30 hours a goSpyker exits moratorium, will merge with Volta Volare
We haven't heard much from Spyker since their bankruptcy was declared null and void but that is changing today as the company has revealed they have successfully exited their moratorium of payment.
Jul 23rd, 15Fiat Chrysler Automobiles files paperwork for the Ferrari IPO
Fiat Chrysler Automobiles has filed a registration statement with the U.S. Securities and Exchange Commission for the highly anticipated Ferrari initial public offering (IPO).
Jul 21st, 15Mercedes-Benz, BMW and Audi very close to jointly buy Nokia’s HERE maps business
A new report states Nokia is almost ready to shake hands with the German premium trio regarding the HERE maps business.
Jul 20th, 15Report says FCA interested in selling Magneti Marelli for at least €3 billion
Reuters says Fiat Chrysler Automobiles (FCA) is seriously thinking about selling Magneti Marelli for at least €3 billion.
Jul 20th, 15Mitsubishi Materials apologizes for exploiting US army prisoner labor during WW2
Mitsubishi Materials has become the first major Japanese company to apologize for using American army prisoners as slave laborers during World War Two
Jul 16th, 15Magna acquires Getrag gearbox manufacturer for a massive €1.75 billion
Magna has announced plans to fully acquire Getrag for approximately €1.75 billion and the deal is expected to be finalized before the year's end.
Jul 15th, 15Sergio Marchionne gives up on a GM merger
Fiat Chrysler Automobiles CEO Sergio Marchionne has apparently given up his quest to merge with General Motors.
Jul 15th, 15PSA Peugeot Citroen to build & sell the Bollore Bluesummer convertible
PSA Peugeot Citroën and the Bolloré Group have signed a strategic partnership agreement which calls for the French automaker to manufacture and distribute the Bolloré Bluesummer convertible.
Jul 14th, 15Volvo acquires Polestar and promises potent electrified models
Volvo has acquired a 100% stake in Sweden-based Polestar, following an on-going collaboration since 1996.
Jul 9th, 15Audi, BMW and Mercedes-Benz battle to acquire Nokia’s HERE maps business
Audi, BMW and Mercedes-Benz are believed to be the three finalists for acquiring Nokia’s very successful HERE maps business.
Jul 6th, 15Ferrari IPO could bring in at least 10 billion euros
Fiat Chrysler Automobiles CEO Sergio Marchionne has revealed he expects Ferrari's IPO will bring in at least €10 ($11 / £7) billion.
Jul 3rd, 15Giorgetto 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.
Jun 30th, 15Mercedes 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.
Jun 28th, 15Mahindra’s plan to buy Pininfarina falls through
Italian media is reporting India's Mahindra & Mahindra has failed to acquire troubled design house Pininfarina.
Jun 21st, 15World's best-selling cars revealed
A new interesting survey is showing which the best-selling models in some of the far flung nations are
Jun 15th, 15Volkswagen reportedly being restructured into four holding companies
An interesting report coming from Germany states Volkswagen will be revamped into four holding companies.
Jun 11th, 15FCA 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.
Jun 8th, 15Qoros stops European offensive, has sold only 51 vehicles on the continent
The Chinese company Qoros will soon temporarily abandon its European market offensive
Jun 3rd, 15Volkswagen & 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.
May 28th, 15NEVS 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.
May 25th, 15General 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.
May 13th, 15Toyota & 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."
May 12th, 15Volkswagen 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.
May 1st, 15De 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).
Apr 30th, 15Aston Martin DBX confirmed for production
Aston Martin has confirmed plans to build a production version of the DBX concept.
Apr 26th, 15Ferdinand Piëch resigns from Volkswagen
In a sudden and shocking move, Volkswagen Group Chairman Dr. Ferdinand Piëch has resigned effectively immediately.
Apr 22nd, 15Google 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.
Apr 17th, 15Lotus 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.
Apr 17th, 15Winterkorn 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.
Apr 16th, 15NEVS 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 creditors back in February.