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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
Next Tuesday, July 31st, Fiat is expected to report the sales results for the first half of this year. Analysts believe that although the company faces some really tough times in ...
F1 to raise $450 million for itself in IPO
Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., plans to raise about $450 million for itself by selling new shares as part ...

latest automotive news
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