Mitsubishi May Not Be what PSA Needs
4 Dec 2009, 08:32 UTC · By: Alex Vasile / No need to worry, PSA is not in trouble, but it could be pretty soon. The French automakers want to get a piece of all the action that’s been happening in Asia. PSA, which is mainly concentrat...
Beijing Auto Says the Saab Deal is Not Over
30 Nov 2009, 07:38 UTC · By: Alex Vasile / Beijing Automotive Industry Holding Corp is still interested in buying Saab, said the Chinese car company's general manager. As reporters tried to get more information about BAIC’s intent...
Dealers Affected by GM’s Decision to Close Saab
25 Nov 2009, 08:54 UTC · By: Alex Vasile / General Motors spokeswoman Ryndee Carney said two weeks ago that if the deal with Koenigsegg failed, GM would have to close down all brand operations and all the US dealerships. And just when everyb...
Volkswagen Deal with Karmann to Be Decided in Two Weeks
28 Oct 2009, 10:17 UTC · By: Alex Vasile / Without founding, German coachbuilder and convertible roof-top specialist is about to close business in early November. The company had a real important relationship with Volkswagen in the past, and...
Spain Gives Green Light to Magna-Opel Deal
26 Oct 2009, 19:16 UTC · By: Daniel Patrascu / A piece of good news came for Canadian parts maker Magna from Spain today, as one major obstacle was overcome. The Zaragoza facility workers have agreed to accept the proposed job and production cut...
GM to Discuss Opel's Troubled State
20 Oct 2009, 10:28 UTC · By: Daniel Patrascu / Speculation about a possible Plan B from American carmaker GM to keep Opel, in case Magna fails to take over, regardless of the reason, may be taken to a whole new level after today's GM board ...
Germany Denies EU Allegations on Opel Deal
17 Oct 2009, 20:54 UTC · By: Daniel Patrascu / The recent concerns raised by European officials that the deal between German carmaker Opel and Canadian supplier Magna may be contrary to the European Union’s competition rules will not enda...
Hummer-Tengzhong Deal Still Raises Eyebrows
13 Oct 2009, 08:30 UTC · By: Daniel Patrascu / The recently announced definitive agreement between American manufacturer GM and non-automotive Chinese company Tengzhong has reignited the dispute over whether this is the best solution possible fo...
China Approves GM-Delphi Deal
29 Sep 2009, 08:58 UTC · By: Daniel Patrascu / As we reported late last week, the Chinese authorities were beginning to look into the GM-Delphi takeover, in an attempt to see whether the new company to be formed would have resorted to discrimina...
Tengzhong-Hummer Deal Terms Leaked
27 Aug 2009, 07:58 UTC · By: Daniel Patrascu / With the signing of a final deal between American manufacturer GM and potential Hummer buyer Tengzhong rumored to be days away, the alleged terms of the future deal between the two sides have hit Ch...
GM and Magna Move Closer Together
5 Aug 2009, 12:51 UTC · By: Daniel Patrascu / With a final decision on the future of German manufacturer Opel looming, reports started coming in saying American manufacturer GM and Magna have already began narrowing the gap between their points...
Penske-Saturn Deal on Track
30 Jul 2009, 08:28 UTC · By: Daniel Patrascu / Unlike its European counterpart Opel, American brand Saturn has not caused much of a stir in the States when it was put up for sale. And, again, unlike Magna's now uncertain takeover of Opel, P...
Hummer Only Wants Money From Tengzhong
25 Jun 2009, 07:27 UTC · By: Daniel Patrascu / The somewhat controversial choice GM made for its Hummer brand, when it chose Chinese company Tengzhong as the winner of the Hummer bid, is slowly crawling to a conclusion. After several reports sta...
Porsche Confirms It Backs Qatar Deal
17 Jun 2009, 19:12 UTC · By: Daniel Patrascu / As we reported a few hours ago, Sheikh Hamad bin Jassem al-Thani, Qatar's prime minister told the Gulf Times that his country is expecting a definitive answer regarding Qatari involvement in Ge...
No Winner on Opel Lottery
28 May 2009, 06:57 UTC · By: Daniel Patrascu / The months of talks, bids and threats regarding the future of German manufacturer Opel have accounted for nothing so far, as the talks held yesterday between the involved parties have not reach any ...
UAW to Own 55 Percent in Chrysler
28 Apr 2009, 12:12 UTC · By: Daniel Patrascu / After late last night UAW local chiefs approved, unanimously, the labor concessions proposed by Chrysler (the cutting of cash payments to a retiree fund), rumors surfaced today that the UAW agreed t...
Chrysler Will Leave Canada If CAW Deal Is Not Reached
18 Mar 2009, 15:58 UTC · By: Daniel Patrascu / Precaution is Chrysler's middle name these days, as the March 31st deadline draws ever closer. The American manufacturer is covering its exposed... back and plans to pull out of its Canadian ba...
BMW-Daimler Cross Ownership Will Not Happen
18 Mar 2009, 07:46 UTC · By: Daniel Patrascu / The rumors that surfaced last week about BMW and Daimler seeking cross ownership in order to cut cost thus better coping with the economic crisis were confirmed today by Der Spiegel. Even so, this d...