Melrose gets green light from UK for GKN takeover

UK Business Minister Greg Clark said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of British auto supplier GKN.

UPDATED: 4/24/18 7:55 am ET -- adds GM, links

PSA's Tavares faces toughest opponent yet in German union

PSA boss Carlos Tavares, who is no stranger to thrashing out difficult labor deals, is now taking on Germany's powerful IG Metall union, which has been the undoing of many a cost cutter.

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