US proposes Novelis to divest automotive body sheet biz in North America
By Lalit K Jha WASHINGTON: The US Department of Justice is proposing a federal court to order Hindalco-owned American company Novelis to divest Aleris Corporation’s entire aluminium automotive body sheet operations in North America to satisfy competitive concerns. Novelis, which is a wholly-owned subsidiary of India’s Hindalco Industries, had acquired Aleris for USD 2.8 billion […]