Coverage tagged Mergers and acquisitions.
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Fiat expects to take its holding in Chrysler from 53.5% to 58.5% by the end of 2011, pending achievement of performance targets set in the original restructuring deal.
Fiat is seeking to buy Canada’s remaining stake in Chrysler after the automaker repaid government loans, but Ottawa is not yet ready to sell.
Daimler has confirmed plans to reduce its holding in EADS, the parent of Airbus, as the German car group looks to refocus on its core automotive business.
Geely has begun developing a 7-speed dual-clutch transmission based on DSI technology, with most of the engineering handled by its own teams following the Australian acquisition.
Spyker plans to position Saab as a premium niche manufacturer, with renewed model lines and funding secured through a mix of GM support and a European Investment Bank loan.
Fiat placed its 500 range and a rebadged Lancia Delta on the Chrysler stand in Detroit, signalling the start of Italian models and technology entering Chrysler’s US line-up.
Talks between Spyker and General Motors over the sale of Saab have collapsed, prompting GM to begin an orderly closure of the Swedish carmaker.
With Koenigsegg out, GM faces a critical decision on Saab’s future as BAIC and Merbanco express interest ahead of a board meeting in December 2009.
Fresh reports suggest Chinese automakers could one day own General Motors, but experts and recent history point to major obstacles and shifting global priorities.
General Motors confirmed Koenigsegg Group AB has abandoned its planned purchase of Saab, leaving the Swedish brand's future uncertain as of November 2009.
Ford’s sale of Volvo to China’s Geely could be finalised by the end of August 2009, with a local Swedish partner set to take a minority stake.
Negotiations between Ford and Geely over the sale of Volvo remained at a standstill in late September 2009, with regulatory and financial hurdles still unresolved.
Labour representatives at Opel push for a two-year guarantee to keep all European factories open as Magna prepares to take control from General Motors.
Jim Taylor, Hummer’s chief executive, confirmed in June 2009 that Chinese firm Tengzhong would act solely as a financial backer, leaving brand management with the existing US team.
Volkswagen's market capitalisation reached $127.5 billion, surpassing Toyota amid global financial turmoil and shifting demand away from large SUVs and pickups.