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Posts Tagged ‘Industry’

Laurenz Schaffer To Head BMW’s DesignworksUSA

October 19th, 2009
BMW logo

BMW logo There’s no denying that BMW’s cars, especially models like the previous 7-Series and Z4, have stepped up their game recently in the looks department lately, even going so far as to influence automotive design across the globe and across the brand spectrum. That change is mostly thanks to Chris Bangle, who resigned from [...]

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Incentives On Premium Sports Cars Reach New Record In September

October 5th, 2009
BMW M6 Competition

BMW M6 Competition The premium sports car market hasn’t traditionally had to tempt buyers with anything more than exclusivity, style and power. But with sales down across the market this past year, automakers are resorting to tactics traditionally reserved for the commodity car models. Incentives on poor-selling premium sports cars reached a new record of [...]

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Geely Confirms Interest In Volvo

September 9th, 2009
If approved, the Belgian loans will only be applicable for Volvo’s local operations

If approved, the Belgian loans will only be applicable for Volvo’s local operations Ford is having trouble offloading its failing Volvo subsidiary but the company is determined to sell and in spite of the tough economic conditions still has several potential buyers. According to a recent report, however, the only potential buyer that has so [...]

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Geely Is Sole Bidder For Volvo

September 1st, 2009
If approved, the Belgian loans will only be applicable for Volvo’s local operations

If approved, the Belgian loans will only be applicable for Volvo’s local operations Ford is having trouble offloading its failing Volvo subsidiary but the company is determined to sell and in spite of the tough economic conditions still has several potential buyers. According to latest reports, however, the only potential buyer that has so far [...]

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Chrysler Sues Daimler Over Supply Contract

August 27th, 2009
2009 Chrysler PT Cruiser

2009 Chrysler PT Cruiser Daimler and Chrysler may have gone their separate ways back in 2007 but the two companies are still closely linked, especially since several of their models share common parts. It is because of this sharing of parts that has led to the latest squabble between the two, with Chrysler accusing Daimler [...]

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VW to buy 42% of Porsche, Merger Agreement Finalized

August 15th, 2009
Porsche Volkswagen Merger

Porsche Volkswagen Merger In late July Porsche announced Wendelin Wiedeking would be leaving his position as the company’s CEO to be replaced by Michael Macht, clearing the way for the supervisory board at Volkswagen to lay the foundation for an integrated company with Porsche under VW leadership. Yesterday reports broke that the Auto Union name [...]

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Tesla reaches profitability, quiets naysayers

August 11th, 2009

Tales of the financial success of a carmaker are rare enough these days, much less tales of an upstart electric vehicle maker. But according to Tesla’s latest news, the company has reached profitability against all odds. Fulfilling a promise made back in June, the company’s claims of profitability come on the back of strong sales [...]

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Pininfarina Family Hires Bank To Sell 50.7% Stake In Design Firm

August 11th, 2009

If you’ve ever wanted to own a stake in an illustrious Italian luxury automotive design house, now may be the perfect time with reports emerging that Italy’s Pininfarina family will be selling off their majority stake in the company. Reportedly, the family owners of Pininfarina have already engaged the services of an Italian bank to [...]

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