By Johan Ahlander and David BaileySTOCKHOLM/DETROIT (Reuters) - Tiny Dutch auto group Spyker SPYKR clinched a last-minute deal on Tuesday to buy Sweden's Saab, in an audacious attempt to turn around a money-losing brand that only days ago was headed for oblivion.Spyker, a company that was liquidated in the 1920s...
AMSTERDAM (Reuters) - Investment company Genii Capital has withdrawn from the bidding for General Motors' GM unit Saab, leaving Spyker Cars SPYKR as the sole remaining bidder to rescue the ailing Swedish auto brand.Genii Capital's bid had been backed by Formula One mogul Bernie Ecclestone and had said as recently...
On the eve of President Obama's first State of the Union address, we asked a number of top economists and commentators to assess his administration's stewardship of the economy. Here are the grades they gave him and their reasons. by Suzanne McGee
DETROIT (Reuters) - General Motors Co GM Chairman and acting Chief Executive Ed Whitacre will take the CEO role on a permanent basis, CNBC reported on Monday.The move has been seen as likely since Whitacre, 68, announced he would take over as acting CEO on December 1 when Fritz Henderson...
By Fang Yan and Edmund KlamannSHANGHAI (Reuters) - General Motors GM expects it will need to build a new greenfield manufacturing facility in the near future in China to accommodate strong growth in the world's largest auto market, but it will not be building a plant this year, its China...
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BloggingStocks: Who's ready for some football? The Super Bowl is this weekend, and you know what that means -- commercials that we will all be talking about on Monday morning. In fact, we all know someone who says they watch the game for the commercials.
CBS ... Read more
Ford, GM and other automakers may be rejoicing in the Toyota’s recall troubles, figuring it will help boost their own sales, but it may not be all good news for them.
Uncertainty tends to result in buying decisions being deferred and it will take some time for the impact of the recalls to filter through the [...]
BloggingStocks: All swans were thought to be white until someone happened to come across a black one. All Toyota's were thought to be well made until someone discovered, oh, say, maybe two million cars that might not be -- part of a cautionary vehicle recall.If you ... Read more
Moody’s is raising its base case forecast for global light vehicle unit sales in 2010 and 2011, boosted largely by improving economic prospects and sales growth trends in China, where 2009 sales surpassed expectations. Volume forecasts for North America, Europe and Japan remain virtually unchanged.
We expect the Chinese light vehicle market to remain on a [...]
Audit Integrity caused quite a stir among Research Recap readers a week ago with its ranking of Sirius XM Radio (SIRI) as the most risky media and entertainment company, based on its corporate governance practices. Now the company has received a number of upgrades by analysts in the last few days. So who’s right?
Audit Integrity’s [...]
In the past two months, two thirds of the Detroit-Three, Chrysler LLC (Auburn Hills, MI) and General Motors Corporation (Detroit, MI) (NYSE: GM), have both filed for bankruptcy after accepting billions in tax payer financed aid. With the automotive sector continuing to experience poor sales, what is being done to bring these two automotive giants back from the edge of oblivion? And how fares the balance of the automakers as they weather the recession? Join David Pickering, Vice President of Production Research and Industrial Manufacturing Group Manager, as we discuss the current state of the automotive sector and where it is heading in the future on Navigating the Currents of Change.
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