Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Daimler reportedly cutting ties with Iran over nuclear program]]>http://www.autoblog.com/2010/04/19/daimler-reportedly-cutting-ties-with-iran-over-nuclear-p/http://www.autoblog.com/2010/04/19/daimler-reportedly-cutting-ties-with-iran-over-nuclear-p/http://www.autoblog.com/2010/04/19/daimler-reportedly-cutting-ties-with-iran-over-nuclear-p/#commentsFiled under: , , , ,



With pressure mounting on Iran to halt its nuclear program, Daimler is reportedly joining the growing list of businesses - German ones especially - that are reducing their commercial activities with the rogue nation.

Daimler has strong business ties in Iran, principally centered around the production and sales of commercial vehicles and diesel engines. Among the moves being undertaken by the German industrial giant are the sale of its 30 percent stake in Iranian Diesel Engine Manufacturing and the withdrawal of an application to sell civilian vehicles to Iran. Critics maintain that the moves are insufficient in the global campaign against Iran's nuclear program, but point towards the initiative as a positive step in the right direction.

The announcement has hit the wire hot on the heels of the nuclear security summit which President Obama hosted recently in Washington, where measures - largely supported by German Chancellor Angela Merkel (pictured above with Daimler chairman Dr. Dieter Zetsche) - aimed at isolating Iran were discussed.

[Source: Automotive News - subs. req. | Image: Sascha Schuermann/AFP/Getty]

Daimler reportedly cutting ties with Iran over nuclear program originally appeared on Autoblog on Mon, 19 Apr 2010 11:39:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>angela merkelAngelaMerkeldaimlerdieter zetscheDieterZetschedr. dieter zetscheDr.DieterZetscheiraniran khodroiran nucleariran nuclear programiranian diesel engine manufacturingIranianDieselEngineManufacturingIranKhodroIranNuclearIranNuclearProgramkhodromercedes-benztehranMon, 19 Apr 2010 11:39:00 EST http://www.autoblog.com/feed/19445042/article-comments.xml http://www.autoblog.com/feed/2010/04/19/daimler-reportedly-cutting-ties-with-iran-over-nuclear-p/19445042/article-detail.xml 19445042 http://www.blogcdn.com/www.autoblog.com/media/2010/04/merkel-zetsche-daimler-630-getty_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2010/04/merkel-zetsche-daimler-630-getty.jpg <![CDATA[German government approves majority sale of Opel to Magna, Russians]]>http://www.autoblog.com/2009/05/31/german-government-approves-majority-sale-of-opel-to-magna-russia/http://www.autoblog.com/2009/05/31/german-government-approves-majority-sale-of-opel-to-magna-russia/http://www.autoblog.com/2009/05/31/german-government-approves-majority-sale-of-opel-to-magna-russia/#commentsFiled under: , ,

With General Motors expected to file for chapter 11 bankruptcy protection in New York on Monday morning, negotiators in Germany scrambled to finalize a deal to save Opel from insolvency. Following a six-hour meeting in the German Chancellor's office in Berlin on Friday evening, a deal was finally announced by finance minister Peer Steinbrueck. Although an overall deal to transfer control of Opel from General Motors was reached, details are still being worked out and a final contract won't be signed for several more weeks.

Under the deal announced early Saturday morning, GM will retain a 35-percent stake in Opel, which would allow the automaker to continue sharing technology with the German brand. Russia's government-controlled Sberbank is providing most of the financing for the deal and also gets a 35-percent share. Canadian auto parts maker and contract assembler Magna International will own 20 percent and the remaining 10 percent will go to Opel employees.

The German government will also provide a $2.1 billion bridge loan to Opel to help it keep operating during the transition phase. A key to the deal was German government demands that Opel assets be protected from GM creditors during a US bankruptcy proceeding. Opel will apparently be placed into some sort of trust in order to keep it whole and preserve its value for the new majority owners. President Barack Obama agreed to the deal with German Chancellor Angela Merkel during a late-night phone call.

It's not known at this point how GM's UK operations at Vauxhalll figure in to all of this and whether any of it will be preserved, consolidated into Opel, or sold off separately.

[Source: Reuters]

German government approves majority sale of Opel to Magna, Russians originally appeared on Autoblog on Sun, 31 May 2009 11:44:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>angela merkelAngelaMerkelbankruptcygm eugm europeGmEuGmEuropemagnamagna internationalMagnaInternationalopel saleOpelSaleSun, 31 May 2009 11:44:00 EST http://www.autoblog.com/feed/19052269/article-comments.xml http://www.autoblog.com/feed/2009/05/31/german-government-approves-majority-sale-of-opel-to-magna-russia/19052269/article-detail.xml 19052269 http://www.blogcdn.com/www.autoblog.com/media/2009/05/opel_logo_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/05/opel_logo.jpg <![CDATA[German Chancellor says NO to more autobahn speed limits]]>http://www.autoblog.com/2007/10/29/germans-chancellor-says-no-to-more-autobahn-speed-limits/http://www.autoblog.com/2007/10/29/germans-chancellor-says-no-to-more-autobahn-speed-limits/http://www.autoblog.com/2007/10/29/germans-chancellor-says-no-to-more-autobahn-speed-limits/#commentsFiled under: ,

Autobahn SignIt looks like Germany's autobahn system is safe from a potential increase of speed-limited areas, for now at least. As posted on numerous occasions, environmentalists, the European Union and even citizens of Germany have called for the adaptation of 80 mph (130 km/h) limits in the currently ungoverned sections. However, today the Chancellor of Germany, Angela Merkel, publicly rejected a proposal aimed at reducing automotive emissions through autobahn speed regulations. Thankfully, Mrs. Merkel is a logical woman as she stressed that traffic jams caused by slow vehicles contribute as much greenhouse gas as a few speedsters. She offered better traffic management as a more effective solution to the Autobahn issue. Now, if only Angela Merkel could bring her ideas over to California.

[Source: Piston Heads]

German Chancellor says NO to more autobahn speed limits originally appeared on Autoblog on Mon, 29 Oct 2007 18:44:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Angela MerkelAngelaMerkelAutobahnGerman ChancellorGermanChancellorGermanySpeed LimitSpeedLimitMon, 29 Oct 2007 18:44:00 EST http://www.autoblog.com/feed/1024479/article-comments.xml http://www.autoblog.com/feed/2007/10/29/germans-chancellor-says-no-to-more-autobahn-speed-limits/1024479/article-detail.xml 1024479 http://www.blogcdn.com/www.autoblog.com/media/2007/10/autobahn_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2007/10/autobahn.jpg -1 2