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Showing 20 results out of 10000
News

US/SWEDEN: No Saab-Spyker deal yet - GM chief

General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon".

News

LUXEMBOURG: Genii abandons Saab bid

Genii Capital has withdrawn from from bidding for General Motors' Saab unit saying last night "that the timing of the bidding process for Saab is incompatible with implementing a solid business platform for the future."

News

CHINA: Beijing plant would double Volvo output

Geely Zhejiang Holdings plans to almost double Volvo Cars' annual global production with a new factory in Beijing as part of its plan to put the Swedish automaker back in profit by 2011, a media report on Tuesday said.

News

EXCLUSIVE: SPAIN: GM Figuerelas safe until 2016 - union

Opel’s Spanish factory in Figuerelas expects to function at full capacity until 2016 as it gears up to make the redesigned Meriva minivan/MPV and the next generation Corsa supermini and Combo minivan models, according to trade union officials.

News

ITALY: Fiat warns on profit outlook

Fiat's automotive division achieved revenues of EUR26.3billion in 2009, 2.4% below 2008's level, on a total of 2,150,700 cars and light commercial vehicles delivered. Fiat also warned that the removal of incentives in Europe could hit it particularly hard.

News

BELGIUM: Antwerp union sues Opel

Belgian unions have sued General Motors' Opel for breach of contract with workers after the automaker last week decided to close its Antwerp plant and build a forthcoming SUV at GM Daewoo in Korea.

News

US: Ford confirms Explorer for Chicago

Ford announced on Tuesday it would will build the next-generation Explorer SUV at its Chicago assembly plant starting in the fourth quarter of this year, and bringing about 1,200 new jobs to the region.

News

SOUTH KOREA: Hyundai, Kia, show global strength

Hyundai affiliate Kia Motors did exceptionally well in 2009 taking its share of the world market to a record 2.6%, the Korea Times reported. Parent Hyundai is yet to report its 2009 sales figures but the newspaper estimated the two brands would have an 8% share of the global market.