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FB Roundup: Oppenheimer Generations, Fortescue Metals Group, The Ford Foundation

October 25, 2021

Oppenheimer family drives Asian investments with new Singapore family office, Mining magnate Andrew Forrest pushes green hydrogen, Ford Foundation to divest millions from fossil fuels.

Oppenheimer family drives Asian investments with new Singapore family office

The Oppenheimer family, heirs to the DeBeers diamond fortune, is the latest family enterprise to extend its family office into Singapore.

FB Roundup: Samsung, Ferragamo, Swarovski

May 3, 2021

Samsung’s Lee family to pay $10.8 billion inheritance tax bill, Ferruccio Ferragamo passes leadership torch to brother Leonardo Ferragamo, Fifth-gen Robert Buchbauer declares Swarovski sustainability goals.

Samsung’s Lee family to pay $10.8 billion inheritance tax bill

The family of late Samsung patriarch Lee Kun-hee has unveiled an instalment plan to pay its 12 trillion won ($10.8 billion) inheritance tax bill, to include large donations to South Korean healthcare and museums.

FB Roundup: Stellantis, Samsung, Benjamin de Rothschild

January 22, 2021

Agnelli heir John Elkann in the driving seat of Stellantis, Samsung heir Lee Jae Yong sentenced to prison, Benjamin de Rothschild dies aged 57.

Agnelli heir John Elkann in the driving seat of Stellantis

John Elkann, scion of Italy’s Agnelli dynasty, says the new $51 billion Fiat-Chrysler-PSA mega-merger he masterminded will meet the world’s needs in sustainable mobility.

FB Roundup: Bosch, Deichmann, Volkswagen

April 30, 2020

Bosch launches rapid Covid-19 test and prepares for global recession, Deichmann manages reputational risk over coronavirus rents, sales-hit Volkswagen reviews all projects as car production resumes.

Bosch launches rapid Covid-19 test and prepares for global recession

Bosch, the family-owned multinational engineering and technology giant, has developed and distributed a test for Covid-19 that delivers results after two and a half hours and is finalising a test that gives a verdict in less than 45 minutes.

Suzuki wants to end its two-year alliance with VW over Fiat controversy

September 12, 2011

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family.

Suzuki Motor offered to buy Volkswagen’s stake in the company on 12 September after the German firm accused its Japanese partner of breaking the terms of their contract by agreeing to buy diesel engines from Fiat, instead of first considering VW.

However, in a statement, Suzuki denied the allegation: “We can affirm that we have not breached the contract.”

Celebrating 60 Years of the Jaguar XK

October 16, 2008

Test driving the new Jaguar XKR is a tough job, but someone has to do it. Antje Doel spent a day roaring up and down Italy's Amalfi coast road to put family-owned Tata's latest acquisition through its paces

Since Jaguar and Land Rover were acquired from Ford by fellow family-owned company Tata Motors earlier this year, new life has been breathed into these traditional British car brands.

Tata Motors, which bought the pair for $2.3billion, is India's leading car manufacturer and has come a long way since starting out in 1945 as Tata Engineering and Locomotive Co Ltd. Today, it is part of the Tata and Sons Group, founded by Jamshetji Tata and J Baker.

Andrea Pininfarina killed in road accident

August 8, 2008

Andrea Pininfarina, CEO of the family-owned car design group, has been killed in a road accident.

Andrea Pininfarina, CEO of the family-owned car design group, has been killed in a road accident. The 51-year-old was hit by a car on the outskirts of Turin while riding a scooter. He is survived by his wife and three children.

In a statement, Italian Prime Minister Silvio Berlusconi said he was "deeply saddened" by the tragedy. Andrea Pininfarina was "a leading personality of the country's industrial life and the representative of a dynasty that did so much for the made-in Italy brand around the world," the statement continued.

Ford family still in the driving seat

May 9, 2008

The Ford family has retained control over the Ford Motor Company by defeating a motion to implement a one share, one vote policy at the Detroit-based manufacturer.

The Ford family has retained control over the Ford Motor Company by defeating a motion to implement a one share, one vote policy at the Detroit-based manufacturer. The proposal was put forward at the company’s Annual Meeting of Shareholders yesterday. Although 27% of shareholders voted in favour, 73% voted against.

Tata Motors unveils the People’s Car

January 10, 2008

Tata Motors, part of the family-owned Tata Group, has unveiled the world’s cheapest car.

Tata Motors, part of the family-owned Tata Group, has unveiled the world's cheapest car. Priced at a reported $2,500, the Tata Nano – also known as the "People's Car" – aims to bring the comfort and safety of a car within the reach of thousands of families in India.

Ratan Tata (pictured), chairman of the Group, said at the unveiling ceremony that he had watched too many families getting by with just two wheels. "It led me to wonder whether one could conceive of a safe, affordable, all-weather form of transport for such a family," he said.