BorgWarner Takes Over Haldex Traction Systems
3 Feb 2011, 06:21 UTC · By: Daniel Patrascu / The expansion of one of the biggest suppliers in the US, BorgWarner, will continue in 2011 at perhaps a faster pace than in the year before. One sign that expansion is the direction chosen by the co...
Hertz Sells Rental Cars Online
26 Jan 2011, 13:14 UTC · By: Daniel Patrascu / Bargain chasers, get your computers up and running, because this might be an offer you can't refuse. Hertz, one of the biggest rental companies in the world, decided to make an extra buck from ...
Mohammed al Fayed's Car Collection for Sale
26 Jan 2011, 06:39 UTC · By: Daniel Patrascu / Back in 2009, probably for the first time in history, being rich was much more complicated and painful than being poor. The crisis hit, and hit hard, especially those who had a hell of a lot to lose...
Volkswagen Leads European Fleet Sales
6 Dec 2010, 14:44 UTC · By: Daniel Patrascu / The largest car maker in Europe and at the same the biggest competition Toyota has for the number 1 spot in the world announced today the sales figures for the continent. The car maker says it manag...
Porsche's Share Sale Has Shareholders' Support
1 Dec 2010, 09:48 UTC · By: Andrei Costea / Porsche investors approved a EUR5 billion stock sale to reduce the company's debt prior to its merger with Europe's largest carmaker, Volkswagen AG. Company shareholders voted in favor of ...
Huge Luxury Car Collection for Sale
18 Nov 2010, 13:37 UTC · By: Daniel Patrascu / If the Christmas shopping mood already engulfed you, you have more than a handful of millions to spend and Harrods has nothing to your liking to offer, then you might want to check our shopping list...
Fiat to Sell Ferrari Before Chrysler Merger
16 Nov 2010, 07:53 UTC · By: Andrei Costea / Despite completely dismissing rumors of Fiat wanting to sell some of the shares it holds in Ferrari in recent months, Fiat CEO Sergio Marchionne has just informed investors that the company plans to...
Lower Saxony Considers Selling VW Shares
2 Aug 2010, 14:17 UTC · By: Daniel Patrascu / In light of the efforts made to cut the state's budget deficit, Lower Saxony was expected to announce sometime today its decision to sell some of the shares it holds in German manufacturer Volk...
Nissan March Goes on Sale
13 Jul 2010, 07:20 UTC · By: Daniel Patrascu / The moment Japanese manufacturer Nissan was waiting for is here, as the March (or Micra, as it is known worldwide), the so called global compact car, has entered dealerships across Japan. The new Ma...
Spyker Completes Saab Purchase
6 Jul 2010, 06:39 UTC · By: Daniel Patrascu / Nearly five months after Dutch supercar manufacturer Spyker announced it decided to purchase GM's Swedish unit Saab, the sale has been completed. Spyker announced yesterday it has paid GM the s...
Spyker Buys Saab UK Dealership Network
1 Jun 2010, 13:37 UTC · By: Daniel Patrascu / As the relationship between Spyker and Saab grows stronger, the former announced yesterday it has completed the purchase of the UK dealership network belonging to the former GM unit. Saab Great Brit...
Mecum Auction Sells Over 1,000 Vehicles
28 May 2010, 10:39 UTC · By: Daniel Patrascu / The 23rd Annual Original Spring Classic Mecum Auction is proof enough that the economic crisis is just a scarecrow for the poor. The event managed to rid itself of over 1,000 vehicles at the sale he...
GMAC Sells European Operations to Fortress
13 Apr 2010, 09:21 UTC · By: Daniel Patrascu / American financial institution GMAC announced yesterday it has decided to sell its European mortgage assets and businesses to Fortress Investment Group. Or rather, to certain funds managed by affili...
Hummer Talks with Potential Buyers Stalled
19 Mar 2010, 09:39 UTC · By: Alex Vasile / It seems that Hummer won’t be leaving the General Motors Company any time soon, as talks with potential buyers have been stalled, Dow Jones Newswires reported today. Unfortunately Hummer spoke...
Daimler Sells Bus Fleet to Italy
11 Mar 2010, 16:30 UTC · By: Alex Vasile / Fleet sales are extremely important whether we talk about cars, trucks or buses, especially in times of recession. As selling has became more and more difficult, Daimler Buses has just announced an ...
A1 GP Assets Offered for Sale
11 Mar 2010, 09:51 UTC · By: Ovidiu Panzariu / The A1 GP World Cup of Motorsport will no longer be in 2010. Although some have hoped that the series would be revived by its owner Tony Teixeira in the near future, it was today confirmed that all ...
Saab Sale to Spyker Complete
23 Feb 2010, 17:10 UTC · By: Daniel Patrascu / In a very exciting news for the Trollhattan manufacturer, American manufacturer GM announced today it has completed the sale of Saab to Spyker Cars NV. Simply put, from today, Saab is part of Spyker...
Fenton Plant to Be Revived...
16 Feb 2010, 09:33 UTC · By: Daniel Patrascu / ...but not necessarily in Chrysler's hands. According to sources talking to BizJournals, President Obama’s car czar Ed Montgomery will visit Fenton this Thursday to announce a $1.6 millio...
Kia Secures Fleet Deal in the UK
10 Feb 2010, 16:19 UTC · By: Alex Vasile / Kia not only registered a great 2009 in the US, but also has a great start in 2010. The Korean manufacturer has just recorded its best-ever January sales in the UK, delivering 5030 cars to their cus...
Volvo to Miss February 14 Sale to Geely
9 Feb 2010, 16:55 UTC · By: Daniel Patrascu / Ford's year-plus long attempt to sale its Swedish unit Volvo may get an extension and miss the February 14 deadline set together with Chinese projected buyer Geely, as negotiations seem to have...