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Corporate/Financial

Latest News

11
Jul 03, 15
Giorgetto Giugiaro resigns, sells remaining stock to Audi
Legendary car designer Giorgetto Giugiaro has decided to sell his remaining stock in the company which he founded.
5
Jun 30, 15
Mercedes to invest 1 billion euros into next-generation of compact models
Mercedes has announced plans to invest approximately one billion euros into their Rastatt plant to support the production on their next-generation of compact models.
8
Jun 28, 15
Mahindra’s plan to buy Pininfarina falls through
Italian media is reporting India's Mahindra & Mahindra has failed to acquire troubled design house Pininfarina.
6
Jun 21, 15
World's best-selling cars revealed
A new interesting survey is showing which the best-selling models in some of the far flung nations are
14
Jun 15, 15
Volkswagen reportedly being restructured into four holding companies
An interesting report coming from Germany states Volkswagen will be revamped into four holding companies.
24
Jun 11, 15
FCA reportedly considering a merger with PSA Peugeot Citroen
Fiat Chrysler Automobiles CEO Sergio Marchionne is reportedly eyeing a merger with other automakers following a rejection from General Motors.
23
Jun 08, 15
Qoros stops European offensive, has sold only 51 vehicles on the continent
The Chinese company Qoros will soon temporarily abandon its European market offensive
4
Jun 03, 15
Volkswagen & SAIC team up on plug-in hybrids and electric vehicles
Volkswagen and SAIC have signed a new agreement which will pave the way for a number of new plug-in hybrid and electric vehicles to be built in China.
2
May 27, 15
NEVS announces two new Chinese stakeholders & Chinese plant
National Electric Vehicle Sweden (NEVS) recently exited reorganization and that has apparently paved the way for the company to establish a new factory in Tianjin, China.
21
May 25, 15
General Motors refused Sergio Marchionne's merger proposal with FCA
The New York Times is reporting General Motors is not interested in a merger with Fiat Chrysler Automobiles.
6
May 13, 15
Toyota & Mazda enter into a mutually beneficial long term partnership
Toyota and Mazda have entered into an agreement that calls for the companies to have a "mutually beneficial long term partnership."
4
May 11, 15
Volkswagen bets big on SEAT, will invest 4.2 billion euros into Spanish operations
Volkswagen has announced plans to invest €4.2 ($4.6 / £3.0) billion into their operations in Spain.
8
May 01, 15
De Tomaso sold to Chinese consortium for just €1.05 million
Troubled Italian marque De Tomaso has been sold to a Chinese consortium for only €1.05 million ($1.8M / £769,000).
3
Apr 30, 15
Aston Martin DBX confirmed for production
Aston Martin has confirmed plans to build a production version of the DBX concept.
25
Apr 26, 15
Ferdinand Piëch resigns from Volkswagen
In a sudden and shocking move, Volkswagen Group Chairman Dr. Ferdinand Piëch has resigned effectively immediately.
5
Apr 21, 15
Google almost bought Tesla in 2013
According to an upcoming book called "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future," Google was primed to buy the automaker in 2013.
2
Apr 17, 15
Lotus signs new joint-venture, will build models in China
Proton and Lotus have signed a joint-venture agreement with Goldstar Heavy Industrial Co. Ltd. which paves the way for Chinese production.
1
Apr 17, 15
Winterkorn wins out over Piëch, has full backing of VW's Executive Committee
The fight between Ferdinand Piëch and Volkswagen CEO Martin Winterkorn is apparently over as the latter has the backing of the Supervisory Board's Executive Committee.
14
Apr 15, 15
NEVS exits reorganization, could pave the way for a takeover
The latest Saabpocalypse is coming to a close as the District Court of Vänersborg has granted NEV's request to exit reorganization following the approval of the composition proposal that presented to ...
11
Apr 13, 15
Sergio Marchionne reportedly eyeing a mega merger or deal before retirement
Fiat Chrysler Automobiles CEO Sergio Marchionne is reportedly eyeing a mega merger or deal before his retirement in 2019.
5
Apr 13, 15
Ferdinand Piëch distances himself from Volkswagen CEO Martin Winterkorn
Ferdinand Piëch has rocked the automotive world by publicly distancing himself from the man many thought would replace him as Chairman of the Board of Management of Volkswagen AG.
11
Mar 25, 15
Porsche employees getting €8,600 bonus after company’s most successful year ever
Porsche has announced all employees are getting a €8,600 bonus after a very profitable 2014.
5
Mar 25, 15
Mahindra negotiating with Pininfarina for takeover
Reuters is reporting Mahindra is close to buying troubled design house Pininfarina.
11
Mar 23, 15
ChemChina buying Pirelli for €7.1 billion
Pirelli will be acquired by China National Chemical Corp. (ChemChina) who has agreed to pay €7.1 billion.
0
Mar 18, 15
BMW confirms more eDrive models, says new RWD platform is almost ready for production
BMW has revealed some new details about their future lineup at their Annual Accounts Press Conference in Munich.
3
Mar 12, 15
Porsche Boxster Spyder officially announced, will be one of 50 new models from VW AG
The Volkswagen Group has announced plans to 50 new and improved vehicles in 2015.
2
Feb 23, 15
Honda President Takanobu Ito to step down in June
Honda has announced a management shakeup which will see President Takanobu Ito being replaced by Takahiro Hachigo.
1
Feb 20, 15
NEVS seeking debt reduction with creditors in an attempt to exit reorganization
The Saab saga continues as National Electric Vehicle Sweden has submitted a composition proposal to unsecured creditors in an attempt exit their reorganization.
1
Jan 29, 15
Spyker bankruptcy declared null and void following an appeal
In a surprise move, Spyker's bankruptcy has been declared null and void following an appeal.
9
Jan 27, 15
Aston Martin gets funding for new lineup, big announcements expected in Geneva
Aston Martin's aging lineup is about to become a thing of the past as Bloomberg is reporting Investindustrial SpA has decided to invest the necessary funds to give the automaker a modern lineup.

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