General Motors has ruled out a bid from China's BAIC for Opel and will continue talks with the other two contenders.
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General Motors' European business said today it will continue detailed talks with Magna International and RHJ International on its German unit Opel. GM and German government officials failed to agree on a partner for Opel at talks held on Wednesday.
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General Motors' European business said on Thursday it will continue detailed talks with Magna International and RHJ International on its German unit Opel.
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General Motors' European business said on Thursday it will continue detailed talks with Magna International and RHJ International on its German unit Opel.
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General Motors' European business said today it will continue detailed talks with Magna International and RHJ International on its German unit Opel. GM and German government officials failed to agree on a partner for Opel at talks held on Wednesday.
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Sports car maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its CEO. Porsche said it would raise at least 5 billion euros ($7 billion) in equity as the two prepared for a merger.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Sports car maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its CEO. Porsche said it would raise at least 5 billion euros ($7 billion) in equity as the two prepared for a merger.
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Fiat S.p.A. and Tata Motors Ltd. intend to sell Tata's ultra-low-cost Nano model jointly in South America, the Indian firm's chief Ratan Tata said in an interview published on Thursday. Brazil is Fiat's second-biggest market after Italy.
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Fiat S.p.A. and Tata Motors Ltd. intend to sell Tata's ultra-low-cost Nano model jointly in South America, the Indian firm's chief Ratan Tata said in an interview published on Thursday. Brazil is Fiat's second-biggest market after Italy.
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Volkswagen chairman Ferdinand Piech once said of Wendelin Wiedeking that the one thing the CEO of sports car maker Porsche lacked was a real failure. Not any more.
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Volkswagen chairman Ferdinand Piech once said of Wendelin Wiedeking that the one thing the CEO of sports car maker Porsche lacked was a real failure. Not any more.
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Porsche Automobil Holding SE axed its CEO and said it will seek at least 5 billion euros (about $7.1 billion) in fresh funds, setting the stage for a merger of the German sports car maker with mass-market rival Volkswagen AG.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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Despite signs of an upturn in production, French car parts supplier Plastic Omnium said on Thursday that it expects its automotive sales to be hit by a new slowdown at the end of the year.
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Russian magnate Oleg Deripaska's indebted carmaker GAZ will receive 5.6 billion rubles ($180.2 million) from the state to build a a diesel engine plant, Prime Minister Vladimir Putin said.
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Porsche CEO Wendelin Wiedeking and finance chief Holger Haerter will leave the company immediately, Porsche announced. Porsche's production chief Michael Macht will replace Wiedeking. Thomas Edig, head of human resources, will be his deputy.
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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter.
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Porsche CEO Wendelin Wiedeking and finance chief Holger Haerter will leave the company immediately, Porsche announced. Porsche's production chief Michael Macht will replace Wiedeking. Thomas Edig, head of human resources, will be his deputy.
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