23 result(s) displayed (1 - 23 of 23):
China's Geely Automobile Holdings Ltd. was boosted by a HK$2.59 billion ($334.1 million) investment from a Goldman Sachs Group Inc. (NYSE:GS) buyout fund. And it looks like its parent, Geely Group Ltd., is closer to boosting its coffers with a play similar to Tata Motors Ltd. The Wall Street Journal,...
Posted on September 25, 2009 11:58 AM
BHP Billiton Ltd. (NYSE:BHP) said Jac Nasser will succeed Don Argus as chairman when Argus retires in early 2010. Nasser, known for leading big acquisitions as soon as he took the reins at Ford Motor Co. (NYSE:F), comes in as BHP may be keen on more acquisitions since the global...
Posted on August 4, 2009 12:05 PM
Anthony Barone must be pretty busy these days.Barone is the veteran auto parts exec (Tower Automotive LLC and J.L. French Automotive Castings Inc. are among the names on his resume) who leads automotive operations for RHJ International SA, the listed Belgium-based industrial holding company where Tim Collinwood of private equity...
Posted on July 31, 2009 10:04 AM
While much of the green auto market is focused on gas-electric hybrid vehicles, it's interesting to note the production of all-electric vehicles and the vertical infrastructure they require to become a profitable venture for car companies and the companies that are in support of them. For example, on a...
Posted on July 10, 2009 3:50 PM
Ford Motor Co. (NYSE:F) had the foresight to secure credit when it was still available, keeping it off the dole while rivals Chrysler LLC and General Motors Corp. got government bailout money and went into bankruptcy. And staying out of bankruptcy has kept it eligible for a more dignified form...
Posted on June 23, 2009 4:40 PM
For a while now we've covered news of automakers driving ahead with plans for electric vehicles and lithium-ion battery makers jostling for position to profit from this initiative. The Wall Street Journal shone its own light on this race and highlighted the government's role.The report said the Energy Department has...
Posted on May 26, 2009 1:14 PM
Ford Motor Co. (NYSE:F) is closer to selling its struggling Swedish brand Volvo Cars AB. Ford is talking with several parties but would not name who or how many potential buyers there are. "Ford has been pleased with the number and quality of these parties, and preliminary discussions have...
Posted on March 25, 2009 12:05 PM
When we last posted on the possibility of Ford Motor Co. selling its Volvo unit to a Chinese buyer, we were a little skeptical, based partly on the fact that we hear so much talk about talks, but so little of substance.Now, on Friday, comes a Reuters report out of...
Posted on February 13, 2009 9:06 AM
Milwaukee's Johnson Controls Inc. continues to make progress in its move into lithium-ion batteries. Johnson's joint venture with Paris-based Saft SA said it will supply the complete battery system for Ford Motor Co.'s first series production plug-in hybrid electric vehicle, which will be introduced in 2012. The five-year supply agreement...
Posted on February 3, 2009 10:22 AM
Ford Motor Co., intent on avoiding a federal bailout, was reported last week to have received interest from Chinese buyers for its money-losing Swiss unit, Volvo. Now it looks like France's Renault SA may be in talks with Ford about buying Volvo. A Renault-Volvo combination proposed 16 years ago was...
Posted on February 2, 2009 5:15 PM
Ford Motor Co. doesn't want to join the ranks of General Motors Corp. and Chrysler LLC in asking for federal bailout money. As the economic drag keeps would-be car buyers at bay, Ford reported it lost $5.9 billion in the last quarter and says it will tap credit lines to...
Posted on January 29, 2009 9:46 AM
A week ago we discussed the troubles of Ford Motor Co. and General Motors Corp. from the vantage of Sweden, where people are worried about the fates of Ford's Volvo Cars AB unit and GM's Saab Automobile AB division.As of Thursday it looked like the Swedes have beaten the Americans...
Posted on December 11, 2008 3:23 PM
The Deal's Lou Whiteman is diligently covering events as they unfold at the House's auto bailout hearing, and it's still not clear if help will be forthcoming. But there's no denying Friday's job numbers have bolstered the Big Three's call for assistance. Nonfarm payroll employment fell by 533,000 in November...
Posted on December 5, 2008 12:28 PM
In a lunch meeting at the Detroit Economic Club on Tuesday, Bank of America Corp. CEO Ken Lewis (pictured) said he would only favor a bailout for cash-leaking Big Three automakers General Motors Corp., Chrysler LLC and Ford Motor Co. if it were to yield major consolidation in the industry....
Posted on November 19, 2008 9:27 AM
Big 3 automakers Ford Motor Co., Chrysler LLC and General Motors Corp. are running out of cash amid plunging auto sales and economic turmoil... and the government doesn't seem likely to give them the $25 billion piece of the Wall Street bailout pie they're asking for. In the meantime, Ford said it is cutting its 33.4% stake in Japan's Mazda Motor Co. by about 20%. The deal should net Ford about 52 billion yen ($540 million)...
Posted on November 18, 2008 8:47 AM
Ford Motor Co. chairman William Clay Ford Jr. and Andrew Liveris, chairman and CEO of Dow Chemical Co., will co-chair a national summit from June 15-17, 2009, at Ford Field convened by the Detroit Economic Club. The summit is dedicated to "four issues of vital importance to America's future in...
Posted on September 22, 2008 5:19 PM
Bill Ford is a study of contrasts in a Q&A with Maria Bartiromo appearing in the latest issue of BusinessWeek. He portrays himself as both a longtime environmental crusader who saw long ago the dangers of his family business' reliance on gas-guzzling SUVs and as a student of Zen who...
Posted on August 5, 2008 4:06 PM
If you can't beat them, join them.General Motors Corp. and Ford Motor Co., for generations cutthroat rivals vying for share of the U.S. car industry, are reportedly in talks about collaborating to develop new engines and powertrain technologies. GM according to a report in the Detroit News approached Ford more...
Posted on August 4, 2008 12:03 PM
As Lou Whiteman observes on our sister blog, Dealscape, the idea of General Motors Corp. shedding brands has been discussed for years. And as The Wall Street Journal pointed out Monday morning, there's nothing like a 50-year low in the stock price to give the discussion some new urgency and...
Posted on July 7, 2008 4:21 PM
All the focus has been on Ford Motor Co., its lagging sales at home and its restructuring plans. But what about the view from Tata Motors Ltd.? Despite the debt now weighing on Tata Motors stock, Tata managing director Ravi Kant believes in the long-term value of the $2.3 billion...
Posted on March 27, 2008 3:10 PM
On Jan. 3, Ford Motor Co. chose India's Tata Motors as the preferred bidder for its British luxury brands, Jaguar and Land Rover, and the two firms may announce a deal as early as Wednesday for over $2 billion, the WSJ reported. Ford is unloading the...
Posted on March 25, 2008 2:47 PM
In our last post on India, we told you of Finance Minister Palaniappam Chidambaram's budget, which led to a drop in ADRs, American Depository Receipts, of Indian companies, and about a meeting held in New York discussing said budget last week. That same week, the U.S.-India Business Council, or USIBC,...
Posted on March 5, 2008 3:04 PM
A third of a century after founding Microsoft Corp., Bill Gates will cease his day-to-day work at the firm, remaining as chairman. Gates' final speech at the Consumer Electronics Show was laden with talk of new products, growth strategy and, inevitably, deals. Gates announced partnerships with Walt Disney Co., NBC Universal...
Posted on January 7, 2008 5:28 PM
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