Posted by Stephanie Startz on November 4, 2009 07:09 AM
GM backs out of Opel deal with Magna International. [WSJ]
Toyota considers evolving the Prius into a family of vehiches. [MediaPost]
Renault SA revives the legendary Gordine brand. [WSJ]
Chinese environmentalist Su Wei calls Hummer a "garbage brand." [Newsweek]
Kraft defends its Cadbury bid, generates $9 billion in financing. [Times of London]
China approves Disney theme park for Shanghai. [NY Times]
Marks & Spencer to sell branded grocery products. [WSJ]
Tool manufacturers Black & Decker and Stanley Works to merge. [WaPo]
(More headlines: Twinings, Adidas, Glenfiddich in China.)Continue reading...
Posted by Laura Fitch on September 23, 2009 02:45 PM
China’s auto industry is revving for international expansion.
After years serving as the country where the world’s cars (or at least a large number of their parts) were made, China’s auto execs are eyeing established international carmakers to take over.
Reuters recently listed several such proposed mergers, with Geely Automotive’s parent company approaching Canadian auto parts maker Magna International about a stake in Opel (Magna isn't interested), and preparing a bid for Ford's Volvo unit.Continue reading...