Posts Tagged ‘US’

Volkswagen postpones  MAN supervisory board takeover

Kris Alingod – AHN News Contributor Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should be made after anti-trust clearance of [...]

Biden welcomes recovery of US auto industry (AFP)

AFP – US Vice President Joseph Biden on Saturday welcomed the recovery of the US automobile industry, but pointed to disparities between rising consumer prices and worker wages. View full post on All Stories

Chrysler restructures debt deal

The US carmaker has shifted $1bn from loans to bonds, trimming its institutional loans to $2.5bn from $3.5bn and increasing its junk bond sale from $2.5bn to $3.5bn View full post on All Stories

Need a Car?

Looking for a New or Used car? Maybe a new car. Perhaps your old car has had better days, maybe is time to trade up. Whatever the reason, you need a new vehicle. We have created this post to help you find a car. Here you will find some guidelines on how to chose your [...]

GM keen to develop Chevy as global brand

US automaker to extend marque’s global reach View full post on All Stories

Fiat closes in on Chrysler after $1.27bn share buy

Fiat will control the historic US carmaker Chrysler by the end of the year, the Italian company believes, bringing it closer to its goal of becoming a truly integrated global auto giant. View full post on All Stories

China zooms to lead in Lamborghini race

In the race to become the world’s dominant economy, China is on track to beat the US for the first time in at least one interesting category: Lamborghinis in the driveway. Stephan Winkelmann, president and CEO of the super-luxe Italian carmaker, told reporters yesterday that China is on the… View full post on All Stories

SEC charges two investment adviser firms with fraudulent misuse of fund assets

The Securities and Exchange Commission (SEC) of US has charged two San Francisco-based investment adviser firms along with their former CEO, former general counsel, and former portfolio manager with defrauding investors in a $100m hedge fund that invested in subprime automobile loans. View full post on All Stories

Buffett backed China car maker scraps dividend

HONG KONG: BYD Co Ltd, a Chinese carmaker backed by US billionaire Warren Buffett, posted a worse-than-expected 94 percent drop in its fourth-quarter earnings on Sunday, as intense competition … View full post on All Stories

Chrysler CEO receives no salary for 2010: Report

Sergio Marchionne, the chief executive of Chrysler Group LLC, received no cash salary from Chrysler in 2010, the automaker managed by Fiat SpA revealed on Friday in a detailed filing with US regulators. View full post on All Stories

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