General Motors is Close to a Deal on Opel

After appearing to be close to falling apart, a deal between General Motors and PSA Group for PSA to acquire GM’s European operations seems to be close. The two sides were having difficulty over the resolution of $10 billion in pension liabilities that Opel currently has as well as agreements on competing with General Motors in areas outside of More...

by David Duncan | Published 2 months ago
By Viliyana Filipova On Wednesday, January 18th, 2017

Huge $1 Billion Investment by General Motors in USA

Huge automotive news this week as General Motors announced the investment of $1 billion in plants located in the United States. The news comes after President-Elect Donald Trump used Twitter to take a jab at the More...

By Viliyana Filipova On Friday, January 13th, 2017

Auto Parts Supplier Takata Fined $1 Billion in Air Bag Investigation

Industrial auto supplier Takata Corporation has been hit with a massive $1 Billion fine resulting from a probe into air bags. Along with the fine, three of the companys employees have been charged with wire fraud More...

china industry
By Viliyana Filipova On Tuesday, September 27th, 2016

Profits of Chinese industrial companies rose to 3-year peak

The profits of Chinese industrial companies rose to 3-year peak and thus signaled that the manufacturing sector continues to stabilize and there are good prospects for the payment of debts. The profit of industry More...

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