The American auto giant asks his German «daughter» not for money, but for the agreement on investment. As reports Financial Times, referring to informed sources, GM can give the majority of stake of Opel and British Vauxhall, as well as of the Swedish brand Saab to an investor who will promise to invest at least Read more
In the midst of the global financial crisis, all eyes and all hopes of the world’s automotive industry are turned to the Shanghai auto show. This is not surprising, given that China is now one of the most promising automobile markets. Companies that suffer losses in their homeland, earn profits in China. Everywhere where a Read more
The volume of retail sales in the United States grew by 0.5% in May 2009 compared with that of April and amounted to 339.99 billion dollars. Such data was released on Thursday, June 11, by the US Department of Commerce. Analysts had expected that this figure would increase by 0.6%. In annual terms, retail sales Read more
At the end of last week, a major mining company Rio Tinto – the world’s second-largest supplier of iron ore – announced its plans to establish a joint venture (JV) with rival BHP Billiton. If the transaction receives the approval of regulatory authorities, the joint venture will control some 60% of the world market of Read more
At the same time, the value of the securities of one of the largest glass manufacturers in Japan, Asahi Glass Co. increased by 5.35 per cent, after the analysts of several financial companies – JPMorgan Chase & Co., Mizuho Securities and Goldman Sachs – raised their recommendations on them from “neutral” to “buy” and put Read more