Fiat CEO Sergio Marchionne is trying to convince General Motors and the German government that Opel will be better off with his "no-cash, no-debt" deal than a rival proposal that includes a one-time injection of money. Fiat S.p.A.
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Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
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Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
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Germany will decide on a preferred bidder for General Motors unit Opel by the middle of the week, after holding a final round of talks with suitors Fiat, Magna International and RHJ.
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The German government will likely settle on a preferred bidder for General Motors' Opel unit by the middle of the week, Chancellor Angela Merkel's spokesman said on Monday.
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The German government will likely settle on a preferred bidder for General Motors' Opel unit by the middle of the week, Chancellor Angela Merkel's spokesman said on Monday.
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Ford-owned Volvo Car Corp. and the Belgian region of Flanders will examine the latter's offer of 200 million to 300 million euros ($280 million to $420 million) in loan guarantees for the carmaker.
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Ford-owned Volvo Car Corp. and the Belgian region of Flanders will examine the latter's offer of 200 million to 300 million euros ($280 million to $420 million) in loan guarantees for the carmaker.
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Ford-owned Volvo Car Corp. and the Belgian region of Flanders will examine the latter's offer of 200 million to 300 million euros ($280-$420 million) in loan guarantees for the carmaker.
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Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
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Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the heads of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the premiers of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Robert Bosch supplies its latest-generation ABS along with electronic brake force distribution and emergency brake assist to the new DaciaSandero. This is the first time the German supplier has delivered brake assist to a Dacia model.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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