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Business - German minister backs Peugeot-Opel deal after GM assurances


By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - Germany expects PSA Group`s proposed acquisition of General Motors` Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures. `I expect it to take place,` Economy Minister Brigitte Zypries told reporters after discussions with senior executives from General Motors and PSA, maker of Peugeot and Citroen cars. The German government is `doing everything we can` to preserve Opel`s domestic plants, Zypries said.


Thursday, February 16, 2017  19:43

Yahoo

Business - GM tries to reassure UK, Germany over Peugeot-Opel talks


By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - General Motors has played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group , according to officials in both countries. News of the talks between the two automakers earlier this week sparked particular concern in Germany and Britain, where Opel and Vauxhall employ thousands of workers.


Thursday, February 16, 2017  17:13

Yahoo

World - GM chief in talks with UK amid alarm over possible unit sale


LONDON (AP) — Britain`s business secretary says he had constructive talks with the president of General Motors amid alarm that thousands of jobs could be lost by the possible takeover of GM`s Opel division by France`s PSA Group.


Thursday, February 16, 2017  15:00

Yahoo

Business - GM`s Opel, Peugeot lagging rivals in strong European market: ACEA


BERLIN (Reuters) - General Motors and PSA Group posted weaker European sales in January than any other major carmaker as they discuss a possible purchase of GM`s European auto operations by PSA. A combination between GM and PSA would create a manufacturer with about 16 percent of the European passenger car market, ahead of French rival Renault and behind Germany`s Volkswagen . New passenger car registrations at PSA, including the Peugeot, Citroen and DS brands in the European Union and the European Free Trade Association rose 6.5 percent in January, compared with 5. ...


Thursday, February 16, 2017  07:23

Yahoo

World - Mexico`s pollution: how two entrepreneurs are driving change by embracing old cars


After decades as the standard taxi model in Mexico City, the Volkswagen Bug is considered “classic” Mexico. Take the 2002 white VW Bug parked in the gravel lot alongside Alto Rendimiento Automotriz, Álvaro de la Paz`s car shop. The engine has been replaced with an electric motor held up by handcrafted supports, and the back window looks down on rows of bright blue lithium batteries.


Friday, February 17, 2017  16:21

Yahoo

Sports - How That Pro Cyclist Hid a Motor in Her Bike


`Mechanical doping` made its way into the popular culture last week when a professional bike racer got caught.


Thursday, February 16, 2017  23:36


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