Tag Archive
Luxury Carmakers Stabilizing In Europe – US-FOREX.US
Luxury carmakers appear to be moving ahead of their mid-market counterparts in Europe. Analysts at investment bank JPMorgan say premium car sales in Western Europe are finally finding a bottom.”The share of total luxury car sales in Western Europe continues to improve, month-on-month, to 16.3% in June, versus 16.1% in May 2009 and 15.9% in… »
Renault Vive La Cash- US-FOREX.US
Renault’s efforts to keep a tight rein on its cash seem to be paying off. The French carmaker said Friday that car sales fell 13.7% in the first half of the year, but it had also achieved “significantly positive free cash flow.” Other European carmakers like Volkswagen and BMW are expected to end the year… »
Porsche VW Seen Close To Deal – US-FOREX.US
It looks like the auto industry’s biggest soap opera is almost over. German carmaker Volkswagen is on the verge of buying half of Porsche’s car-making business, according to German press reports, while the sheikh of Qatar is buying a stake in Porsche and options that control 20% of Volkswagen shares, from Porsche. This could put… »
Fiat Eyes Another Struggling Carmaker – US-FOREX.US
Fiat is going on another shopping spree of troubled auto companies. The Italian carmaker confirmed on Tuesday that it was interested in acquiring the struggling industrial arm of boutique car maker Bertone. “We will express our interest in Bertone’s industrial assets before the deadline on Thursday,” a Fiat spokesman said. Berton is a boutique company… »
Someones Feeling Lucky On Opel – US-FOREX.US
As Adam Opel, the struggling European arm of General Motors, runs out of time and options to find a buyer, it emerged on Monday that the investment fund RHJ International was aggressively seeking a deal to buy the firm.RHJ International has pledged to keep all of Opel’s German plants open and said it would also… »
Collision Course – US-FOREX.US
Hugo Spowers is an inventor with a dream-perhaps an impossible one. After nearly a decade of mighty labor and no little expense, he has built a hydrogen-fuel cell car-albeit one so tiny it’s more like a buggy. If the money holds out, he intends to make 50 more of them and then test market the… »
Jaguar Roars Into India – US-FOREX.US
Indian carmaker Tata Motors is taking a gamble in its goal to revamp struggling British brands Jaguar and Land Rover, which it bought in June last year, after launching them with much fanfare in Mumbai on Sunday.Jaguar was previously a Ford Motor property, sold off in anticipation of a cash crunch. Ford’s Jaguar diverstiture is… »
Tata Wants Jaguar To Roar In India – US-FOREX.US
Tata Motors may have launched Jaguar and Land Rover to much fanfare in Mumbai on Sunday, but the Indian carmaker is also taking a gamble in its goal to revamp the struggling British brands it bought in June last year. Tata has said that it wants to target India’s wealthy, but growth in the country’s… »