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geniicapital

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    Renault F1: Sponsored by... Lada!
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    Renault R30 F1 car – click above for high-res image gallery
    Renault F1's got itself a new sponsor: Lada. The Russian automaker's logo will appear on the R30 racing cars, as seen above, as well as the driver and crew uniforms. The announcement was made at a meeting held this Monday in ...

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    Bernie Ecclestone and Genii Capital looking for another carmaker to buy?
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    With his stranglehold on Formula One's commercial rights firmly in place, Bernie Ecclestone is more accustomed to taking money than spending it. But after selling his prized classic car collection a couple of years ago, the F1 supremo teamed up with Luxembourg-based Genii Capital in a bid to take ...

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    Report: Spyker last bidder GM considering for Saab... or is it?
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    To paraphrase the once great weekend update anchor Chevy Chase, "Generalissimo Saab is still dead" and appears likely to stay that way. Bloomberg reports that Spyker is the last bidder standing to pick up the Swedish brand from General Motors, although Genii Capital and partner Bernie Eccelstone ...

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    BREAKING: Saab board reportedly votes to liquidate company, but GM still weighing bids
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    According to a press release quoted in Dow Jones Newswires, Stefan Lofven, head of Swedish trade union IF Metall, the board of Saab has voted today to liquidate the company. Simultaneously, General Motors has announced that it has hired AlixPartners to supervise the "orderly wind-down" of the ...

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    Update: Bernie Ecclestone tied to late-breaking Genii Capital bid for Saab
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    Bernie Ecclestone, the long-time Formula One impresario, has confirmed to Bloomberg that he plans to make a play to buy Saab from General Motors. The pitch is evidently part of the bid by Genii Capital that we told you about earlier today. Genii's last-minute pitch may have been the reason why GM ...

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    BREAKING: GM reportedly delays board meeting as new Swedish bidders emerge for Saab
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    Saab: A history in pictures – Click above for high-res gallery
    Just when we thought the financial soap opera surrounding Saab couldn't get any more convoluted or tortured, it has. Bloomberg is reporting that General Motors has once again delayed a meeting planned for today to determine the ...

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    Renault stays in Formula One after selling stake in team
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    The Renault name will remain on the Formula One grid when the series resumes in 2010 thanks to a deal announced on Wednesday. There had been considerable speculation in recent months that Renault would shut down its F1 effort and follow Honda, BMW and Toyota out the door. These rumors hit a fever ...

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