Tag Archive
The Opel Saga Continues – US-FOREX.US
It had seemed like a done deal. Canadian auto parts supplier Magna said it had reached an agreement in principle with General Motors’ management over a contract to buy a stake in GM’s European unit Adam Opel. But on Friday, Opel’s other bidder, Belgium-listed holding RHJ International, said it is still “very much” in the… »
Magna Closing In On Opel- US-FOREX.US
The Adam Opel saga is finally coming to an end. Canadian auto parts supplier Magna has reached an agreement in principle with General Motors’ management over a contract to buy a stake in General Motors’ European unit Opel, according to reports.The news follows weeks of constant bickering between the bidders – including Italy’s Fiat and… »
Rocky Road For Russian Auto Sales – US-FOREX.US
European carmakers which had been pinning their hopes on tasty opportunities in the Russian car market will have to look elsewhere in the short term. “We do not expect any substantial improvements in the sales figures in the coming months while the government doesn’t plan to implement any additional incentive measures for car buyers,” analysts… »
Cash For Clunkers Works In Europe – US-FOREX.US
PSA Peugeot Citroën said on Tuesday that despite a sharp decline in sales during the first half of the year, it has seen the benefits of “cash for clunkers” programs that have been introduced across Europe. The incentive programs have slowed losses in countries like France and have boosted sales in Germany.Shares of PSA Peugeot… »