Kroyman’s Ferrari Collection Sold
6 Feb 2010, 05:33 UTC · By: Alex Vasile / Whoever thought that the recession will not affect luxury car dealers was dead wrong. Unfortunately, due to the sales drop, a lot of dealers from around the world were forced to close down their fac...
Saab and Volvo. Return of the MILFs...
28 Jan 2010, 06:47 UTC · By: Charles Darveight / … Saab engineers, who were already paid with money that don't exist, can now open the champagne bottles. The cheerful gang of 3,400 people, all Swedish and all brave and intelligent, wil...
Pontiac and Saturn Prices Slashed by 46%
29 Dec 2009, 15:55 UTC · By: Alex Vasile / If you’re in the market for a great deal one a new car, this might just be your lucky day. Forget about Japanese models or hybrid cars and head over to the Pontiac and Saturn dealerships. A...
Ford Seals Deal with Geely, Volvo to Be Sold in 2010
23 Dec 2009, 12:01 UTC · By: Daniel Patrascu / As we told you in an earlier report today, American manufacturer Ford officially announced it has settled all the terms of a future agreement with Chinese company Zhejiang Geely Holding Group for th...
Rare Lamborghini Reventon Auctioned on eBay
16 Dec 2009, 13:27 UTC · By: Alex Vasile / If extremely expensive and rare supercars should or shouldn’t be driven, that’s a really long discussion. But the fact is that most rare cars, like the Lamborghini Reventon, spend most o...
Last Chrysler-Fiat Opponents, Take Two
15 Dec 2009, 14:28 UTC · By: Daniel Patrascu / Even if the deal between the former bankrupt American manufacturer Chrysler and Italian group Fiat has been sealed for quite some time, those opposing the asset sale still have a chance at overtur...
Fiat Chairman Says Alfa Romeo Is Not for Sale
15 Dec 2009, 10:22 UTC · By: Alex Vasile / A few days ago a rumor emerged that the Italian brand Alfa Romeo is about to be bought by German manufacturer Volkswagen. As a response, Fiat S.p.A. Chairman Luca di Montezemolo said Alfa Romeo is n...
Saab Hopes to Dodge BAIC Sale
8 Dec 2009, 15:00 UTC · By: Daniel Patrascu / The noose is tightening around Saab's neck, as more and more fervent reports hint its current owner, GM, is in advanced talks with China's largest manufacturer, BAIC, for the sale of certa...
GM: Buyer or Bye Saab!
2 Dec 2009, 09:31 UTC · By: Bogdan Popa / As we're sure you know, Koenigsegg recently decided to scrap plans to purchase the Swedish unit Saab, leaving General Motors with only a few options. The US-based manufacturer announced that a ...
Investment Banking Firm to Help in MV Agusta Sale
20 Nov 2009, 07:53 UTC · By: Alina Dumitrache / American motorcycle manufacturer Harley-Davidson announced that it has selected BNP Paribas, a Milan-based investment banking firm, to help in the sale of MV Agusta. The manufacturer is currently an...
Volvo - Geely Sale Talks Move to Sweden
18 Nov 2009, 08:24 UTC · By: Bogdan Popa / Talks between Ford and Geely are making progress so Chinese manufacturer's officials traveled to Sweden this week to discuss the terms of the deal. The Chinese group will meet in Gothenburg and...
American IronHorse Name and Trademarks Up for Sale
13 Nov 2009, 13:11 UTC · By: Alina Dumitrache / Texas motorcycle manufacturer American IronHorse is about to end its journey for good after Streambank, an advisory firm specializing in the sale of intangible assets, announced it is ready to sell ...
Porsche Cayenne Hybrid to Hit Australia by 2011
12 Nov 2009, 07:38 UTC · By: Alex Vasile / Porsche Cayenne Hybrid is expected to hit Australian markets by the end of 2010, an information that was confirmed by Porsche Cars Australia chief Michael Winkler. “We believe it (the Caye...
GM's Plan B: Keep Opel
19 Oct 2009, 12:13 UTC · By: Bogdan Popa / Opel's sale to Magna International is getting more complicated every hour as rumors concerning the transaction are now hinting that General Motors could keep the German brand in case the EU blo...
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...
Metaldyne Assets Sold
17 Oct 2009, 21:01 UTC · By: Daniel Patrascu / American supplier Metaldyne completed the sale of most of its assets, following the bankruptcy filling in May. The remaining assets were sold to MD Investors Corp., a group led by private equity fir...
Opel Sale Delayed?
15 Oct 2009, 13:44 UTC · By: Bogdan Popa / The whole automotive industry was expecting to see Opel stepping under Magna ownership today but it appears the sale might be delayed one day or two because the Canadian - Austrian partsmaker is yet...
GM to Get Rid of Opel on Thursday
13 Oct 2009, 10:38 UTC · By: Bogdan Popa / It appears this is the last week when we're talking about Opel as a General Motors company as the US-based manufacturer will most likely sell its German brand these days. Furthermore, sources c...
Opel Sale to Be Closed This Week
12 Oct 2009, 15:25 UTC · By: Bogdan Popa / We've heard that before but this time it looks serious. Opel union boss Klaus Franz revealed that Magna International is on track to take over 55 percent of the German brand this week but admit...
Hummer Sold to Tengzhong
12 Oct 2009, 06:31 UTC · By: Daniel Patrascu / The almost half-of-year long negotiations between American manufacturer GM and the Chinese Hummer suitor Tengzhong concluded this past weekend with the signing of a definitive agreement between the ...