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Rothesay Life Insures GM’s UK Pension Fund


Goldman Sachs unit Rothesay Life has agreed to offer GM’s employees in the UK, a $370.68 million deal to insure a retirement fund. This is the second deal between GM and Rothesay, which agreed to pay pensions to the funds' retired members only, in exchange for part of the funds’ assets. From GM, Rothesay Life takes 11,000 retired employees and £230 ...
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Renault sells its remaining 6.5 percent stake in Volvo Trucks
Renault announced it will sell its remaining 6.5 percent stake in truckmaker Volvo in order to cut its debt and consolidate its financial stability. The sale of the block of 138.6 ...
Fiat Expected to Report Positive Profit in First-Half of 2012
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F1 to raise $450 million for itself in IPO
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latest automotive news
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Nov.28 (GMM/Inautonews.com) David Coulthard says he was blown away by the performance of this year's title-winning Mercedes turbo V6 ...
Red Bull wings grounds for race ban – Force India
Nov.28 (GMM/Inautonews.com) Red Bull's illegal front wing in Abu Dhabi may have been grounds for a race ban. That is ...
Hulkenberg to split F1 with Le Mans in 2015
Nov.28 (GMM/Inautonews.com) Nico Hulkenberg will contest next year's Le Mans 24 hour race. It was announced in a statement that ...
Vettel denies driving Ferrari road car at 350kph
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