Friday, September 25, 2009
* 25.09.2009 Declaration of intent signed by CEOs Munich. The BMW Group and Allianz SE are planning to intensify their cooperation on a global level. The CEOs of the two companies, Norbert Reithofer and Michael Diekmann, signed the respective declaration of intent in Munich yesterday. The agreement focuses on a range of vehicle and mobility [...]
Thursday, September 24, 2009
- EUR 1 billion investment – 300,000 units per year and 11,000 jobs by 2011 (Nosovice, Czech Republic) Hyundai Motor Co., South Korea’s largest automaker, officially opened its EUR 1 billion manufacturing plant in Nosovice, Czech Republic, today. With mass production having started in November last year, Hyundai Motor Manufacturing Czech (HMMC), a fully-owned subsidiary [...]
Thursday, September 24, 2009
New Delhi – General Motors India and Reva Electric Car Company announced today in New Delhi the signing of an agreement to cooperate in the development of electric vehicles for the India market. GM India and Reva will jointly develop car platforms, electric vehicle technology and advanced vehicle control systems. Their goal is to create [...]
Friday, September 18, 2009
Stuttgart , Sep 18, 2009 *Largest contract to date for Daimler Buses in the Netherlands for 350 buses *Additional orders for 75 urban buses with environmentally friendly natural gas drive *Delivery of Mercedes-Benz urban and intercity buses to be concluded in December 2009 Daimler Buses has once again won two contracts, and as a result [...]
Thursday, September 17, 2009
Stuttgart , Sep 17, 2009 Dr. Joachim Schmidt (61), currently Head of Sales Central/Eastern Europe, Africa & Asia, will take over the position of Head of Sales and Marketing at Mercedes-Benz Cars, including responsibility for sales companies around the world, as of October 1, 2009. He will replace Dr. Klaus Maier, who has decided not [...]
Wednesday, September 16, 2009
Munich/Hinwil, 15th September 2009. BMW AG, based in Munich, Germany, is pleased to announce today that Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European based families, has agreed to purchase the BMW Sauber F1 Team, based in Hinwil, Switzerland. The contract was signed today (Tuesday). A strong [...]
Monday, September 14, 2009
Investment of four billion euros in plant expansion and new products Wolfsburg/Beijing, 11 September 2009 – The Volkswagen Group is set to continue its growth in China over the next few years. Between 2009 and 2011, the Group is to invest a total of four billion euros in new products and the expansion of production [...]
Saturday, September 12, 2009
Maranello, 11 September 2009 – The relationship between Michael Schumacher and Ferrari seems to be destined to last forever. After eleven years as a driver for the Scuderia, winning five Drivers’ and six Constructors titles with the team, Michael will continue working as a consultant for the Prancing Horse, which he has been doing since [...]
Friday, September 11, 2009
Maranello, 10th September – Scuderia Ferrari Marlboro is pleased to announce that it has reached an agreement with the Santander Bank, which, as from 2010, will become of the team’s most important sponsors. “We are very happy to have a new partner like Santander, with whom we are beginning a very important and long term [...]
Thursday, September 10, 2009
* GM to sell 55% stake in New Opel to Magna/Sberbank * Agreement on new ownership structure signals fresh start for New Opel * Employees to hold 10% stake in New Opel * Government supports financing through additional state guarantees Zurich. General Motors today announced that its Board of Directors supports a bid from the [...]
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