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Corporate/Financial

Latest News

5
Dec 18, 14
Spyker fails to obtain funding, declared bankrupt
Spyker's voluntary restructuring has taken a turn for the worse as the District Court of Midden-Nederland has been declared the company bankrupt.
4
Dec 16, 14
Chrysler Group LLC becomes FCA US LLC
Sergio Marchionne's love affair with alphabet soup continues as Fiat Chrysler Automobiles has announced Chrysler Group LLC will be renamed FCA US LLC.
14
Dec 11, 14
Mahindra deal to buy SAAB owner close to completion
The Financial Times is reporting India-based Mahindra & Mahindra are about to purchase NEVS, the company that owns SAAB.
2
Dec 09, 14
Harald Krüger named BMW CEO & Chairman of the Board of Management
BMW's Supervisory Board has announced Harald Krüger will become CEO and Chairman of the Board of Management effective May 13th, 2015.
1
Dec 02, 14
Spyker files for voluntary restructuring
Following a countless stream of bad news, Spyker has filed for a voluntary restructuring in the Netherlands.
5
Dec 02, 14
Saab owner NEVS inks term sheet with Asian OEM, could be Mahindra
National Electric Vehicle Sweden (NEVS) has filed an application to extend their reorganization for an additional three months.
3
Nov 14, 14
Mercedes to take a hands off approach to MV Agusta, might sell bikes at AMG dealers
Daimler CEO Dieter Zetsche has revealed some new details about their tie-up with MV Agusta.
4
Nov 14, 14
Daimler rules out Aston Martin takeover
Daimler CEO Dieter Zetsche told Automotive News an Aston Martin takeover is not on the agenda.
5
Nov 14, 14
Ferrari to transfer €2.25 billion to Fiat Chrysler Automobiles before spinoff
Fiat Chrysler Automobiles (FCA) has announced they will receive €2.25 billion from Ferrari before the spin-off planned for 2015.
3
Nov 06, 14
Spyker money problems continue, company could be evicted
Spyker continues to swirl the drain as a Dutch court has determined the company has failed to pay their quarterly rent since the first quarter of this year.
1
Oct 31, 14
Mercedes-AMG confirms buying 25 percent share in MV Agusta
Daimler has announced Mercedes-AMG has acquired a 25 percent stake in Italian motorcycle manufacturer MV Agusta.
8
Oct 29, 14
Fiat Chrysler Automobiles announces plans to separate Ferrari from FCA
The newly established Fiat Chrysler Automobiles (FCA) has disclosed plans to spin off Ferrari in 2015.
2
Oct 28, 14
2016 Chevrolet Volt to feature an all-new 1.5-liter engine
General Motors has announced the 2016 Chevrolet Volt will feature an all-new 1.5-liter four-cylinder engine.
2
Oct 24, 14
After Daimler, Toyota also sold some of its shares in Tesla Motors
Japanese financial daily Nikkei has announced Toyota has sold some of its shares in Tesla Motors.
4
Oct 22, 14
Daimler sells off their stake in Tesla, says they will still cooperate
Daimler has announced they have reorganized their partnership with Tesla and sold off their roughly four percent stake in the automaker.
7
Oct 21, 14
Total president killed in plane crash
The president of F1 sponsor Total has been killed in a plane crash, the Russian news agency Ria Novosti reports. The French oil multinational is closely aligned in formula one with Renault-powered...
12
Oct 06, 14
Mercedes rules out a takeover of Aston Martin
Rumors of an Aston Martin takeover have been swirling for months but Daimler Chairman Dr. Dieter Zetsche has downplayed the possibility.
5
Oct 06, 14
NEVS unveils their reorganization plan, confirms partnership talks with Asian automakers
National Electric Vehicles Sweden (NEVS) has unveiled their reorganization plan, ahead of a Meeting of Creditors on October 8th at the District Court of Vänersborg.
6
Sep 30, 14
Ford 2020 Vision plan calls for four new / redesigned Lincoln models
Ford has unveiled their 2020 Vision plan which calls for the automaker to increase global sales - by 45 to 55 percent - to approximately 9.4 million units by the end of the decade.
9
Sep 23, 14
Cadillac to become a standalone business unit, will move to New York City
General Motors has announced plans to turn Cadillac into a "separate business unit."
1
Sep 23, 14
Former quattro GmbH boss defects to BMW M GmbH
BMW has announced former quattro GmbH boss Franciscus van Meel will succeed Dr. Friedrich Nitschke when he retires from his position as Chairman of the Board of Management of BMW M GmbH on January 1st...
2
Sep 18, 14
Lotus restructuring could see a a quarter of their workforce being let go
The turmoil at Lotus continues as the company has announced a major restructuring which could see the elimination of up to 325 jobs.
3
Sep 15, 14
Next-generation Nissan Micra due in late 2016
Renault has released some new details about the next-generation Nissan Micra.
1
Sep 11, 14
Spyker quits paying employees, is the end near?
According to reports out of the Netherlands, Spyker has quit paying their employees.
4
Sep 05, 14
Tesla Gigafactory to be built in Nevada
Tesla CEO Elon Musk has announced plans to locate their Gigafactory in Nevada.
8
Sep 02, 14
Nissan chief Andy Palmer named CEO of Aston Martin
Financial Times is reporting Andy Palmer has been appointed as Aston Martin's new chief executive officer (CEO).
7
Aug 29, 14
NEVS granted creditor protection, might lose right to Saab name
National Electric Vehicle Sweden (NEVS) has announced the District court of Vänersborg has granted their request for creditor protection.
4
Aug 28, 14
Saab bankruptcy protection rejected, sale of assets possible
Saab's future is looking bleak as a Swedish court has tossed out NEVS' filing for what is essentially bankruptcy protection.
5
Aug 28, 14
Saab files for bankruptcy protection
The Saab saga is turning into another Saabpocalypse as National Electric Vehicle Sweden (NEVS) has essentially filed for bankruptcy protection.
8
Aug 19, 14
Saab bankruptcy petition withdrawn, company continues to talk with two potential partners
The Saab saga continues as National Electric Vehicle Sweden (NEVS) has revealed they do not have enough "liquid cash, as [of] today, to pay all outstanding debt."

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