BMW plans to build two new Mini models at its plant near Oxford in southern England, in a vote of confidence for UK manufacturing and a significant boost for the hard-pressed motor industry.
Germany has agreed to a deal allowing Canadian car parts maker Magna International to take over Opel, news reports said early Saturday.
Ford is preparing to sell an electric car developed almost entirely by an outside supplier. While that may cut down on bragging rights - General Motors created the Chevy Volt in-house - Ford says it also cut down on costs and risk.
Magna International is in talks with BMW AG to build a larger version of the upscale German automaker's trendy Mini cars, Canada's Globe and Mail newspaper reported Thursday.
The following are some of Monday's most actively traded stocks:
Representatives of billionaire investor Kirk Kerkorian, who has bid for Chrysler Group, met a group of Chrysler workers on Sunday who have separately proposed an employee stock ownership plan for the automaker, people familiar with the matter said on Monday.
Exactly one week ago, Kirk Kerkorian was the flavor of the day. The maverick raider, who'd been on the fringes of the auto industry for a decade, had come from out of nowhere to make a bid of $4.5 billion for Chrysler. Given his record of stirring things up, everyone expected big things from Kerkorian despite his advanced age (he turns 90 in June). But that was last week.
It's a sector facing staggering global competition, expensive union contracts, fickle consumer tastes and a looming burden of tougher environmental regulation.
A top DaimlerChrysler official is expected to meet this week with would-be buyers of the Chrysler group - although not with announced bidder Tracinda Corp., the investment company of Kirk Kerkorian, according to a report published online.
Two groups of private equity firms and one auto parts maker are close to submitting their bids for DaimlerChrysler's Chrysler Group, according to a published report.
The Chrysler rumor mill is spinning again. Ever since its parent, DaimlerChrysler, announced that it would consider all options for Chrysler, the speculation about potential owners who would take over the damaged company has been intense and churning. So far, though, none of the usual suspects looks like the ideal buyer.
Here are some of the stocks actively trading on Friday:
Ford Motor Co. is looking to significantly trim the number of suppliers it uses in an effort to cut costs from its $90 billion in annual purchases, according to a published report.
CANADIAN BILLIONAIRE FRANK Stronach made his fortune by building Magna International into one of the world's top suppliers to the automobile industry. His passion, though, has long been thoroughbre...
As resumes go, this one doesn't exactly leap out as the logical fit for the leader of a major political party in the world's eighth-largest economy: college dropout, no political experience, twice-...
At times the sport of kings is still just that. On the first Saturday in May, expensively clad women in big hats and men in sharp suits flock to Churchill Downs for the Kentucky Derby, which just c...
1 Marjorie Scardino CEO Pearson BRITAIN
IT ALMOST flunked out, but these days Magna International deserves a diploma cum laude. In the last decade it emerged from nowhere to become one of the top ten auto parts makers in North America. I...
Fortune: PRODUCTS TO WATCHupdated: Mon Dec 18 1989 00:01:00
TEDDY GRAHAMS One vanishing species the World Wildlife Federation need not get alarmed about: the billions of tiny teddy bear cookies disappearing from supermarket shelves across America. Nabisco's...
As interest rates have moved higher, the case for fixed-income securities has become more compelling. The betting of some top investment strategists, including those at Goldman Sachs and Donaldson ...
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