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Archive | October, 2012

Peugeot Bailout Stirs Ford, Renault, VW’s Home State Protest

Will Brussels Declare €7 billion Loan Illegal? “If Peugeot will not either reduce plants or increase sales, there is a chance it might not exist anymore” Financially-stricken Peugeot-Citroen’s effective bailout by the French government caused consternation among investors and its competitors, and this news overshadowed any positive fall-out from news that its deal with GM […]

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Unions Protest, But Investors Laud Ford Europe’s “Bold” Action

“Ford’s E.U. restructuring efforts go deep, marking the most sweeping capacity reduction in the region in years” While unions called Ford Europe’s action to shut plants and curb losses a betrayal, investors lauded the company’s moves as bold and  necessary, and hoped that more financially pressed auto makers would follow suit. Ford Europe announced it […]

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BMW M6 Coupe review

Unbeatable Performance, Handling But Looks Too In-Yer-Face, Bling-like Surely BMWs Should Be Understated, Appealing To Finer Instincts rating **** out of 5 For – peerless performance, handling Against – strangely lack-lustre looks The BMW M6 Coupé and M6 Convertible are obviously amazing machines, engineered to a brilliant level and which cost fortunes. All the more weird then that they […]

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Chaotic European Market Spurs Opel-Peugeot Merger Talk

“Who ever heard about two car makers who are in trouble joining up” “Austerity programs, combined with political and nationalistic policies, have created a calamity for the European auto industry. If merging one horrendous loss-maker into another massive value-destroyer makes sense, business schools will have to throw their text books out the window and start […]

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All’s Going Too Well At VW, So Let’s Worry About Succession

Profit Forecasts Shaved To Take Account Of Bad News Audi Margin Forecasts Cut Too Investment bankers have been driving the new Golf VII, and despite being impressed with the car and the promise of greater long-term profits for Volkswagen, they have found something to worry about; the leadership succession, and VW’s underperforming share price. “Most […]

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Peugeot-Citroen May Have To Make More Cuts

Moody’s Sees Black Numbers in 2014 Peugeot-Citroen’s target of breaking-even by 2014 looks tough because of deteriorating markets even if it carries out its current plan impeccably, said Moody’s Investors Service as it cut the company’s rating again. Losses will continue into 2013 and further tough action might be required, Moody’s said. Peugeot-Citroen reported an […]

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