Fiat SpA plans to take control of General Motors Europe without taking on new debt, German Economy Minister Karl-Theodor zu Guttenberg said on Monday, following talks with Fiat's CEO Sergio Marchionne.
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Fiat CEO Sergio Marchionne has outlined an "interesting" plan to create Europe's biggest carmaker but will need 5-7 billion euros in financial support from governments, Germany's economy minister said.
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Fiat S.p.A. plans to take control of General Motors Europe without absorbing new debt, German Economy Minister Karl-Theodor zu Guttenberg said today, following talks with Fiat CEO Sergio Marchionne.
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Fiat CEO Sergio Marchionne has outlined an "interesting" plan to create Europe's biggest carmaker but will need 5-7 billion euros in financial support from governments, Germany's economy minister said.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
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Its likely that insolvent German auto parts supplier Edscha will be sold in an auction to various investors in two to four months' time, its court-appointed administrator said in an interview with a German newspaper.
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Whitby, Ontario. BMW Group Canada (BMW and MINI Brands combined) sold 2,297 vehicles in April 2009, down 17% compared to April 2008. Year-to-date sales for BMW Group Canada are 6,621 units, down 9% compared to the same period last year. BMW Brand: The new 7 Series and X6 lead the way with sales increases.
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Economy Minister Karl-Theodor zu Guttenberg said on Sunday Italian automaker Fiat S.p.A. -- and any investor -- must present a solid long-term strategy to keep Opel plants open to obtain German government support.
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About 10,000 auto dealers and an untold number of suppliers will be eligible for federally backed loans of up to $2 million each under a new Obama administration program announced today.
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Parts shortages closed Chrysler's two Canadian plants this afternoon. The plants, in Brampton, and Windsor, Ontario, build some of Chrysler's most popular vehicles, including the minivans and Dodge Challenger sports coupe.
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Nissan, Toyota and Subaru posted their steepest sales declines of the year in April, possibly undermining analysts' predictions that industrywide demand would rise from the depressed levels of February and March. Ford Motor Co.
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BMW-owned Mini is appealing to Britons' sense of patriotism and urging British buyers to use the scrappage incentive to opt for British-built Minis and help the UK economy.
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Chapter 11 is this lovely legal device which allows American companies that are dead to pretend that they are not. A Chapter 11 administrator for GM will - like the pet shop owner in the celebrated Monty Python sketch - be able to reassure customers that GM is not dead but has just been resting.
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Italian Industry Minister Claudio Scajola has welcomed news of a deal between Chrysler LLC and Fiat, saying he would work to facilitate dialogue with Italian trade unions.
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More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.
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More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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Italian Industry Minister Claudio Scajola welcomed on Thursday news of a deal between Chrysler LLC and Fiat , saying he would work to facilitate dialogue with Italian trade unions.
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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an Obama administration official said Thursday.
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