Articles by: Aurel Niculescu

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U.S. government sells General Motors shares

U.S. government sells General Motors shares

Besides Warren Buffet we reported earlier raising its stakes in GM through its Berkshire Hathaway Inc. investment fund, the American automaker has been a sweet deal to several other investment firms. Harris Associates LP, State Street Corp. and on third spot the aforementioned Berkshire Hathaway led last quarter’s purchases of […]

Volkswagen Group on the rise

Volkswagen Group on the rise

The VW Group worldwide vehicle deliveries from January to July grew by 5.1% to a total of 5.45 million vehicles while for the month of July the group deliveries ran at 757, 700 (July 2012: 734, 500; +3.2%) units. The Volkswagen Group delivered a total of 2.16 (2.23; -3.1%) million […]

New engine family for Volvo

New engine family for Volvo

Volvo is preparing a revolution under its models hoods, as a new engine family will set its mark across the Swedish manufacturer’s entire line-up. Well known for its safety records, Volvo is set to uphold its high standards across the entire range of its technology prowess, as from this autumn […]

U.S. automakers prepare for a sales boost

U.S. automakers prepare for a sales boost

Returning from the bleak days of the recession, the manufacturers active on the North American Market prepare for a surge in demand, as the economy strengthens and old cars will be scrambled. Following the reported new record of the average age of the U.S. cars, analysts predict auto sales to […]

Sirius buys Connected-Vehicle Unit of Agero

Sirius buys Connected-Vehicle Unit of Agero

Sirius XM Radio Inc. has decided to buy the connected-vehicle services business of Agero Inc. for $530 million, allowing the satellite-radio broadcaster to provide Web-connected services for cars such as safety and navigation. According to a Sirius statement, the cash transaction is expected to complete in the fourth quarter, with […]

Report – SAAB factory up and running again

Report – SAAB factory up and running again

According to recent reports, the new Saab owner – National Electric Vehicle Sweden (NEVS) – has reportedly re-opened the former Swedish brand’s Trollhattan factory that shut its gates in April 2011. According to the Swedish publication Aftonbladet, NEVS – a consortium comprising a Chinese renewable-energy powerplant builder and a Japanese […]

Wiesmann goes into bankruptcy

Wiesmann goes into bankruptcy

In a sad turn of events, German sports car manufacturer Wiesmann has reportedly filed for bankruptcy, without revealing the motives. The process was made to a German district court in Münster and it didn’t specify any of the financial details that led Martin and Friedhelm Wiesmann to this point. Unfortunately, […]

GM is committed to its Australian market

GM is committed to its Australian market

GM North America President Mark Reuss, who formerly served as chairman and managing director of GM’s Holden operations in Australia told reporters on Thursday the company wants to build up on its success in the market. The comments from Reuss come a week after GM Chief Financial Officer Dan Ammann […]