German auto manufacturer Volkswagen (VW) wants to integrate the sports-car maker Porsche’s as soon as possible, by August 2014. According to company sources, the deal would be free of tax because “the right time has to come.”. However, neither party is interested to wait so long. According to reports of Wirtschaftswoche, a Business weekly, Porsche [...]
Monthly Archives: June 2012
Volkswagen Targets to Seal Porsche Purchase Before 2014
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Filed under Business
Jun 27, 2012
GM Recalling All Cruz’s Over Fire Risk
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After reports of engine fires, General Motors(GM) Company is calling back all its 475,000 Chevrolet Cruze compacts, from 2009 through May 31. It’s a reversal for the Detroit automaker looking to raise sales of fuel-efficient compact cars. The recall includes 413,418 vehicles in 2011-12 Cruz’s in the United States, 61,299 in Canada, and 701 in [...]
Filed under Business
Jun 2, 2012