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With the sale by General Motors Co. of a majority stake in Adam Opel GmbH now looking like it will finally close, the Financial Times on Wednesday published a big article on an underexamined element of the deal: the partnership between Magna International Inc. (NYSE:MGA) and Russia's OAO Sberbank, which...
Posted on October 14, 2009 2:11 PM
Russian automaker GAZ continued its makeover on Monday, announcing it has retained former General Motors Corp. executive Bo Andersson as a consultant with an eye toward eventually becoming chairman of the company's board.The announcement clears up any confusion caused by Andersson's surprise resignation from GM on Friday. And it also...
Posted on June 15, 2009 4:25 PM
As oil prices skyrocket and U.S. car sales slump, automobile manufacturers around the world are driving more business deals into Russia, which now outpaces all European auto markets. General Motors Corp. and GAZ, a Russian carmaker, are planning a $1 billion joint venture to create a light-vehicles unit. The venture...
Posted on July 25, 2008 11:33 AM
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