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GM blocks Saab sale to China
Tue, 08 Nov 2011GM block Saab. No Saab 9-5 or 9-4X for the Chinese Last week we had the first reaction from GM to the announcement that Saab was to be sold to China’s Youngman and Pang Da. And it wasn’t positive.
Chrysler, CAW reach tentative contract deal
Fri, 24 Apr 2009The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.
Are BMW & Hyundai planning joint engine development?
Fri, 04 May 2012Are BMW & Hyundai talking engines? Reports are rife that BMW and Hyundai are in talks about co-operation on development of a new range of engines. The German press kicked it off yesterday and now Reuters have got in on the act with their own sources apparently confirming talks between BMW and Hyundai over the joint development of a new range of engines.