...its decision late on Tuesday, prompted by improved business conditions and the strategic importance of Opel as a small-car platform for GM going forward. [ID:nN05110811][ID:nL5184270] "We're not looking at any other transactions in that...

In this article: Magna International Inc, Opel, GM, Revenue, Volvo, Sberbank, and Saab

...serious," a statement read. " Formula 1 continues to lose major players: in the past twelve months, Honda , BMW , Bridgestone and Toyota have announced they are leaving the sport." In addition, Bridgestone will no longer be official tyre...

In this article: Formula One, Ferrari, Agatha Christie, Max Mosley, Bridgestone, Honda, Lotus, Ayrton Senna, and Colin Chapman

...the year." Toyota announced yesterday it was quitting F1, less than a year after Japanese rivals Honda pulled out and only days since BMW ran its last race. Sole tyre supplier Bridgestone has also said it will leave at the end of 2010.

In this article: Renault, Toyota, Formula One, Fernando Alonso, Flavio Briatore, Bridgestone, Honda, Ferrari, Ross Brawn, and Robert Kubica

...year." Toyota announced this week it was quitting the sport, less than a year after Japanese rivals Honda pulled out and only days since BMW ran their last race. In another blow to the sport, the sole tyre supplier Bridgestone has also...

In this article: Renault, Toyota, Formula One, Carlos Ghosn, ING, Bridgestone, Ferrari, Fernando Alonso, and BMW

...grid next year remains an open question " Formula 1 continues to lose major players: in the past 12 months, Honda , BMW , Bridgestone and Toyota , have announced they are leaving the sport. "In exchange, so to speak, we will now have, Manor,...

In this article: Ferrari, Formula 1, Agatha Christie, Toyota, Renault, BMW, Honda, Lotus, Ayrton Senna, and Colin Chapman

...is much more serious. " Formula 1 continues to lose major players: in the past twelve months, Honda , BMW , Bridgestone and, only this morning, Toyota , have announced they are leaving the sport. "In exchange, so to speak, we will now have,...

In this article: Ferrari, Agatha Christie, Formula 1, Bridgestone, Max Mosley, Toyota, Renault, BMW, and Honda

...economic realities" as the reason for its abrupt exit. However, Ferrari suggested that the withdrawal of Honda , BMW , Bridgestone and now Toyota is due to the actions of the sport's rulers and that the new four new teams in line to take their...

In this article: Renault, Formula One, Ferrari, Toyota, Flavio Briatore, Honda, Lotus, Fernando Alonso, Ross Brawn, and Robert Kubica

...plan to keep its Opel unit. However, automakers were in no mood to celebrate a potential recovery and continued to slash costs, with Toyota Motor Corp <7203. T> announcing on Wednesday it was quitting Formula One motor racing and Daimler AG...

In this article: GM, Opel, Chrysler, Toyota, Nissan, United States, Formula One, Detroit, Renault SA, and Bankruptcy

...board had favored a rival bid by investment firm RHJ International , in part for fear that Magna and Sberbank could create competition for Chevrolet in Russia , a key market. The offer from RHJ International required less government aid...

In this article: General Motors, Adam Opel, Magna International, GM Europe, Vauxhall, Europe, Sberbank, Bankruptcy, Chevrolet, and Volkswagen

It is the third manufacturer to abandon Formula One within a year, following in the slipstream of BMW and its Japanese rival Honda. Toyota blames the "abrupt economic challenges" that emerged last year for its departure. And it is not...

In this article: Toyota, Formula One, Honda, Ferrari, BMW, Tyre, Revenue, Abu Dhabi Grand Prix, Subaru, and Mercedes Benz

...Co. abandoned the sale of its European subsidiary to parts maker Magna International and Russian lender Sberbank. Klaus Franz , Adam Opel GmbH's top employee representative, called it a "black day" and said workers would start brief work...

In this article: General Motors Co., Opel, Magna International Inc., Germany, GM Europe, Angela Merkel, Bochum, and Sberbank

...agreed with GM 's decision said the company would have its work cut out to mop up the bad blood. "If I were GM , I would also hold onto Opel ," Opel worker Wolfgang Kruemmel , 64, told Reuters outside the Ruesselsheim plant. "But all this back...

In this article: GM, Opel, Magna, Venom, Labour, and Germany

...subsidiary, and Germany 's government vowed to recover euro1.5 billion ($2.2 billion) it loaned GM to finance the sale. Klaus Franz , Adam Opel GmbH's top employee representatives, said workers would walk out starting Thursday in brief,...

In this article: Opel, GM, Magna International Inc., Europe, Sberbank, Germany, Angela Merkel, and GM Europe

...competes with Chevrolet. GM Europe , which employs 54,000 workers in total and sells Opel and Vauxhall cars as well as Cadillac and Chevrolet , also markets brands including Cadillac and Chevrolet in Europe. GM Europe reported a pretax...

In this article: GM, Opel, Magna International, European Union, Chevrolet, Europe, GM Europe, Cadillac, and Sberbank

...of GM , the 101-year-old U.S. company that was unseated last year as the world's largest automaker by Toyota Motor Corp <7203. T>. Opel , founded in 1863 and which GM bought in 1929, is the backbone of General Motors ' European business.

In this article: Opel, General Motors, Magna, Bankruptcy, Europe, Sberbank, Toyota Motor Corp, and EU

...Canadian car parts maker Magna International Inc. and Russian lender Sberbank to take a 55 percent stake in Adam Opel GmbH , cementing their selection by GM in September over a rival bid from private equity firm RJH International SA. Under...

In this article: GM, Opel, Magna International Inc., Sberbank, Germany, EU, Europe, Russia, and Economics

By Jo Winterbottom and Bernie Woodall BMW <BMWG.DE> expects a slower recovery in 2010 U.S. auto sales than anticipated just a few months ago with consumer debt remaining a drag on the developing rebound, the automaker's president for...

In this article: BMW, United States, Inflation, Deflation, Lexus, and Toyota

...pinch. Fiat <FIA.MI> revenues fell 15.9 percent in the third quarter, while PSA Peugeot Citroen <PEUP.PA> sales contracted 7.7 percent. Toyota Motor Corp <7203. T> and Nissan Motor Co <7201. T> are also expected to report improved...

In this article: Daimler AG, Honda, BMW, United States, Revenue, Bankruptcy, Audi, Smart, and Honda Civic