Entries tagged "Renault"
Not only is Magna International preparing a bid for General Motors' Opel unit, but now it is considering a bid for U.S. brand Saturn in a deal that could make it a viable competitor.
In 2000, French carmaker Renault SA became the first foreign auto company to buy a a South Korean peer when it agreed to take over troubled Samsung Motors Corp. from its parent Samsung Group.
With Detroit's Big Three scrambling to raise cash and weather what is expected to be a prolonged sales slowdown, it is probably no surprise that a fresh rumor has emerged about Ford Motor Co. potentially selling its Volvo Cars Corp. subsidiary. The latest report comes from London's Sunday Times, which quotes unnamed senior car industry sources saying that Ford might sell Volvo to BMW AG as part of its drive to raise cash. ...
Cerberus Capital Management LP appears ready to abandon its disastrous foray into the auto business barely a year after jumping in, reportedly holding talks to potentially merge its Chrysler LLC unit with General Motors Corp. The talks began more than a month ago, according to a New York Times report, and appear to have a 50-50 chance of leading to a deal. A transaction would likely leave Cerberus, which bought an 80% stake in Chrysler from Daimler AG in August 2007 for $7.4 billion, with an equity stake in General Motors....
For a brand that its owners, Ford Motor Co., insist is not for sale, Volvo Car Corp. sure has a lot of suitors....
Even as Ford Motor Co. was seeking buyers last year for Jaguar, Land Rover and Aston Martin, the automaker insisted its Volvo unit was not for sale. But according to reports, the Dearborn, Mich., company was at least willing to listen to offers for the Swedish carmaker....
