Merger would result in $30B a year in cash, says Sergio Marchionne. Continue Reading...
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It’s a chance to make your mark on racing history and to witness the whole thing in person. Continue Reading...
It’s no secret; Toyota is buddy-buddy with British luxury automaker Aston Martin. The two firms have collaborated before, perhaps most famously the iQ-based Cygnet city car, and the latest gossip indicates is the “capital T” is interested in buying Aston. Continue Reading...
One of the main concerns with the recent American Le Mans Series (ALMS) and Grand-Am merger was the involvement and relationship with the Automobile Club de l’Ouest (ACO), which is the organizing entity behind the 24 Hours of Le Mans. That can be put to rest however, as the organizations met with one another to… Continue Reading...
If you’re wondering how to sell the controlling stake in a major car company for 4.5 billion euros and leave the tax collector hanging without legal worry, just ask Porsche. Continue Reading...
A few years ago, Italian auto giant Fiat was very close to partnering up with General Motors. However, that deal went sour at the last minute and a few years after that, Fiat bought a big chunk of Chrysler in its quest to have a large slice of the American market. More recently, the company… Continue Reading...
What if Ford and General Motors merged? The result would be a global automotive machine so inconceivably huge rivals like Toyota and Volkswagen might not even think of challenging it. And it would be awash with cash, and profits, cutting tremendous expenses at both automaker from research and development all the way to accounting. At… Continue Reading...
Porsche is looking increasingly unsure over a potential takeover by Volkswagen, which currently holds a 49.9-percent stake in the sports car maker. Porsche Automobil Holding SE is the company that holds the 50.1% majority of Porsche AG, the manufacturing arm that actually builds the cars. But Volkswagen is looking to exercise an option that allows… Continue Reading...
According to Car & Driver Euro-based blogger Jens Meiners, more than one of his sources within the Volkswagen Group suggest that they would like to take over Alfa Romeo from Fiat. According to Meiners, this move would allow Alfa to reach its ambitious sales targets, given that a takeover by VW would virtually guarantee class-leading… Continue Reading...
Chrysler has just announced that starting this Friday (December 19th) it will cease production until January 19th – at the earliest. The month long “production pause” is not due to a lack of demand says Chrysler, which recently scheduled a meeting with dealers to assess the economic crisis. According to Chrysler dealers, 20 to 25… Continue Reading...