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Volkswagen takes stake in Suzuki
Wed, 09 Dec 2009VW takes a 19.9% stake in Suzuki We’re back on the co-operation and rationalisation path again, this time with Volkswagen and Suzuki, with the announcement that VW is to take a 19.9% stake in Suzuki, with Suzuki in turn re-investing up to half of the proceeds in to Volkswagen shares. This deal has been on the cards for some time but has obviously been pushed in to reality by the changing landscape for car manufacturers, where they seek to find a more secure future with takeovers, mergers and partnerships. Which is all very logical, even if it will inevitably lead to less choice for the car buyer in the long term.
Tracking device can also alert driver about a late car payment
Fri, 13 May 2011That buzzing noise you hear in the car could be more than a seatbelt reminder--it could be a payment reminder. Some dealerships install tracking devices in the vehicles of high-risk buyers. That makes it easier to track down the buyer--and the car--if the payments stop.
GM seeks $16 billion more in U.S. help
Tue, 17 Feb 2009GM asked the federal government on Tuesday for as much as $16.6 billion in additional federal aid to help it survive. Without the new funding, the automaker could run out of money sometime in March. Under the plan submitted to the U.S.