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People Daily (Free subscription) | yesterday
The yen's surge to a 14-year high may encourage Japanese manufacturers including auto-parts makers and pharmaceutical companies to accelerate acquisitions overseas, said bankers and analysts. Gains in the currency are also likely to increase mergers at home as Japanese exporters seek to cut costs to offset the rising price of their goods abroad, said Koji Hirai, chief executive...
People Daily (Free subscription) | yesterday
The yen's surge to a 14-year high may encourage Japanese manufacturers including auto-parts makers and pharmaceutical companies to accelerate acquisitions overseas, said bankers and analysts. Gains in the currency are also likely to increase mergers at home as Japanese exporters seek to cut costs to offset the rising price of their goods abroad, said Koji Hirai, chief executive...
DealBook (Free subscription) | 01/12/2009
Robert S. Miller, the former chairman and chief executive of the auto parts maker Delphi, has joined MidOcean Partners as chairman, the middle-market private equity firm said Tuesday.
habser | yesterday
General Motors Co. will soon begin talks with unions with regards to the carmaker’s plan to cut 354 jobs at its Vauxhall plant in Luton in England. GM asserts that the job losses will be voluntary and that the number is “subject to further consultation.”
kansascity.com (Free subscription) | 27/11/2009
FRANKFURT General Motors Co.'s top European official said Friday that a plan for Opel to be unveiled next month will include a schedule to lauch new models and a financial break-even target.
Nick Reilly's comments in an official GM blog came as the U.S. automaker finalizes its restructuring plan for Opel and British sister brand Vauxhall, a program it has said will result in about...
Times Online (Free subscription) | 26/11/2009
General Motors’ Vauxhall plant will avoid redundancies under an early restructuring plan laid out by the US carmaker.
Detroit Free Press (Free subscription) | 26/11/2009
General Motors Co. has not talked with any other potential buyers for the Swedish Saab brand since a specialty carmaker pulled out of a deal to buy it this week, a person briefed on GM's plans said Wednesday. The development is another sign that GM's board may decide when it meets next week to let the storied brand go out of business, placing 4,500 jobs in jeopardy.
Seattle Times (Free subscription) | 25/11/2009
GM shocked Germany and other European countries earlier this month by abruptly canceling the planned sale of a majority in Opel to a consortium of Canadian auto parts maker Magna International Inc. and Russian lender Sberbank.
DealBook (Free subscription) | 25/11/2009
General Motors is to present to unions Wednesday a restructuring plan for its Opel unit, with up to 9,500 jobs expected to be cut, the carmaker's top official in Europe said.
