Volkswagen Acquires 49.9 Percent in Porsche
8 Dec 2009, 08:22 UTC · By: Daniel Patrascu / Just as expected last week, after Volkswagen's shareholders approved the capital increase, the German group moved on to its next step towards the integration with Porsche and announced the acqu...
Audi Announced Share Purchase in FC Bayern Munchen
26 Nov 2009, 16:12 UTC · By: Alex Vasile / Audi announced that, despite the recession, it has bought a stake in FC Bayern Munchen, the German football team. This is meant to tighten the relationship between the two, as Audi has sponsored the...
Renault Allowed to Increase AvtoVAZ Stake
12 Nov 2009, 11:24 UTC · By: Bogdan Popa / As part of the AvtoVAZ restructuring process, the French carmaker Renault will be allowed to increase its stake in the Russian company. Renault currently holds 25 percent of AvtoVAZ and the Russian ...
Volkswagen to Take 49.9 Percent of Porsche
21 Oct 2009, 07:34 UTC · By: Daniel Patrascu / Things seem to come into place for German carmakers Porsche and Volkswagen, as the latter announced today it will begin the merger process by taking, at first, a 49.9 percent stake in Porsche. After...
Suzuki Denies Talks with Volkswagen
30 Jun 2009, 07:44 UTC · By: Bogdan Popa / Suzuki's CEO yesterday denied rumors about potential talks between the Japanese manufacturer and Volkswagen saying the Germans were interested in taking over a 10 percent stake in Suzuki. Last ...
Porsche Say "No" to Volkswagen
29 Jun 2009, 13:47 UTC · By: Daniel Patrascu / After earlier today we presented you Porsche's response to Volkswagen alleged ultimatum, it's time for yet another news from the German front. According to a report by German Press agency,...
Qatar to Decide on Porsche in Two Weeks
17 Jun 2009, 10:46 UTC · By: Daniel Patrascu / The outcome of a possible deal between German manufacturer Porsche and Qatar based investors may be announced in two weeks time, Sheikh Hamad bin Jassem al-Thani, the country's prime minister t...
GM Wants 30 Percent Share in Fiat
7 May 2009, 10:27 UTC · By: Daniel Patrascu / Twisted are the ways of the financial crisis...The automotive industry is currently going through what may very well be the most exciting times, in terms of new and fascinating developments at least...
Daimler Agrees to Cease Stake in Chrysler
28 Apr 2009, 07:25 UTC · By: Bogdan Popa / Daimler AG today announced that it has decided to unload its stake in Chrysler and erase all debts, "which were already written off in the 2008 financial statements". Furthermore, the Germ...
The Emir of Qatar Eyes Porsche Stake
27 Apr 2009, 15:02 UTC · By: Bogdan Popa / After several media reports hinted that certain parties based in Qatar might be interested in investing in the German auto industry, an article published by German magazine Focus claims the Emir of ...