http://www.just-auto.comLatest Financial industry news - from just-auto.com© 2009 All content copyright just-auto.com. Published by Aroq Ltd.Sat, 21 Nov 2009 01:57:17 GMTSat, 21 Nov 2009 01:57:17 GMTjust-auto.com - RSS feedjust-auto.comhttp://blogs.law.harvard.edu/tech/rss20Volkswagen's supervisory board has approved the contracts and final details for a staged takeover of Porsche.http://www.just-auto.com/article.aspx=102151Fri, 20 Nov 2009 08:40:00 GMTIf you turned the Jodrell Bank radio-telescope on its side and filled it with cornflakes to create one colossal breakfast bowl, you would still have fewer cornflakes than there are kilobytes residing in just-auto's automotive research archive. Dave Leggett dives in to the cornflakes, sorry kilobytes, in search of a few interesting factoids to brighten your Friday arvo (links are to articles freely available to all).http://www.just-auto.com/article.aspx=101965Fri, 20 Nov 2009 16:11:00 GMTGeneral Motors continues to defy the laws of natural selection. It is supposed to be the case that an organism that cannot hold out against its rivals and predators, eventually succumbs. GM has not succumbed, and shows no sign of doing so.http://www.just-auto.com/article.aspx=102132Thu, 19 Nov 2009 10:31:00 GMTPresident Barack Obama has told Fox News that he isn't opposed to GM using bailout funds from US taxpayers to fund its overseas operations.http://www.just-auto.com/article.aspx=102140Thu, 19 Nov 2009 16:47:00 GMTRussian automaker GAZ posted a net profit of 2.868 billion roubles in January-September on its component operations.http://www.just-auto.com/article.aspx=102124Wed, 18 Nov 2009 16:15:00 GMTAutoliv has said it is buying the North American airbag, seatbelt and steering wheel assets of Delphi Corp which has recently emerged from a four-year Chapter 11 bankruptcy.http://www.just-auto.com/article.aspx=102095Tue, 17 Nov 2009 10:38:00 GMTGM Europe's new head Nick Reilly is scheduled to meet with the UK government's business secretary and the Unite labour union today to discuss GM Europe's UK Vauxhall operations.http://www.just-auto.com/article.aspx=102099Tue, 17 Nov 2009 11:43:00 GMTAbu Dhabi's Aabar Investments PJSC reportedly wants to raise its stake in Daimler to 15 percent from 9.1 percent, according to remarks made by the fund's chairman.http://www.just-auto.com/article.aspx=102103Tue, 17 Nov 2009 12:22:00 GMTThe Board of Directors of GMAC Financial Services (GMAC) has named Michael A. Carpenter, a board member with extensive financial services experience, as its chief executive officer.http://www.just-auto.com/article.aspx=102093Tue, 17 Nov 2009 09:06:00 GMTHungarian axle maker Raba has posted its third consecutive net loss as third quarter sales fell by an annual 42.3% to 7.11 billion forints (US$40m).http://www.just-auto.com/article.aspx=102102Tue, 17 Nov 2009 12:10:00 GMTGM says it lost US$1.2bn in the third quarter after its July 10 exit from Chapter 11 bankruptcy in the US and said it would repay government loans early.http://www.just-auto.com/article.aspx=102081Mon, 16 Nov 2009 13:34:00 GMTGM, due to unveil its first post-bankruptcy earnings report on Monday, will start repaying US$6.7bn of the US$49.9bn in aid it received from the US Treasury by the end of the year, five years sooner than required, according to media reports in Detroit at the weekend.http://www.just-auto.com/article.aspx=102073Mon, 16 Nov 2009 10:57:00 GMTTata-owned Jaguar Land Rover (JLR) is expected to announce that it has secured a GBP170m loan from GE Capital.http://www.just-auto.com/article.aspx=102085Mon, 16 Nov 2009 14:50:00 GMTPorsche has announced a whopping EUR4.4bn pre-tax loss in its past fiscal year (ended July 31), a result that compares with an EUR8.6bn profit in the previous year.http://www.just-auto.com/article.aspx=102053Fri, 13 Nov 2009 09:31:00 GMTMark IV Industries, Inc. announced today that it has emerged from Chapter 11 as a newly reorganised company, eliminating approximately US$750m in debt and liabilities.http://www.just-auto.com/article.aspx=102066Fri, 13 Nov 2009 17:04:00 GMTGerman Economy Minister Rainer Bruederle has said that Opel has no need for state aid because it can finance restructuring by itself.http://www.just-auto.com/article.aspx=102055Fri, 13 Nov 2009 11:13:00 GMTBankrupt Visteon has received court approval for deals that will help it restructure operations and secure finance.http://www.just-auto.com/article.aspx=102057Fri, 13 Nov 2009 11:55:00 GMTPSA Peugeot Citroën said it has revised its 2009 forecasts significantly upwards due to the recent improvement in the automobile market and the ongoing success of new Peugeot and Citroën models.http://www.just-auto.com/article.aspx=102036Thu, 12 Nov 2009 12:07:00 GMTCarlos Ghosn has reiterated that he believes strong growth in emerging markets such as China will help Nissan return to profitability in the current financial year.http://www.just-auto.com/article.aspx=102042Thu, 12 Nov 2009 14:48:00 GMTTroubled Ssangyong Motor has reported its eighth straight quarterly loss for the third quarter of this year.http://www.just-auto.com/article.aspx=102039Thu, 12 Nov 2009 12:33:00 GMT