Bidder for Swedish carmaker Saab pulls out - Summary
Stockholm - The sale of Swedish carmaker Saab was halted Tuesday after the potential buyer said it had pulled out of talks, casting the future of the loss-making group into doubt. Jan Ake Jonsson, Saab chief executive, told Swedish radio news that e...
[Posted on :
2009-11-24 ] Category : [
Cars (General) ]
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Bidder for Swedish carmaker Saab pulls out
Stockholm - The sale of Swedish carmaker Saab was halted Tuesday after the potential buyer said it had pulled out of talks. Saab's current owner, US group General Motors (GM), confirmed the announcement by the Koenigsegg Group AB - which had previous...
[Posted on :
2009-11-24 ] Category : [
Cars (General) ]
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Daimler belittles 'Hitler state car' discovery
Stuttgart- Manufacturer Daimler deprecated reports that Nazi dictator Adolf Hitler's state car is about to be sold to a rich Russian, saying Tuesday that the vehicle had been just one of a pool of government VIP cars in Berlin. A dealer representing ...
[Posted on :
2009-11-24 ] Category : [
Cars (General) ]
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German Opel factories to stay open, GM chief says - Summary
Berlin - Two threatened Opel automotive plants in Germany have been reprieved from the threat of closure, General Motors' (GM) European Chief Executive Nick Reilly said Tuesday. The 9,400 staff at the Bochum and Kaiserslautern plants in western Germa...
[Posted on :
2009-11-24 ] Category : [
Cars (General) ]
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Audi starts assembling cars in Russia
Moscow - Volkswagen subsidiary Audi has started assembling cars in Russia, Itar-Tass news agency quoted the company as saying on Monday. Models A4, A5 and Q5 will be rolling off the production lines at VW's plant in Kalgua, the report said. Q7 and A6...
[Posted on :
2009-11-23 ] Category : [
Cars (General) ]
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EU ministers to hold peace talks over GM 'subsidies war'
Brussels- Officials from the five European countries with Opel and Vauxhall factories were to meet in Brussels on Monday to try to avert a fratricidal subsidies war amid the threat of huge job cuts. The meeting was arranged after General Motors Eur...
[Posted on :
2009-11-23 ] Category : [
Cars (General) ]
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VW unveils 25.8-billion-euro investment plan
Berlin - Europe's biggest carmaker Volkswagen AG on Friday unveiled a 25.8-billion-euro (38.2-billion-dollar) investment plan in the coming three years. The move came as the group also said it was acquiring the insolvent German auto parts group Karma...
[Posted on :
2009-11-20 ] Category : [
Cars (General) ]
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Seat reduces working hours of more than 7,000 employees
Barcelona - The Volkswagen subsidiary Seat will reduce the working hours of about two-thirds of its 11,000 Spanish employees to make up for declining demand, the company announced Thursday. The employees will rotate in working less hours until Seat b...
[Posted on :
2009-11-19 ] Category : [
Cars (General) ]
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Audi A5 awarded top German prize for design
Ingolstadt, Germany - The Audi A5 Sportback has been awarded the top German prize for design. The German Design Council said it would present the Design Award of the Federal Republic of Germany at the opening ceremony of the International Ambiente Fa...
[Posted on :
2009-11-18 ] Category : [
Cars (General) ]
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