The annual "Car Wars" report by Merrill Lynch analyst John Murphy predicts that, despite their seizing of U.S. market share over the last few tumultuous years, Korean brands Hyundai and Kia will give it all back and then some to companies like Ford, General Motors and Toyota by 2016.
What's it take to purchase a controlling stake in Volkswagen? Reuters' reports contacted all the major institutions involved in the deal and came up with 35 billion euros, or $46.47 billion US. To give Porsche the required 30.94-percent of shares, the guys and gals in Stuttgart have tapped ABN AMRO, Barclays Capital, Commerzbank Merrill Lynch and UBS to arrange the purchase.
One common complaint about General Motors in the past has been the amount of time it took the company to develop vehicles and get them to market. A recent study, however, shows that GM is certainly turning that around. The company is expected to tie Toyota Motor Corp. in "showroom age," which represents how new its showroom lineup is. The showroom age of each will be around 2.8 years by 2010. Chrysler is currently faring even better with 2.4 years to market.
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