Mexican Media Brands
Ontario Minister: Canada Should Sell GM Stake
12/3/2012The Canadian and Ontario governments should sell their combined 9% stake in General Motors Co. as soon as possible, Ontario Finance Minister Dwight Duncan tells the Globe and Mail.
Magna Completes Ixetic Purchase
12/3/2012Canada's Magna International Inc. says it has finalized its acquisition of German supplier Ixetic Verwaltungs GmbH for €308 million (US$400 million). The deal was closed after the European Commission approved the deal late last week.
Americans Cut Consumption in October
12/3/2012U.S. consumer spending, which surged 0.8% from August to September, fell 0.2% in October, the Dept. of Commerce reports.
Lotus Sues Ex-CEO for Misuse of Company Funds
12/2/2012Group Lotus has sued former CEO Dany Bahar, seeking 2.5 million ($4 million) in alleged unauthorized expenses and overpaid salary and bonuses.
Ousted Lotus CEO Sued for Misuse of Company Funds
12/2/2012Malaysian-based DRB-Hicom Bhd's Group Lotus has sued former CEO Dany Bahar, seeking 2.5 million ($4 million) in alleged unauthorized expenses and overpaid salary and bonuses.
Lotus Sues Ex-CEO for Misuse of Company Funds
12/2/2012Group Lotus has sued former CEO Dany Bahar, seeking 2.5 million (€3 million) in alleged unauthorized expenses and overpaid salary and bonuses.
Volvo Cars to Cut Output Again
12/2/2012Zhejiang Geely Holding Group Co.'s Volvo Car unit says it will trim production at two assembly plants because of a "continuous decline" in demand this year, particularly in Europe.
Valeo to Sell Locks Unit to Japan’s U-Shin
12/2/2012Valeo SA has agreed to sell its locks and latches business to Japanese supplier U-Shin Ltd. in a deal that values the unit at €223 million.
Japan’s U-Shin to Buy Valeo Locks Unit
12/2/2012Valeo SA has agreed to sell its locks and latches business to Japanese supplier U-Shin Ltd. in a deal that values the unit at €223 million ($290 million). The companies expect to complete the sale by March 31, pending regulatory approval.
Chrysler to Pay UAW Bonus Early
12/2/2012Chrysler Group LLC says it will make bonus payments of $1,750 to each to its 26,200 U.S. hourly workers on Dec. 21 about three months ahead of schedule.