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GKN has changed CEOs, embarked on a two-year profit drive and now is battling a hostile takeover -- all while launching its advanced eDrive technology.
GKN sharpened its argument against a hostile takeover attempt by Melrose, outlining plans to divest businesses, slash costs and return $3.5 billion in cash to shareholders.
GKN rejected a takeover offer from turnaround specialist Melrose after naming former Ford executive Anne Stevens as CEO.
British engineering group GKN is considering splitting into two listed companies comprising its aerospace and auto component divisions, a UK newspaper reported.
The redesigned 2017 Compass is the key to Jeep's strategy to grow its global sales. And the key to the Compass is an innovative driveline system developed by GKN.
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