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Mazda eyes $2bn share offering as strong yen bites

Wednesday, 22 February 2012 at 17:56, Reuters, Tokyo

Mazda Motor Corp said on Wednesday it was looking to raise up to ¥162.8 billion ($2bn) in its second public share offering in 2-1/2 years, underscoring the Japanese automaker's vulnerability to the s

Volvo January truck deliveries up 2pct year-on-year

Wednesday, 22 February 2012 at 13:00, Reuters, Stockholm

World number two truck maker Volvo AB said on Wednesday shipments of its trucks rose 2 per cent year-on-year in January, with a 22 per cent jump in North America helping offset weaker markets elsewher

Korea auto-parts makers gain on US trade optimism

Wednesday, 22 February 2012 at 12:07, Bloomberg

Mando Corp led gains by South Korean makers of automobile parts in Seoul trading on speculation their earnings will benefit from a free-trade agreement with the US.

Lamborghini revives Rambo to win in China

Wednesday, 22 February 2012 at 10:55, Bloomberg

Volkswagen AG’s Lamborghini is upending tradition with a new sport-utility vehicle, joining Bentley and Maserati in super-sizing their supercars to make more of a mark in China.

Ford pours $3.8bn into pension plan, eyes shift to bonds

Wednesday, 22 February 2012 at 10:50, Reuters, Detroit

Ford Motor Co is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest US automaker moves more aggressively to minimi

Geely, Volvo to set up China joint venture

Wednesday, 22 February 2012 at 10:20, Reuters, Hong Kong

Zhejiang Geely Holdings Group Co said on Wednesday that it plans to set up a joint venture with unit Volvo Car Corp in China and hopes to announce a project to develop and produce an indigenous brand

PSA Peugeot Citroen in alliance talks

Wednesday, 22 February 2012 at 09:44, Reuters, Paris

PSA Peugeot Citroen, Europe's no 2 car maker, said it is in talks over potential co-operations and alliances but did not name its possible partners, after media reports said it was in advanced discuss

Egypt's GB Auto to assemble Geely autos

Tuesday, 21 February 2012 at 13:32, Reuters, Cairo

GB Auto, Egypt's biggest listed automobile assembler, said on Tuesday it had agreed to assemble passenger cars provided by Hong Kong-based Geely Automobile Holding Ltd and begin distributing Geely car

Mazda to raise $2bn in share issue, loans

Tuesday, 21 February 2012 at 10:04, Reuters, Tokyo

Japan's Mazda Motor Corp plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said on Tuesday - a bigger-than-expected fund raising that sent its

GM Europe fix to cost $1bn: analysts

Saturday, 18 February 2012 at 11:51, Bloomberg

General Motors Co, facing mounting losses in Europe, will have to spend at least $1 billion to revive its operations in the region, according to estimates from three analysts.


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