Daimler Leaves Tata

Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.

GM and Its Weak Brands

General Motors does not have much luck with the brands it was going to sell. From the very beginning the manufacturer did not have much hope for any future of Pontiac and the brand was completely eliminated. Saturn/Opel had several potential buyers, but the deals were not successful as GM thought, so it still belongs to the American company.

Toyota Shutting Down Plants

In the light of the recent mega-recalls Toyota started losing sales. In order to slow down the production, the manufacturer has decided to close two U.S. plants for an indefinite time till things clear up for the company.

China vs. Italy: Great Wall Sues Fiat

Opel Sale: to Be or not to Be

Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story.

New Ford Plant in China

Ford expands its work in China by building another assembly plant for 150,000 units a year. The sales of Ford vehicles grew by 30% in the country and this was the reason for building the third facility which increases the total production in China to 450,000 vehicles annually.

Volkswagen Expands in Russia

Volkswagen is growing by buying new brands and building new facilities. In the end of 2007 the company built an assembly plant in Kaluga, Russia where it started building Volkswagen Passat and Skoda Oktavia.

GM Finally Sells Saab

Finally the deal about the Saab sale is becoming clearer. GM Europe has announced that the Swedish manufacturer will be sold to Koenigsegg Group AB. There have been several candidates and in June the things started clearing out, but there was still a little uncertainty about the bid from the Koenigsegg company.

Fiat Takes over One More Company

Ford Cuts back on Nameplates

Ford has given an update to the future plans at the Mangement Briefing Seminars in Traverse city, Michigan. The manufacturer plans to reduce the amount of nameplates in the upcoming years, so, many of the existing lineups are going to be refreshed or replaced by new ones.