The premier of the German state of Hesse, which is helping to finance Opel operations, has rejected a plan by Beijing Automotive Industry Corp. (BAIC) to take over the carmaker.
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The premier of the German state of Hesse, which is helping to finance Opel operations, has rejected a plan by Beijing Automotive Industry Corp. (BAIC) to take over the carmaker.
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Indebted automotive holding group Porsche Automobil Holding SE will discuss a possible sale of 49 percent stake of wholly-owned sports car unit, Porsche AG, to Volkswagen AG during a supervisory board meeting on July 23, a source said on Friday.
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At least six potential suitors including TRW Automotive Holdings have considered bidding for Delphi Corp. a day before a deadline for offers on the assets of the bankrupt auto parts maker, sources briefed on the matter said today.
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Turkish passenger car output fell 15.1% year-on-year in June and total automotive production dropped 24.6% according to the OSD.
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The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker's rapid exit from bankruptcy.
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UK-based engineering firm Revolve Technologies was formed by an MBO in 2007 when Roush Industries (an engineering arm of the Roush empire that is perhaps best known for Roush Racing and NASCAR) decided to divest its European operations. Revolve says it has a diverse portfolio of multi-tier automotive and non-automotive clients across a broad spectrum of industries including car and commercial vehicles, transportation, infrastructure, agriculture, defence and energy. Dave Leggett recently spoke to John Mitchell, Managing Director, and Chairman Andrew Williams, to find out more about the business.
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The Chinese Opel bidder Beijing Automotive's (BAIC) plan to idle production at the company's Eisenach plant in Germany for two years following a takeover could effectively ruin productivity there, a senior labour leader has said.
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Schreiner ProTech today announced that Autoliv, the worldwide leader in automotive safety systems, has selected Schreiner ProTech's new noise-control labeling system for automotive seat belt buckles they produce. The unique labels are specially designed to reduce noises produced by the individual components within the buckle hitting against each other during engagement, as well as when the vehicle is in motion.
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Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that it has signed a $10.2 Million contract for Phase III development of plug-in hybrid powertrains for Fisker automobiles. This contract will enable Quantum to manage production validation of the Q-Drive plug-in hybrid system and ready it for volume production in 2010.
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The German state of Thuringia, which is helping finance Opel operations, strictly opposed a plan by Beijing Automotive (BAIC) to take over the carmaker using EUR2.64bn (US$3.69bn) loaned and guaranteed in part by the German government, a report said on Tuesday.
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State-owned Beijing Automotive (BAIC) faces long odds in its bid to buy Opel, as China remains wary of firms taking over foreign automakers, according to influential Chinese magazine Caijing.
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Beijing Automotive Industry Corporation plans to build a US$2bn Opel factory in China and close the carmaker's Antwerp plant in Belgium if its bid for General Motors' European unit is successful, the Financial Times reported, citing people close to the situation.
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January-June passenger car and light commercial vehicle sales rose 3.92% year on year to 273,357 units, the Turkish Automotive Distributors' Association said on Monday.
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According to data released by JD Power Automotive Forecasting, car sales in Western Europe grew by 4.1% over last year in June, the first positive year-on-year result for over a year.
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Chinese state-owned automaker Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for Opel, sources familiar with the situation were quoted as saying on Friday.
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It still can't be considered a true revival of Canadian automotive sales, but moral is definitely up with several automakers, which have recorded an increase in sales during the last month. In fact, the Canadian average, a 13.2% drop, is the best recorded since the beginning of 2009.
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Reports suggest that Beijing Automotive Industry Holding Co (BAIC) may make a bid for Opel/Vauxhall.
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Preh, a leading supplier of automotive driver controls, sensors and electronic control units, has been awarded contracts to develop and produce the new electronic climate control system for the 2010 MY Ford Taurus and Ford Flex.
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