BMW September Sales, Level
7 Oct 2009, 09:47 UTC · By: Daniel Patrascu / German manufacturer BMW announced today it managed to surpass the sales registered in September 2008 with only 0.7 percent. The ninth month of the year brought the group 122,354 units sold and, even...
Opel Sale to Close on Monday?
6 Oct 2009, 07:30 UTC · By: Bogdan Popa / Magna International and Sberbank, the Russian partner that will help it take over a 55 percent stake in Opel, are expected to close the deal early next week, probably on Monday or Tuesday. Negotiati...
Hummer Brand to Be Sold in Days
5 Oct 2009, 09:02 UTC · By: Bogdan Popa / Negotiations between General Motors and China's Sichuan Tengzhong Heavy Industrial Machinery continue and a final agreement is expected to be signed in a few days. The South China Morning Post ...
Old GM, Ready to Liquidate by Mid-2010
5 Oct 2009, 06:25 UTC · By: Daniel Patrascu / The leftovers American manufacturer GM left behind, united under the Motors Liquidation name, will be ready for liquidation by mid-2010, according to Al Koch, the man in charge with the company. At ...
Saturn Sale to Complete This Week
29 Sep 2009, 13:24 UTC · By: Daniel Patrascu / The sale of Saturn to Penske may conclude as soon as tomorrow, according to a report published by a US paper. The announcement of the sale is expected to be made as soon as Thursday, as previously h...
UK Asks for EU Decision on Opel Sale
14 Sep 2009, 13:32 UTC · By: Bogdan Popa / Things are getting more complicated for Magna every hour as several countries hosting Opel factories are asking for EU's investigation over the deal. British Business Secretary Peter Mandelson ...
Tengzhong Wants Hummer, Despite Regulatory Rejection
8 Sep 2009, 09:19 UTC · By: Daniel Patrascu / The courtship between Chinese manufacturer Tengzhong and GM's last standing "bad asset," Hummer, continues, apparently without resolution. In the latest development, the Chinese said ...
Koenigsegg Submits New Financing Plan
7 Sep 2009, 12:43 UTC · By: Daniel Patrascu / Swedish manufacturer Koenigsegg Group AB submitted its new financing plan for the purchase of the former GM unit, Saab. According to State Secretary Joran Hagglund, speaking to Reuters, the new plan...
GM Delphi Assets Buy Approved
4 Sep 2009, 09:57 UTC · By: Daniel Patrascu / United States anti-trust officials approved yesterday GM's attempt to buy certain assets of the now bankrupt American supplier Delphi. The assets at stake are Delphi's global steering busi...
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...
Hummer Sale, Agreed This Week?
24 Aug 2009, 10:51 UTC · By: Daniel Patrascu / American manufacturer GM may get rid of yet another asset as soon as this week, as reports say the company together with Chinese buyer Sichuan Tengzhong Heavy Industrial Machinery may sign an agreem...
GM and Koenigsegg Sign Stock Purchase for Saab
18 Aug 2009, 08:19 UTC · By: Daniel Patrascu / Unlike the other GM European unit, Opel, Saab's sale seems to go much smoother, as today GM announced a new step was taken for completing the sale of the Swedish manufacturer. Together with buy...
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...
Opel Negotiations Could Take "Longer Than Expected"
31 Jul 2009, 10:35 UTC · By: Bogdan Popa / Is somebody out there who still believes Opel will be sold soon? Because this sounds like a neverending story, as reports on the matter keep coming, revealing all kind of deadlines for the German ma...
Delphi Sold to GM, Lender Group
31 Jul 2009, 07:04 UTC · By: Daniel Patrascu / The four year long bankruptcy of American supplier Delphi concluded yesterday with the approval for the sale of its assets to General Motors and a group of lenders. In exchange for the sale, the len...
Delphi Sale to Be Decided Today
30 Jul 2009, 09:38 UTC · By: Daniel Patrascu / The almost four-year long bankruptcy process of American part supplier Delphi may end today, as the bankruptcy court is expected to rule whether the sale process is a go or not. The court ruling is ...
Porsche Announces Sale of Options on VW Shares
29 Jul 2009, 15:17 UTC · By: Daniel Patrascu / As a result of last week's announcement that German manufacturers Porsche and Volkswagen have reached a preliminary merger agreement, the former has today issued a press release stating it has ...
RHJ Ends Metaldyne Purchase Agreement
28 Jul 2009, 09:27 UTC · By: Daniel Patrascu / As we announced in mid-june, Belgium holding RHJ International submitted an offer for the acquisition of Metaldyne powertrain and operating assets, as well as stock of its foreign subsidiaries. ...
GM to Exit Bankruptcy on Thursday
8 Jul 2009, 13:57 UTC · By: Daniel Patrascu / Much faster than initially predicted, American manufacturer GM, or General Motors Company, as it will be called from now on, is getting ready to exit bankruptcy tomorrow, as soon as the court'...
Daimler Sets Sales Record in China
7 Jul 2009, 13:08 UTC · By: Daniel Patrascu / Daimler joins the ranks of German manufacturer who are more than pleased with how things are going in China. The company has posted record sales in the country in June, with total deliveries amounti...