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GM files plan for stock offering
Wed, 18 Aug 2010General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.
Kia and NBA extend their marketing ties through the 2011-12 season
Tue, 19 Oct 2010Kia Motors America signed a two-year extension of its sponsorship deal with the National Basketball Association through the league's 2011-2012 season. The deal also expands Kia's sponsorship of the NBA to make the brand the official automotive partner of NBA All-Star events and the NBA Cares charity. Kia will also be the title sponsor of the NBA All-Star MVP award, given to the most valuable player during the league's all-star game, Kia and the NBA said in a statement.
Euro NCAP crash tests: hybrids score full marks
Wed, 26 Aug 2009By Tim Swietochowski Motor Industry 26 August 2009 14:49 The Toyota Prius 3 and Honda Insight are among seven new cars to achieve five-star safety ratings in the latest Euro NCAP crash tests out today. Dr Michiel van Ratingen, Euro NCAP’s secretary general said: ‘The technology andknow-how is out there for car makers to deliver vehicles with better pedestrianprotection. Honda and Toyota are giving us a glimpse of the cars of the future thatconsider the natural and social environment in its entirety.’ A Toyota official said hybrids posed new problems for its engineers.