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  • Newswire

    Supplier Continental Steps Up China Investment  

    CEO Elmar Degenhart says the German supplier plans to invest about €1 billion in China to 2019, the same amount it invested from 2010-2014....More
  • Newswire

    Greenlight Capital Acquires New Stake in GM  

    The hedge fund shed its stake in GM during last year's recall of cars with defective ignition switches but is reclaiming it in anticipation of the automaker's $5 billion share buyback....More
  • Newswire

    E-Commerce Giant Alibaba, Shanghai GM to Market Cars Online  

    Shanghai GM becomes the latest automaker to partner with Alibaba to offer online sales and financing for GM products and collaborate on marketing and aftermarket services....More
  • Newswire

    Magna Selling Bulk of Interiors Business to Spanish Firm  

    Spain's Grupo Antolin is spending $525 million to purchase 36 manufacturing plants with 12,000 employees in Europe, North America and Asia from the Canadian parts maker....More
  • Newswire

    Marchionne:FCA Likely to Retain 90% of Ferrari in IPO  

    The likely 10% limit on FCA's sale of Ferrari shares marks a switch from a month ago, when CEO Sergio Marchionne said the automaker might sell more than 10% to improve the shares' liquidity....More
  • Newswire

    Ford to gain control of Russia JV and provide finance  

    MOSCOW, April 10 (Reuters) - U.S. auto maker Ford Motor Co will take control of its Russian venture with Sollers and provide it with additional financial support, the Russian firm said on Friday. Ford is taking control in exchange for preferred shares in the Ford-Sollers venture, while its economic interest in the venture remains unchanged at 50 percent, Sollers said. The companies agreed the changes to the venture's shareholder structure on March 31, Sollers said, without providing any financial details of the transaction....More
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