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GM reportedly set to sign deal on Thursday to sell Opel
Tue, 13 Oct 2009General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations. GM agreed on September 10 to sell 55 percent of Opel to Canadian supplier Magna and its Russian partner Sberbank, but the deal stumbled amid labor union demands for a veto on factory closures and concern in the UK and Spain that 4.5 billion euros ($6.7 billion) in aid pledged by the German government for restructuring Opel favored the carmaker's German factories.
Tata appoints former GM Europe head Forster as group CEO
Tue, 16 Feb 2010India's Tata Motors named former General Motors Co. executive Carl-Peter Forster as group CEO. Forster, 55, will be responsible for the company's global operations including the Jaguar Land Rover unit.
Winner, Winner Car-Guy Dinner! Celebrity chef Fieri gets wild Garage Mahal to keep toys, friends rockin'
Wed, 28 Oct 2009In the vernacular of rock-and-roll TV chef Guy Fieri, his new car crib is way off the hook. Built for Fieri as a DIY Network television showpiece, the two-car-plus garage space is like the owner himself--flashy, flamboyant and full-on car-guy comfortable. Back in the spring, AutoWeek spent time with Fieri and watched as he doted on and drooled over his cars.