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merger

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    Report: VW, Fiat deny merger talks
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    All parties involved are actively denying a potentially Earth-shattering shakeup in the automotive universe, as a German business publication claimed that Volkswagen and Fiat have been discussing the possibility of a merger. The magazine, Manager Magazin, claimed that Fiat was looking to ditch ...

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    Report: Marchionne assures Fiat jobs will stay in Italy, amid Chrysler merger talks
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    Even though Fiat CEO Sergio Marchionne has repeatedly said he won't pick up, leave Italy and take his Fiat factories with him, his occasional pointed comments about the challenges of running operations in that country has worried Italian politicians dealing with government, economic and ...

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    Official: ALMS and Grand-Am make merger official, first joint race named
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    Earlier reports of a merger between the American Le Mans Series and the Grand-Am Rolex Sports Car Series have proven to be well founded today, as representatives from both series have confirmed that the merger is indeed taking place. Grand-Am founder Jim France and ALMS founder Don Panoz stated ...

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    Report: Porsche, VW finally say "I Do"
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    If you weren't paying close attention, you probably missed the climax of the Volkswagen and Porsche union. After three years of trying to plan the perfect wedding – and by "perfect" we mean one in which VW didn't have to pay $1.9 billion in tax on the transaction – and two years in ...

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    Official: Fiat increases Chrysler stake to 58.5%
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    How important is the forthcoming 2013 Dodge Dart to the future of Chrysler? Well, it allowed Fiat to boost its stake in Chrysler for the fifth time in the past year today, adding five percent to bring Fiat's total ownership to 58.5 percent. That's because the new Dodge sedan scored a combined 40 ...

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    Report: Investment groups file $2.6B suit against Porsche over VW takeover bid
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    The Volkswagen takeover of Porsche may look like a slam-dunk, but a group of investment funds is hoping to change that. Bloomberg reports that the investment group has filed a lawsuit in Stuttgart, Germany, seeking $2.6 billion in damages. The group's issue traces back several years earlier to ...

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    Official: Volkswagen/Porsche merger not happening this year
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    In late 2009, Volkswagen announced that it would take a 49.9-percent stake in Porsche AG, with the full merger of the two companies expected to be finalized sometime in 2011. Well, 2011 only has a few more months left, and Volkswagen has officially announced that these plans won't come to fruition ...

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    Official: Sirius and XM to consolidate channel lineups
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    Starting on Wednesday, May 4, Sirius Satellite Radio and XM will finally be almost completely indistinguishable from one another. Since their merger, the two satellite radio providers have sported the same channels, just on differently-numbered stations. Starting Wednesday, though, the channel ...

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    BREAKING: Hertz reportedly buying Dollar Thrifty car rental rival for $1.17B
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    Good news, rental car fans – Hertz has managed to expand its operations by over 1,500 locations. The company has reportedly just agreed to snatch up Dollar Thrifty car rental in a $1.17 billion deal that included both cash and Hertz stock. According to USA Today, that figure values Dollar ...

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    Volkswagen-Porsche merger in jeopardy over hedge fund suits and tax issues?
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    It seems the merger between Volkswagen and Porsche has been complicated since the very beginning, and a report from Reuters shows that the dynamic may not change any time soon. First Porsche was buying the much larger VW, then Porsche got stuck in a cash crunch and needed money from Volkswagen to ...

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    Report: PSA Peugeot-Citroen, Mitsubishi inch closer to stock swap
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    Peugeot 4007, a rebadged Mitsubishi Outlander – Click above for high-res image gallery
    'Tis the season to form mergers, and the latest could involve a large stock swap between Mitsubishi and PSA Peugeot-Citroen. The two automakers have longstanding ties that include such projects as the ...

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    Is Peugeot-Citroën on the verge of buying Mitsubishi?
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    The French and the Japanese have gotten together to form a magic partnership once already with Carlos Ghosn at the helm. The question is, then, can that success be replicated? PSA Peugeot-Citroën seems to hope so, and it is reportedly on the verge of purchasing a controlling stake (somewhere ...

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    REPORT: Ghosn still thinks Renault-Nissan should have partnered with GM in 2006
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    With all the trials and tribulations General Motors has endured during the past year, we almost forgot that the Detroit, MI-based automaker nearly got itself tied up with Renault-Nissan. Back in 2006, the two companies discussed joining forces to become a singular global automotive juggernaut, ...

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    Volkswagen looking to take stake in Suzuki by year's end?
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    The rumors keep coming. Just last month, we reported that Volkswagen AG was interested in a small slice of Suzuki Motors. Now, the German industry publication Automobilwoche is reiterating the same news. Apparently, a Suzuki executive at the Frankfurt Motor Show mentioned that an agreement between ...

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    Porsche and VW expected to keep NA operations independent?
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    The German auto industry is in for a big shakeup with the news that Porsche will be merging with the Volkswagen group. But while Wolfsburg and Stuttgart prepare for mutual integration, on this side of the Atlantic, business is expected to carry on as usual.According to the latest report from ...

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    PSA Chairman Thierry Peugeot keen on merger
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    PSA/Peugeot-Citroen incoming CEO Philippe Varin (left) and chairman Thierry Peugeot (right)
    It's buddy-up time in the European auto industry, and French automaker PSA/Peugeot-Citroen does not want to be left all by itself. With Fiat gobbling up automakers large and small, and General Motors poised ...

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    REPORT: Porsche expects to book $979.5 million in profits for fiscal year
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    Porsche may have gotten in over its head when it tried to take over Volkswagen outright, but that doesn't mean the German automaker is struggling to sell premium sports cars. The Stuttgart-based automaker is planning on selling 80,000 units in 2009 at an astounding profit margin of 12%. That's $979 ...

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    Look Who's Talking Again: Porsche, VW resume negotiations
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    The way things read, Porsche might not have to get a merger deal done with Volkswagen, but it would appear to be in the carmaker's best interests if it does. The holdup seems to be Porsche – since VW still doesn't know what Porsche's financial situation is, talks broke down earlier this week. ...

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    VIDEO: Hoofy and Boo's take on the Chrysler-Fiat tie up
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    Hoofy and Boo: Click above to watch the video after the jump
    You may or may not have heard of Hoofy and Boo. They're animated characters from the site Minyanville. Hoofy is the big, confident anchorman that just so happens to be a CGI bull. Boo is a bit more cynical about the world at large, and ...

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    Porsche and Piech companies to own about half of post-merger VW?
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    Porsche's merger with Volkswagen is a step back from Porsche taking outright control of VW, something the automaker has been fighting various German entities to do for over a year. The willingness to co-exist is being put down to Porsche's debt levels, which can't be easy to refinance when banks ...

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