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Dr Jim West (Free subscription) | yesterday
But for real people who have to get out every day and do work that’s actually difficult, unemployment is over 10% now, so the Great Recession is still going strong. But that’s because actual taxpayers don’t get government bailouts. Only industries with lobbyists plying congressmen and women with bonus cash under the table do. Posted in current [...]
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Auto Channel (Free subscription) | yesterday
TK Carsites Earns Top Industry Award for Most Powerful Search Optimized Automotive Dealer WebsitesORANGE, Calif., Nov. 6, 2009 -- TK Carsites, Inc. received the Automotive Search Marketing Architecture (ASMA) "Super Charged Search" award and Brian Pasch, CEO of the Pasch Consulting Group, and the source behind the ASMA report, stated publicly, "TK Carsites is the ONLY website provider...
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Indian Express (Free subscription) | yesterday
The six-week-long strike at Rico Auto Industries has come to an end and work has resumed after the management reached an agreement last evening to reinstate some employees.
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PR News Wire (Free subscription) | yesterday
LANSING, Mich., Nov. 6 /PRNewswire/ -- For the second straight year, Auto-Owners Insurance Company ranked highest in customer satisfaction with the auto insurance claims experience in a nationwide study conducted by J.D. Power and Associates in 2009. Auto-Owners scored 883 on a 1,000-point scale.
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Moonbattery (Free subscription) | yesterday
Fruits and nuts are not all that infest the political nightmare that is California. The California Air Resources Board (CARB), infused with eco-greenbats, is threatening to impose strict regulations that could irrevocably damage the auto industry nationwide. The loopy rule...
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France24 (Free subscription) | 05/11/2009
Interactive graphic on General Motors' European operation as the company announces 10,000 job cuts from a workforce of around 50,000 in a bid to slash costs by 30 percent at its German Opel and British Vauxhall divisions.
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People Daily (Free subscription) | yesterday
The decision of U.S. automaker General Motors to scrap plans for selling its European Opel unit will not affect the Russian auto industry, Prime Minister Vladimir Putin said Thursday. "GM's decision not to carry out the deal and to drop plans to sell Opel to the Magna-Sberbank consortium will clearly not damage our interests," Putin said. Putin said Russia would continue to cooperate with...
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Auto Channel (Free subscription) | 05/11/2009
ATLANTA - November 5, 2009: Weighing in at just 2,811 lbs., the new 2011 Porsche Boxster Spyder will be the lightest Porsche available - from a company known for lightweight, proficient sports cars. This new mid-engined roadster represents the true, purist form of the sports car - agile, powerful, open and efficient. This third Boxster model will join the Boxster and Boxster S and will make its world...
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eGMCarTech (Free subscription) | 1 hour ago
Earlier this week, General Motors surprised German official and labor unions by backing out of plans to sell Opel to Magna International and Russian bank Sberbank. CEO Fritz Henderson said that the Detroit automaker now hopes to get the European government to help it restructure Opel but could use some of its $50 billion it [...]
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Connecting the Dots in the New World Order (Free subscription) | 14 hours ago
Twenty-five top recipients of government bailout funds spent more than $71 million on lobbying in the year since they were rescued, an extensive review of federal lobbying records by the Huffington Post reveals. A year after taxpayers forked over $700 billion to help rescue the biggest names in banking, insurance and the automotive industry, those same institutions are using portions of the cash to...
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France24 (Free subscription) | 13 hours ago
US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India. GM began talks with its partners Shanghai Automotive Industry Corp (SAIC) and Wuling eight months ago to explore possibilities of bringing their light commercial vehicles to India. "Now we know what can work in India and what cannot,"...
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traimi | 29/09/2009
The hurdles are not over for the planned takeover of Magna International and Sberbank of General Motor’s Opel /Vauxhall segment. Sberbank, Russia’s biggest lender, is looking for a domestic carmaker to be its industrial partner.
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traimi | 24/09/2009
In another case of a supplier transforming into a threat is Magna International’s takeover of Opel with Russian partner Sberbank . Volkswagen said that it will withdraw business from Magna if the takeover pushes through.
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traimi | 13/09/2009
Finally, the verdict is in! General Motors sold a 55% stake in Vauxhall and Opel to Magna International and its Russian banking partner Sberbank. GM retains 35% of the company, while the remaining 10% will be held by an Opel employee trust fund.
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