General Motors reached a deal last week to sell Saab to Koenigsegg Group AB.
The companies signed a stock purchase agreement that would give the group 100% of Saab’s shares, GM Europe said in a statement.
Volkswagen CEO Martin Winterkorn has said that VW could be interested in a tie-up with Suzuki.
The US government has said it is suspending the U.S. ‘Cash for Clunkers’ program as the program’s US$3bn budget has run dry.
Porsche and Volkswagen might merge in 2010 instead of 2011 as currently planned, German newspaper Die Welt reported, citing VW’s finance chief.
These may be lean times for many in the industry, but some skills are in short supply. A report in German business newspaper Handelsblatt suggests the German automotive industry needs more highly qualified engineers, especially in the field of electronics and emerging green technologies.
Jean-Christophe Quemard and his 1,000-employee procurement division is today at the center of efforts to help PSA and their suppliers weather the storm hitting the entire industry.
Continental AG have made changes to their Supervisory and Executive board. In the meeting held on 12 August 2009:
For 2010, Ford’s US operation are bringing radar-based adaptive cruise control (ACC) with Collision Warning and Brake Support to market at a tantalisingly low price: $1,195 USD.
Audi expect their second China plant to start operations in September, which will double production capacity in the country to 200,000 units.
Input your search keywords and press Enter.