Industry Developments
Germany
German auto parts supplier Continental has rejected smaller company rival Schaeffler's takeover bid, worth some EUR11.2bn (US$17.9bn), stating that the offer was undervalued. Continental's...
2008-07-17German auto parts supplier ElringKlinger is looking to acquire companies with a turnover of between EUR30mn and EUR200mn, in order to achieve its target of generating profits of over...
2008-07-17Germany
Strong engineering has so far won German carmakers a good reputation for making high-end cars. However, carmakers feel they are lagging in terms of their contribution to environmentally...
2008-07-15France
French car parts maker Faurecia - which has been supplying seats for Toyota Motor's Yaris cars - has failed to renew its contract with the Japanese maker. As such, Faurecia will be...
2008-07-11Italian auto manufacturer Fiat and Germany's BMW have agreed to co-operate on the joint use of systems and auto parts in BMW's Mini and Fiat's Alfa Romeo vehicles. The memorandum...
2008-07-10Sweden
Swedish car manufacturer Volvo has received a grant of US$18mn (GBP9.04mn) from the US Department of Energy (DoE) and the Swedish Energy Agency towards the development of alternative...
2008-07-10German carmaker BMW reported an increase of 4.7% in its global sales for the BMW, Mini and Rolls-Royce models in H108 - despite tough economic conditions in its major automobile
2008-07-08Sweden
The ailing division of Ford Motors, Volvo is coming up with strategies to make up for its rapidly diminishing sales in the market. The Swedish carmaker is introducing new diesel models...
2008-07-04
