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May
27th

Microsoft CEO Steve Ballmer gets Ford with 1-millionth Sync system:

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It's taken a little more than two years for Ford to build 1 million vehicles with the Sync entertainment and communications system, and the automaker marked the milestone by having Ford CEO Alan Mulally deliver a Ford Fusion hybrid with the... Full story...
May
27th

Microsoft CEO gets car with 1 millionth Sync system:

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It's taken a little more than two years for Ford to build 1 million vehicles with the Sync entertainment and communications system, and it marked the milestone by having Ford CEO Alan Mulally deliver a Ford Fusion hybrid with the 1 millionth system... Full story...
May
27th

Microsoft CEO gets car with 1-millionth Sync system:

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It's taken a little more than two years for Ford to build 1 million vehicles with the Sync entertainment and communications system, and the automaker marked the milestone by having Ford CEO Alan Mulally deliver a Ford Fusion hybrid with the... Full story...
May
27th

Bond holders snub GM, bankruptcy likely:

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Nowhere near enough General Motors bond holders agreed to exchange their debt for stock before a deadline at midnight Tuesday, making a bankruptcy filing by the automaker highly likely. Full story...
May
27th

Bondholders snub GM, bankruptcy filing likely:

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Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. Full story...
May
27th

US: Treasury loans Chrysler $757m more

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The US Treasury has provided another US$757m dollars to bankrupt Chrysler. Full story...
May
27th

Germany discusses Opel bids; field could be down to 2 soon

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Germany aims to narrow the field of bidders for General Motors unit Opel on Wednesday and reach a deal to provide the carmaker with temporary financing should its U.S. parent file for bankruptcy. Full story...
May
27th

Germany scrambles to shield Opel from GM bankruptcy

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Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors. Full story...
May
27th

Opel bidders urged to improve offers before crucial meeting

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Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit. Full story...
May
27th

US: Chrysler bids for $448m DoE initiatives

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Chrysler has submitted three proposals totalling US$448m for two US Department of Energy (DOE) initiatives aimed at rapid vehicle electrification - the Transportation Electrification Initiative and Electric Drive Vehicle Battery and Component Manufacturing Initiative. Full story...
May
27th

Chinese bid for Opel came too late, minister says

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A bid for carmaker Opel by China's Beijing Automotive Industry Corp. (BAIC) came too late for the government to assess it in depth, German Finance Minister Peer Steinbrueck said on Wednesday. Full story...
May
27th

Getting Opel would propel Magna’s Stronach to new heights

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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy. Full story...
May
27th

Opel win would take Magna’s Stronach to new heights

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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy. Full story...
May
27th

Getting Opel would propel Magna’s Stronach to new heights

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Magna International's bid to buy Germany's iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna's billionaire founder a chance to cement his legacy. Full story...
May
27th

FRANCE: Nissan and Europcar form ZEV partnership

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Nissan and car rental firm Europcar have announced that they are forming a partnership to market electric vehicles by 2010 and 'advance zero-emission mobility on a global scale'. Full story...
May
27th

US: ‘New’ Chrysler could be ready in days

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Chrysler faces its day of judgement today (27 May) as a bankruptcy court judge rules on a sale of its key assets to give the ailing automaker a fresh start in a partnership with Italy's Fiat. Full story...
May
27th

GERMANY: Opel bridge financing “quite possible”

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The German cabinet could agree to grant Opel bridge financing, finance minister Peer Steinbrueck said on Wednesday. Full story...
May
27th

GERMANY: Chinese Opel buy strategically sensible

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An acquisition of Opel by Beijing Automotive Industry Corp (BAIC), the fourth interested party that did not make it before the deadline for the official bids, would be strategically sensible, experts have said. Full story...
May
27th

GERMANY: Job concessions will undermine Fiat-Opel merger case – analyst

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As the race for Opel enters a critical phase in which the German government chooses a preferred bidder, analysts are concluding that the political backdrop in Germany and the need for concessions on capacity reductions threatens to undermine the benefits that a Fiat-Opel merger could bring. Full story...
May
27th

Time is up for GM

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The clock is ticking for GM Europe!


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