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Jaguar & RSC “Are partners in the business”
Mon, 14 Mar 2011Jaguar XJ outside the Royal Shakespeare Company (click for full image) We did warn you. It’s the 50th anniversary of the launch of the Jaguar E-Type and Jaguar are out to celebrate the anniversary in any way they can conjure. All things E-Type kicked off at the Geneva Motor Show last week with the original E-Type launch car – a Geneva launch at that – on hand to celebrate all things Jaguar.
Ford burns through $5.5 billion in 4th quarter as losses mount
Thu, 29 Jan 2009Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.
Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.