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Daimler Doubtful About CIC Plan to Buy 10% Stake in the Company


Daimler said it does not expect China Investment Corp to purchase 10% stake in the German automaker. "No, I don't expect this to happen. There is a lot of speculation about us looking for another anchor shareholder in addition to Kuwait, but that's not true," Bodo Uebber told Handelsblatt in an interview published on Monday in a German newspaper. Last month Daimler ...
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French prime minister says Peugeot stake not on the agenda
France's Prime Minister said the state has no current plan to buy a stake in ailing carmaker PSA Peugeot Citroen. The comments came a day after Peugeot took a 4.1 billion ...
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Virgin denies d’Ambrosio set to switch teams
(Inautonews.com/GMM) Virgin has dismissed speculation it may lose Jerome d'Ambrosio's services and backing for the 2012 season. The Belgian rookie's manager, Renault team boss Eric Boullier, said at Silverstone that he ...
GM: Volkswagen CEO comments on Opel ‘regrettable’
GM Co on Wednesday called comments made by Volkswagen AG's chief executive about a possible sale of the US automaker's Opel unit "regrettable." General Motors Co., the automaker that has lost ...
Renault denies team set for Cosworth switch
(Inautonews.com/GMM) French engine supplier Renault has scotched rumours it might split with the formula one team that bears its name. It has been rumoured that Enstone based Lotus Renault GP is ...
Red Bull to decide Webber future in late August
(Inautonews.com/GMM) Red Bull will make a decision about its 2012 driver lineup in late August, team boss Christian Horner has announced. Before the British grand prix, it seemed near certain that ...
Contract clause to let Hamilton leave McLaren
(Inautonews.com/GMM) Despite the fact his contract includes 2012, Lewis Hamilton is likely to be able to walk away from McLaren at the end of the season. The Daily Mail reports that ...
F1: Rosberg admits rival teams’ interest
(Inautonews.com/GMM) Nico Rosberg insists he is happy at Mercedes but has admitted other teams are interested. With German Rosberg faster than Michael Schumacher in the past two seasons but still seeking ...
Formula1: Hamilton denies Red Bull, Ferrari rumours
Lewis Hamilton may also be considering a switch to Ferrari, as the speculation about the 2008 world champion's future rolls on. Widespread reports after the Canadian grand prix said the 26-year-old ...

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