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Newswheel staff :: 18 September 2006 :: Filed under Ford, GM, US
The hard evidence remains to slim to none. But according to the usually
reliable industry bible that is Automotive News, the possibility of the
mother of all automotive mergers has been discussed by senior company
executives. Yup, Ford and GM could be doing the tango…
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Newswheel staff :: 06 July 2006 :: Filed under GM, Nissan, Renault, Europe & UK, US
It’s Thursday and that can only mean one thing. Yup, it’s industry news day, complete with fabulous fiscal flights of fancy and an assortment of additional alliterative articulations…Well, that and riding out the clock until Friday. And hell, Friday’s as good as Saturday. And Saturday’s the weekend. But we digress. On June 30th Kirk Kerkorian, the metrically monikered money bags who holds a 9.9 per cent stake in bankrupt pension fu… sorry, motor manufacturer GM formally tabled a proposal for a grand alliance between Nissan, Renault and GM…
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Newswheel staff :: 19 May 2006 :: Filed under Chrysler, Ford, GM,
Tom LaSorda, Rick Wagoner, and Bill Ford – head honchos of Chrysler, GM and Ford, respectively – have been up on Capitol Hill for a pow-wow with America’s law makers. The main aim of this unholy alliance? To place pots of ethanol fuel under the noses of legislators. Is corn-based fuel the answer to America’s (and by implication, Europe’s) fuel dependence and security problems?
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Newswheel staff :: 03 April 2006 :: Filed under Chevrolet, GM, Nissan,
GM is struggling because it doesn’t make cars customers want. Not exactly a controversial spin on GM’s current predicament. But still something of an eyebrow tweaker when spewed forth from the mouth of a senior suit at a rival firm. In this case, Nissan Motor Co. Senior Vice President Shiro Nakamura…
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Newswheel staff :: 10 February 2006 :: Filed under GM, Europe & UK, US
Plants closing, dividends cut in half, executive salaries slashed. It’s a laugh a minute over at GM. So, it’s not terribly surprising that the first rumours of the demise of GM’s head honcho, Rick Wagoner, have emerged on ye olde interweb.
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Newswheel staff :: 21 December 2005 :: Filed under Ford, GM, Volkswagen, Europe & UK, US
The directors of America’s big car companies take it lying down. But the leading players at VW Group are preparing for a fight to the death. So says Detroit News columnist Christine Tienery on the different ways US and Euro car companies handle investor relations. Indeed, with various shareholder factions currently battling for control of VW, Tierney reckons that it’s not just the future of VW that’s at stake, but also corporate governance in Germany as a whole. Big deal? Yup, if you care about cars, that is.
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Newswheel staff :: 22 November 2005 :: Filed under GM, US
GM yesterday announced a wide ranging package of measures designed to turn the ailing giant around. The headline statistics are the culling of 30,000 jobs and 12 factories in North America. In total, GM hopes this will help save the firm around $7 billion.
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Newswheel staff :: 14 November 2005 :: Filed under GM, Europe & UK, US
The will it, won’t it saga of GM’s slide towards bankruptcy rolls on. This week’s installment includes a 13-year low for the company’s share price and its lowest sales since 1992. Oh, happy days!
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