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 3 weeks ago
By Viliyana Filipova On Wednesday, January 18th, 2017
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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
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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
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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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