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Credit crunch claims Russian tycoon's car stake (from Corporate Dealmaker)

"Russian Machines has made a decision to terminate the participation as a shareholder in Magna International due to the current global financial crisis." You can tell investors aren't keen on the near future of the global economy. U.S. markets were down midafternoon even after the House approved a $700...

Posted on October 3, 2008 3:32 PM

GM finds Hummer no easy sale (from Corporate Dealmaker)

For all those out there struggling to sell your gas-guzzling SUVs, trading down to cope with $4 gasoline, rest assured that General Motors Corp. shares your frustration.The automaker has apparently hit some speedbumps in its effort to divest its Hummer unit. India's Economic Times reported Monday that domestic carmaker Mahindra...

Posted on August 18, 2008 1:36 PM