14 result(s) displayed (1 - 14 of 14):
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
Wednesday's announcement that German truckmaker MAN SE will acquire 25% of Chinese peer Sinotruk Ltd. for €560 million ($397 million) comes as cross-border deals travel bumpy roads in China.MAN chief executive Håkan Samuelsson has the advantage of dealing with Sinotruk in the past, saying, "This important partnership is based on...
Posted on July 15, 2009 1:05 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
While General Motors Corp. (NYSE:GM) and Chrysler LLC scramble for additional government assistance to avoid a Chapter 11 filing, crosstown rival Ford Motor Co. (NYSE:F) reportedly is making progress in its effort to boost its cash reserves by selling its money-losing Volvo AB unit.Autoblog on Thursday quoted a Swedish-language newspaper...
Posted on February 26, 2009 11:15 AM
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
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
Uh oh. Listen to this: "The years 2009 and 2010 will be best described as a dark, cold winter."The speaker is Swedish Finance Minister Anders Borg, who presumably knows something about dark, cold winters. So discouraged is he that, as expected, he's putting the government's privatization program on hold until...
Posted on December 16, 2008 12:41 PM
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
Michigan isn't the only locale where the flagging fortunes of U.S. automakers are Topic A. Looming restructurings at Ford Motor Co. and General Motors Corp. also have major implications for Sweden, which is likely to see both Ford's Volvo unit and GM's Saab division put up for sale or spun...
Posted on December 4, 2008 11:04 AM
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
A Reuters report on Monday that Ford Motor Co. has had talks with Renault SA about the possible sale of its Volvo unit is also a reminder of the huge changes in the world economy -- and in the auto business -- since 1993.That was the year that a plan...
Posted on June 30, 2008 3:38 PM
Daimler AG only received $1.3 billion of the $7.4 billion Cerberus Capital Management LP paid for Chrysler LLC in February. Not much compared to the $36 billion Daimler spent for the troubled U.S. carmaker. So it's not a complete shock to hear that when Reuters questioned a high-level source...
Posted on June 16, 2008 12:26 PM
Movable Type search results powered by Fast Search