Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said.
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Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said.
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Magna International Inc. and its Russian partner Sberbank have reached an agreement in principle with General Motors' management over a contract to buy a stake in GM's Opel unit, Magna co-CEO Siegfried Wolf said.
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Magna International Inc. and its Russian partner Sberbank have reached an agreement in principle with General Motors' management over a contract to buy a stake in GM's Opel unit, Magna Co-CEO Siegfried Wolf said.
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Magna International Inc. and its Russian partner Sberbank have reached an agreement with the management of General Motors to acquire a 55 percent stake in GM's Opel unit, Magna Co-CEO Siegfried Wolf said.
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GM said today that it has received a revised 'draft agreement' from Magna/Sberbank and will be reviewing it over the next few days.
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Volkswagen AG CEO Martin Winterkorn is set to also become CEO of Porsche Automobil Holding SE, two people familiar with the matter said.
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Volkswagen AG CEO Martin Winterkorn is set to also become CEO of Porsche Automobil Holding SE, two people familiar with the matter said.
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Italian tax authorities are looking into undeclared holdings in Switzerland and elsewhere owned by Fiat SpA's Agnelli family.
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General Motors has said it will export Chinese-made minivans to other emerging markets, reflecting China's increasingly central role in its business.
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Ssangyong has resumed vehicle production after workers ended a 77-day factory occupation last week.
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The Trabant -- an icon of communist eastern Germany -- will make a comeback as an electric car concept at the Frankfurt auto show in September.
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The Trabant -- an icon of communist eastern Germany -- will make a comeback as an electric car concept at the Frankfurt auto show in September.
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The Trabant -- an icon of communist eastern Germany -- will make a comeback as an electric car concept at the Frankfurt auto show in September.
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The Trabant -- an icon of communist eastern Germany -- will make a comeback as an electric car concept at the Frankfurt auto show in September.
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The Trabant -- an icon of communist eastern Germany -- will make a comeback as an electric car concept at the Frankfurt auto show in September.
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Industrial production in India increased at the fastest pace in 16 months in June, adding to signs that Asia's third-largest economy has escaped the worst of the global recession.
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European industrial production fell unexpectedly in June, suggesting the region's economy may struggle to emerge from the recession.
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The Russian government is planning a vehicle sales incentive scheme offering vouchers for RUR50,000 (US$1,500) to people willing to trade in older cars for scrap in a bid to revive the domestic industry according to Vedomosti newspaper.
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In apparent violation of the new cash-for-clunkers law, the Department of Transportation is more than 10 days late in paying rebates of at least hundreds of thousands of dollars on dealer claims, several dealers said.
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