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39Vote!

Analysts: GM would need cash to acquire Chrysler

For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.

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Spokesperson: Chrysler still looking for partners

Company �looking at number of potential global partnerships� but won't confirm talks with GM.

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Analysts: GM would need cash to acquire Chrysler

For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash. Lots of it, according to industry analysts.

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BMW Group sales decreases 15% in September

The BMW Group has announced that the sales of its BMW, Mini and Rolls-Royce brands were 121,621 units in September 2008, a decrease of 14.6%, compared to 142,357 units in the same period of 2007.

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Volvo Plans Cuts; BMW Sales Fall

More auto makers felt the pinch of the financial crisis Wednesday, as Ford Motor Co. unit Volvo announced further job cuts, and BMW AG said its September sales fell 15% amid falling demand for luxury vehicles."The recent escalation in the financial crisis is also affecting consumer confidence in the premium segment," said BMW executive board member Ian Robertson.Historically, makers of premium cars...

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GERMANY: BMW sales collapse in September

BMW group global sales collapsed 14.6% in September, to 121,621 units.

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Volkswagen’s Bizarre Trading Bug

Christoph Rauwald of Dow Jones Newswires reports: Volkswagen shares soared more than 50% in Frankfurt to an all-time high of €452 Tuesday, as a short squeeze combined with the collapse of the spread between the ordinary and preferred shares forced hedge funds to chase the shares to fill short positions, according to traders. “When prices increase, the calculation of their share exposure of course rises,...

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Jaguar Land Rover joins Alliance of Automobile Manufacturers

Filed under: Government/Legal , Jaguar , Land Rover Whenever there's auto industry-related lobbying going on in Washington D.C., the Alliance of Automobile Manufacturers is there. Consisting of eleven automakers representing 77 percent of all vehicle sales in the United States, the Auto Alliance has a "role in shaping meaningful public policy on the federal, state and even global levels," according...

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Execs at Paris auto show brace for industry storm

Auto executives agree: their industry is headed into a giant storm.

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Jaguar Land Rover Joins Auto Alliance

WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ -- The Alliance of Automobile Manufacturers today announced that Jaguar Land Rover has joined the Washington, D.C.-based association, bringing the total number of Alliance member companies to 11: BMW Group, Chrysler, Ford Motor Company, General Motors, Jaguar Land Rover, Mazda, Mercedes-Benz USA, Mitsubishi, Porsche, Toyota and Volkswagen. The Alliance currently...

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SUPERVISORY BOARD OF BMW AG APPOINTS SUCCESSOR TO ERNST BAUMANN

Munich. At its meeting on 25 September 2008 the Supervisory Board of BMW AG appointed Harald Krüger (42) as Industrial Relations Director and member of the Board of Management with responsibility for Human Resources. Krüger will take over this position from Ernst Baumann (59), who will be stepping down from the Board of Management after reaching the agreed age limit, with effect from 1 December 2008....

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