Industry
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Late last month reports emerged that GM's sale of Opel to a consortium of buyers led by Magna International and Russia's Sberbank could be done as early within weeks. Since then, the deal hasn't quite come to completion, undergoing scrutiny from the EU for fairness in the bidding process. Today, GM made all the hubbub around the Opel sale meaningless by announcing it has decided to keep the brand. GM CEO Fritz Henderson summed up the decision succinctly: "This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future." He also acknowledged...
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Ford Posts First Quarterly Profit In North America Since 2005Ford North America is up $357 million for the third quarter of 2009.
Nelson Ireson -
BMW Joins Forces With Carbon Fiber Manufacturer For Megacity Vehicle
Leaning heavily on lightweight composites will help BMW reach its goal of green emissions and construction for the Megacity Vehicle.
Nelson Ireson -
Ford Says Geely Closer to Winning Volvo
Global industry shift accelerates as China's car industry comes closer to a big prize in Volvo.
Martin Padgett -
Fisker Picks Delaware Plant For New Hybrid Vehicle Production
Fisker’s next model, due in 2012, will be a $39,000 plug-in hybrid mid-size sedan.
Viknesh Vijayenthiran -
Early Look At Fiat And Chrysler’s U.S. Model Roll Out
The success of the Fiat-Chrysler partnership will depend on how Chrysler copes with the next two years.
Viknesh Vijayenthiran -
PSA/Peugeot Citroen and BMW have been sharing engines for years now, but Peugeot boss Phillippe Varin wants to take it to the next level.
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J.D. Power Reports October Sales Close To Matching Pre-Economic Crash Levels
The segment with the most growth in October 2009 was pickup trucks, which saw levels rise to 14% over 2008 levels.
Viknesh Vijayenthiran -
Report: Volkswagen Looking To Acquire Karmann
Karmann entered insolvency earlier this year but there’s hope a new deal with Volkswagen may revive the company.
Viknesh Vijayenthiran -
Saab Gets $600 Million Loan From European Investment Bank
The European Investment Bank loan is contingent on a state guarantee from Sweden.
Viknesh Vijayenthiran -
2009 Tokyo Motor Show Coverage
The 2009 Tokyo Motor Show opens on the 24th of October 2009.
Viknesh Vijayenthiran -
2010 Geneva Motor Show Will Be A Packed House
The 2010 Geneva Auto Show will kick off on March 4 of next year.
Viknesh Vijayenthiran -
While DesignworksUSA is not just pigeonholed to the auto industry, its influences can be seen in BMW’s cars.
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What Your Car Says About You
A new study run by San Diego-based market research firm Strategic Vision has found some very interesting results.
Viknesh Vijayenthiran -
Mercedes-Benz Offers Sharia-Friendly Financing In Middle East
Islamic law, or Sharia, prohibits its followers from charging or collecting interest fees when money is lent or accepted.
Viknesh Vijayenthiran -
Aston Martin Hires Former Tesla Exec To Help Boost Global Sales
The next couple of years are very important for Aston Martin as the company continues to execute an ambitious model roll-out during one of the worst periods in the entire history of the automotive industry.
Viknesh Vijayenthiran -
Luxury Automakers Failing To Take Full Advantage Of Social Media
The study was run by MH Group Communications and Forum Strategies & Communications, based out of New York.
Viknesh Vijayenthiran -
Marchionne: Chrysler Profitable By 2011
As a public company, Chrysler will have to release quarterly financial statements once again.
Viknesh Vijayenthiran -
Stay tuned for an update following the November 4 announcement.
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Susan Docherty Replaces Mark LaNeve As Vice President U.S. Sales At GM
Susan Docherty will leaving her former post as head of Buick-GMC.
Viknesh Vijayenthiran -
Lamborghini Opens Advanced Composite Structures Laboratory
The Automobili Lamborghini Advanced Composite Structures Laboratory will provide the setting for testing and machining of carbon-fiber materials.
Viknesh Vijayenthiran -
Saab Sale To Koenigsegg Gets $610 Million Backing From Sweden
Sweden will guarantee the European Investment Bank loan sought by Koenigsegg to buy Saab.
Nelson Ireson -
Report: U.S. Group New Contender For Volvo
A U.S.-led group wants to buy the Volvo brand from Ford according to a new report.
Nelson Ireson -
Incentives On Premium Sports Cars Reach New Record In September
The biggest savings come from special low-interest rates on car loans, which in some cases have seen buyers saving up to $30,000 on some models.
Viknesh Vijayenthiran
