plus 4, Unemployed Ind. man wins $2 million in lottery - Republic |
- Unemployed Ind. man wins $2 million in lottery - Republic
- New developments for GM with Saab, Opel brands; Canadian court rules ... - Austin American-Statesman
- TIMELINE: Koenigsegg pulls out of deal to buy Saab - Reuters
- Our automotive radio shows this weekend - Huffingtonpost.com
- TRW Automotive Holdings Corp. - Financial and Strategic Analysis ... - PR Inside
| Unemployed Ind. man wins $2 million in lottery - Republic Posted: 27 Nov 2009 01:17 PM PST ACCESS DENIED
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| New developments for GM with Saab, Opel brands; Canadian court rules ... - Austin American-Statesman Posted: 27 Nov 2009 07:51 PM PST BUSINESS DIGEST Saturday, November 28, 2009AUTOMAKERS New interest in GM's Saab after failed deal, spokeswoman says STOCKHOLM — A spokeswoman for General Motors Co.'s Saab unit said Friday that several potential buyers have expressed interest in the Swedish brand after a specialty car maker pulled out of a deal to acquire it. On Tuesday, a group led by Sweden's Koenigsegg Automotive AB dropped out of a deal to buy Saab that had been in the works since June. A person briefed on GM's plans said Wednesday that the automaker had not talked to any potential buyers. Saab spokeswoman Gunilla Gustavs didn't identify the potential suitors but said Saab was in close contact with more than one. Saab has been in a court-protected restructuring since Feb. 20. GM: New models, fiscal targets part of strategy for Opel unit FRANKFURT — General Motors' top European official said that a plan for Opel, the company's German unit, to be unveiled next month will include a schedule to launch new models and a financial break-even target. Nick Reilly's comments in an official GM blog came as the U.S. automaker finalizes its restructuring plan for Adam Opel GmbH and British sister brand Vauxhall, a program it has said will result in about 9,000 job cuts across the continent. GM is in consultations with European government officials and employee representatives. Reilly said this week that up to 60 percent of the job cuts could come from Germany and that the future of an Opel plant in Antwerp, Belgium, is uncertain. RETAILERS Canadian high court: Wal-Mart had right to ax unionized store TORONTO — Canada's Supreme Court said that Wal-Mart Stores Inc. was within its rights to close a store in Quebec in 2005, seven months after workers voted to become the company's first in North America to unionize. The highest court in Canada ruled in a 6-3 margin that the giant retailer had the right to shut down the outlet in Jonquiere, Quebec, and lay off 190 employees. A Wal-Mart Canada spokesman said the ruling is consistent with previous decisions from a Quebec labor commission and Quebec courts. The ruling doesn't change the ability of workers to seek remedies against an employer who closes a store because of anti-union motives, but it does affect whether employees can claim an advantage by saying they lost their jobs because they exercised collective-bargaining rights, said Justice Ian Binnie, one of the Supreme Court's nine judges. MEDIA Four days after its debut issue, Detroit daily announces hiatus ROYAL OAK, Mich. — A new Detroit-area newspaper said it will stop publishing for six weeks, until after Jan. 1. The Detroit Daily Press hit the streets Monday, and home delivery was planned for next week. But on its Facebook page, the paper said Friday there's been a lack of advertising, sales and distribution. The paper calls it "just a bump in the road." Publishers Mark and Gary Stern say they created the paper to provide seven-day-a-week home delivery after The Detroit News and Detroit Free Press reduced home delivery to three days a week. — Compiled from wire reports This content has passed through fivefilters.org.  This posting includes an audio/video/photo media file: Download Now |
| TIMELINE: Koenigsegg pulls out of deal to buy Saab - Reuters Posted: 25 Nov 2009 04:44 AM PST (Reuters) - A deal for U.S. carmaker General Motors (GM) to sell its struggling Swedish unit Saab has collapsed. Following are key events in Saab's history: 1946 - Svenska Aeroplan Aktiebolaget (SAAB), founded in Sweden in 1937 to produce high-performance aircraft, starts to produce cars. 1969 - Saab AB and truck manufacturer Scania-Vabis AB merge under the name Saab Scania AB. 1990 - The Saab car division is restructured into an independent company. Investor AB and GM each own 50 percent. 2000 - GM takes 100 percent ownership of Saab. January 11, 2009 - GM says has been in talks to sell Saab. January 12 - Sweden says it will not take a stake in Saab or plan more aid. February 20 - A Swedish court grants Saab protection from creditors as it tries to find a new partner and raise fresh funds. February 23 - Sweden says it can guarantee a European Investment Bank loan to Saab if a new owner that can cover half the necessary financing emerges. August 18 - Sports car maker Koenigsegg seals deal with GM to buy Saab. September 9 - Chinese state-run Beijing Automotive Industry Holdings (BAIC) inks deal to take a minority stake in Koenigsegg as part of the deal to buy Saab. November 24 - Koenigsegg says it has pulled out of talks to buy Saab. Sweden effectively rules out a state bailout. November 25 - BAIC says it is reviewing its options. Sources: Reuters/ www.saabusa.com; (Writing by Jijo Jacob, Bangalore Editorial Reference Unit; Additional writing and editing by David Cutler, London Editorial reference Unit) © Thomson Reuters 2009 All rights reserved This content has passed through fivefilters.org.  This posting includes an audio/video/photo media file: Download Now |
| Our automotive radio shows this weekend - Huffingtonpost.com Posted: 26 Nov 2009 11:55 PM PST Join us LIVE Saturday at 11am Pacific/2pm Eastern (NEW TIME!) and Sunday at 5pm Pacific/8pm Eastern on www.TalkRadioOne.com for our exclusive LIVE motoring and motorsports talk shows! Steve Parker's The Car Nut Show Some major car news this week: Toyota has admitted a major mechanical problem with its 3.8 million recalled Toyota and Lexus vehicles, after denying it just a week ago. And the "acceleration incidents" are not because of the wrong-sized floor mats; it's the gas pedals and maybe the ECUs in all the vehicles, too. And this week Toyota also announced a 110,000 unit recall of their Tundra pickup. Also, the Euro company which was negotiating with GM to buy Saab has backed out of the deal ... and there was plenty more, too. Let's discuss! The call-in number is: 213-341-4353. Steve Parker's World Racing Roundup This morning I had my first drive in the Chevrolet Volt extended-range hybrid and I'll have my first report on this critical car for GM. Thanksgiving night I went to the Turkey Night Grand Prix at Irwindale Speedway and we'll have a full report on the great competition there. This week is NASCAR's "Champion's Week" and for the first time ever it's being held in Las Vegas ... and fans can pay to attend and see their favorite drivers reap their rewards. Plus plenty from racing's 'silly season'. The call-in number is: 213-341-4353. Join in! Podcasts of both shows are available one hour after the live shows conclude. That's our NEW TIME this Saturday at 11am Pacific/2pm eastern and Sunday at 5pm Pacific/8pm Eastern time every week on www.TalkRadioOne.com! Follow Steve Parker on Twitter: www.twitter.com/autojourno This content has passed through fivefilters.org. |
| TRW Automotive Holdings Corp. - Financial and Strategic Analysis ... - PR Inside Posted: 27 Nov 2009 11:08 AM PST 2009-11-27 20:09:03 - TRW Automotive Holdings Corp. - Financial and Strategic Analysis Review - a new market research report on companiesandmarkets.com
www.companiesandmarkets.com/Summary-Company-Profile/trw-automoti .. TRW Automotive Holdings Corp. - Financial and Strategic Analysis Review Summary TRW Automotive Holdings Corp. - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of TRW Automotive Holdings Corp.. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward.TRW Automotive Holdings Corp. (TRW Automotive) is a US-based company engaged in the manufacture and supply of automotive systems. The product portfolio of the company includes steering gears and systems, air bags foundation brakes, chassis modules, seat belts, ABS and other brake control products. TRW Automotive is engaged in the manufacture and sale of active and passive safety related products. The company supplies its products principally to original equipment manufacturers (OEMs) and related aftermarkets. The company has classified its business into three segments namely, Chassis Systems, Occupant Safety Systems, and Automotive Components. Recent Developments Sep 15, 2009: TRW Automotive Designs New Airbag Modules Scope - Provides key company information for business intelligence needs Reasons to buy - A quick one-stop-shop to understand the company. This content has passed through fivefilters.org. |
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