After facing what could be charitably described as a terrible year, Fisker founder and Chairman Henrik Fisker admitted in a recent interview that his company is "actively engaged in conversations with potential strategic partners." Speaking with TheDetroitBureau.com, Fisker went on to say that he'd, "like to see if we can get something done next year."
Suzuki is turning to legal arbiters in the UK in an attempt to force Volkswagen to return its 19.9-percent stake in the Japanese automaker, according to Automotive News Europe. VW purchased the sizable slice of Suzuki in 2009 for around $2.1 billion when the two embarked on a corporate partnership together, but the relationship soon hit trouble. Suzuki accused Volkswagen of failing to deliver on promises of shared technology, while the German manufacturer reportedly took issue with Suzuki opting
Automotive News reports BMW and Hyundai are currently engaged in talks that may lead to the two companies partnering on engine development. A German industry newsletter reported that Hyundai Chairman Chung Mong-koo's son, Chugn Eui-sun, recently met with a small group of BMW executives in Munich, and that the move would likely help the two manufacturers offset the heavy costs of engineering a new engine group. That cost can be as much as $1.3 to $2.6 billion.
Automotive News is reporting that stories in two other papers, France's La Tribune and England's The Financial Times, assert that General Motors and PSA Peugeot Citroën are "in advanced talks about an alliance." Neither maker would comment on the stories, but it has been well documented that both are looking to turn around their European operations. Peugeot's parent announced 6,000 job cuts late last year and the immediate cessation of Le Mans racing this year. Opel lost hundreds of million
In yet another example of two major automotive companies joining forces for the sake of CO2 reduction, BMW and Toyota announced a joint research collaboration that will tackle the problems of "next-generation environmental-friendly technologies."
You know the script – you meet somebody new and all cylinders seem to be firing in perfect harmony. You decide to see more of each other, consider moving your relationship to the so-called next level. You exchange keys. And that's when things start to go sour.
There seems to be a bit of a domestic disturbance between Suzuki and Volkswagen. According to The Truth About Cars, VW is a bit upset that the corporate tie-up between the two automakers hasn't borne more fruit. If you believe the whispers sneaking around the web right now, the German company even went so far as to leak its frustrations to the German press, saying that partnership is "a big disappointment" and that Suzuki expects full access to VW tech without having to reciprocate. Suzuki, mean
According to Reuters, Suzuki plans on ending joint development programs with General Motors next month - the two had been partnering on innovative hybrid and fuel-cell technologies. The news follows on the heels of last month's announcement that that Suzuki and Volkswagen had tied the knot (as part of that agreement, VW bought 19.9 percent of Suzuki and effectively became the automakers biggest shareholder - a position formerly held by GM). As the theory goes, it soon become clear that working
Beijing Automotive Industry Holding Co. (BAIC), announced as a minority partner in Koenigsegg's deal to purchase Saab from General Motors two months ago, plans to produce the Saab 9-5 on Chinese soil next year. The involvement of BAIC in the Saab transaction helps Koenigsegg close the deal and gives the Chinese company leverage to re-badge the previous-generation Saab 9-5 as its own or to simply expand the brand's existing reach within the country.
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 the two automakers would be in place by the end of the year. "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen
If you've been waiting on pins and needles for a small Chrysler that's due to be built in China by Chery, you're going to have to twiddle your thumbs a little longer. Though we've been hearing about a Chrysler/Chery Hornet or Demon for some time, execs from both companies don't believe the products are ready for North America, yet. Quality and safety are still a concern with the vehicles, but Chrysler's China boss Phil Murtaugh feels the challenges are far from insurmountable. Chery Chairman, Yi