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Jul
23rd

GERMANY: GM rules out Chinese Opel bid

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General Motors has ruled out a bid from China's BAIC for Opel and will continue talks with the other two contenders. Full story...
Jul
23rd

GM to continue Opel talks with Magna, RHJ

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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. Full story...
Jul
23rd

GM to continue Opel talks with Magna, RHJ

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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. Full story...
Jul
23rd

GM to continue Opel talks with Magna, RHJ

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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. Full story...
Jul
23rd

GM to continue Opel talks with Magna, RHJ

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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. Full story...
Jul
23rd

Porsche axes CEO; sets stage for merger with Volkswagen

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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. Full story...
Jul
23rd

Macht replaces Wiedeking as Porsche CEO

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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter. Full story...
Jul
23rd

Macht replaces Wiedeking as Porsche CEO; Haerter goes

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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter. Full story...
Jul
23rd

Porsche axes CEO, sets stage for VW merger

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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. Full story...
Jul
23rd

Fiat, Tata to sell low-cost Nano in S. America

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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. Full story...
Jul
23rd

Fiat and Tata to sell low-cost Nano in South America

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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. Full story...
Jul
23rd

Porsche’s Wiedeking falls on failed bid to take over Volkswagen

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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. Full story...
Jul
23rd

Porsche’s Wiedeking falls on VW gamble

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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. Full story...
Jul
23rd

Volkswagen and Porsche: How do they match up?

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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. Full story...
Jul
23rd

Plastic Omnium predicts late-year sales slowdown

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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. Full story...
Jul
23rd

Plastic Omnium predicts late-year sales slowdown

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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. Full story...
Jul
23rd

Russia’s GAZ to receive $180 million state aid

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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. Full story...
Jul
23rd

Wiedeking and Haerter quit Porsche

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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. Full story...
Jul
23rd

Macht replaces Wiedeking as Porsche CEO; Haerter goes

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Porsche conceded a months-long power struggle to Volkswagen by axing its CEO Wendelin Wiedeking and finance chief Holger Haerter. Full story...
Jul
23rd

Macht replaces Wiedeking as Porsche CEO; Haerter quits

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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. Full story...
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