Between Ford and Fiat today’s news is mostly about automotive doom and gloom in Europe. No, we’re not talking about the onset of their winter, although for many 2012 must [...]
Tag Archives | financial crisis
Volkswagen And Porsche Close Merger Deal
Europe’s largest automaker, Volkswagen, and Porsche announced at the end of last week that they reached an agreement to merge their operations to create an integrated automotive group led by [...]
Power Struggle Ends: VW To Acquire Porsche
Volkswagen is planning to purchase all of sports carmaker Porsche, which has run into massive financial problems linked to its overly ambitious plan to take control of VW. The attempted [...]
Porsche / VW Drama Reaches Climax
The on-going feud between the families behind Porsche and VW continues to spill into the business dealings of the two companies. Both Porsche and VW have angled for the better [...]
Business As Usual For GM South Africa
Yesterday, US banckruptcy judge Robert Gerber approved General Motors’ plan to sell the bulk of its assets to NGMCO Inc., or ‘New GM’, in order to potentially clear the way [...]
Judge Approves General Motors’ Sale Plan
A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge [...]
Mazda Australia Bucks The Economic Trend
Despite the on-going financial doom and gloom Mazda Australia have bucked the trend recording its best sales month ever this June retailing a bumper 8 406 units. The impressive result [...]
Porsche And VW Merger Update
It was only about 12 months ago that Porsche was being praised for its brilliance in business tactics to take over Europe’s largest manufacturer, Volkswagen. Now it seems the tables [...]
VW Halts Merger With Porsche
Volkswagen says it has indefinitely halted talks over its merger with Porsche, saying the sports car manufacturer is not prepared for a partnership. Porsche went into significant debt earlier this [...]
Can Porsche Manage Debt from VW Deal?
The takeover last year of much larger Volkswagen seemed ingenious before the slump hit, but now Porsche is struggling to pay the interest on its debt. According to a member [...]
-
Video: Audi S5 Sportback – True Sleeper Potential
-
ABT Tunes Latest Audi R8 V10 Plus To Perfection
-
Video: 2013 Porsche 911 GT3 Cup In Action At Monza
-
Ferrari F12berlinetta Prances Into S.A.
-
A Car From General Motors To Crush The BMW M5 & E63 AMG
-
Video: Vossen Wheels Rolls Out Their Finest At Wörthersee 2013
