Business

VW in Talks with Tata on Joint Vehicle Programs

February 23, 2017 at 12:04 AM

Volkswagen AG is in advanced negotiations with Tata Motors Ltd. about jointly developing inexpensive cars for emerging markets, sources tell Bloomberg News.

PSA Targets €2 Billion Savings in Opel Acquisition

February 22, 2017 at 3:14 PM

PSA Group estimates that acquiring Adam Opel AG from General Motors Co. will hike the company’s global car sales to 5 million units and save the two operations as much as €2 billion ($2.1 billion) per year, sources tell Reuters.

PSA Vows to Honor Job Guarantees in Opel Bid

February 21, 2017 at 1:28 PM

PSA Group says it will abide by existing job guarantees for Adam Opel AG workers “in the European countries” if it successfully acquires Opel from General Motors Co.

Geely to Bid for Malaysian Carmaker Proton?

February 20, 2017 at 12:55 PM

Media reports say China’s Zhejiang Geely Holding Group Co. is a final bidder seeking to form a strategic partnership with Malaysia’s struggling Proton Holdings Bhd car company.

GM Shares Chevy Bolt EVs in California

February 17, 2017 at 3:49 PM

General Motors Co. has added the Chevrolet Bolt electric vehicle to its Maven car- and ride-sharing service in Los Angeles.

Opel Touts “Industrial Logic” of Sale to PSA

February 17, 2017 at 12:13 PM

Opel CEO Karl-Thomas Neumann tells employees in a letter that merging the General Motors Co. unit wiith PSA Group would create Europe’s second-largest carmaker and “forge a European champion,” Bild reports.

Germany’s Economy Minister Backs Opel Sale to PSA

February 16, 2017 at 5:28 PM

Plans to sell General Motors Co.’s Opel until to PSA Group are likely to move ahead, German Economy Minister Brigitte Zypries tells reporters after being briefed on the plan by senior executives from both companies.