offer for Imperial Logistics

PSG Asset Management regards offer as too low and not reflecting the ‘fair value or recovery potential the company offers’

Ford to take $2bn hit as it stops making cars in India

Floundering sales prompt US carmaker to pull the plug on plans to make the country one of its three biggest markets

Ford’s Tshwane plant gets R10.3bn Ranger tuning

US-based motor giant is preparing its Silverton plant to assemble the new Ranger bakkie to be launched in 2022

Imperial sees DP World deal going ahead in February 2022

CEO Mohammed Akoojee does not expect any issues during the regulatory process

Bidvest upbeat after swinging back to profit

Efforts at keeping costs low, and a shift in managerial focus to profits rather than volumes, helped four of the group's divisions deliver record results

RCL Foods to carve up portfolio and bulk up fast-moving consumer goods

The diversity of its interests is not optimal for creating shareholder value and its chicken, sugar and logistics business will be separated

German motor show reboots for more climate-friendly image

Germany’s biggest motor showcases eco-friendly engines but environmental groups are unimpressed

WBHO says recovery in SA’s construction sector is gaining momentum

The firm says roadwork projects and infrastructure jobs for the mining and energy sectors are the primary drivers behind local activity

Murray & Roberts swings back into profit as contracts roll in

Diversification into engineering and mining begins to pay off

Cashbuild hands out record dividend on huge cash pile as it rebuilds after riots

SA’s biggest building materials retailer to pay out its R665m profit to shareholders

Master Drilling upbeat about record order book, even though SA lags

Global sales pipeline more than doubled to $601.6m in the six months to end-June as miners look to cash in on commodities boom

Aveng books first annual profit in seven years

Previously one of SA’s largest construction companies, Aveng is one of just a few left standing after an industry-wide slump

Amazon-backed electric vehicle maker Rivian files for IPO

The Tesla challenger, which is eyeing an $80bn valuation, it has yet to delivery any vehicles to retail customers and has encountered multiple setbacks

Toyota resumes use of self-driving vehicle at Games after tackling safety issues

Company halted autonomous e-Palettes after one of the vehicles injured a visually impaired Japanese athlete

Toyota ends use of self-driving car in Olympic Village after athlete is hit

The incident ‘shows that autonomous vehicles are not yet realistic for normal roads’, Toyota CEO Akio Toyoda says

OneLogix yearns for an economic recovery

The logistics and transport group needs people to be mobile and businesses to be more confident

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.