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China's BAIC joins fight for Vauxhall parent GM Europe
Published July 3, 2009, 5:52 pm, Independent
The future of GM Europe (GME) could turn into a fight between the Chinese and the Russians after Beijing Automotive Industry Corporation (BAIC) made a formal offer for the distressed car maker.
Seven in court on brothel charges
Published July 3, 2009, 11:41 am, BBC News
Seven people appear in court in connection with a suspected multi-million-pound prostitution ring, allegedly involving smuggling women to work in brothels.
Lord Mandelson says UK government could underwrite Vauxhall takeover
Published July 3, 2009, 11:17 am, Daily Telegraph
Lord Mandelson indicates that the government could support the new GM Europe with loans.
Keep Vauxhall production in Luton, union urges
Published July 3, 2009, 10:24 am, Morning Star
Car workers have urged the government to support van production at Vauxhall's Luton plant. Negotiations are still continuing with potential buyers of its parent company GM Europe.
New Saab 9-5 spotted testing
Published July 3, 2009, 9:20 am, AutoExpress
Supercar firm Koenigsegg may now own Saab, but troubled GM is still testing the new 9-5 to its limits. Our snappers caught the new mid-size saloon hurtling around the ‘ring as it underwent some late stage testing.
UPDATE:China's BAIC Made Concrete Offer For GM's Opel -Source
Published July 3, 2009, 8:38 am, Nasdaq
(Adds details.) MUNICH -(Dow Jones)- China's Beijing Automotive Industry Holding, or BAIC, has made a concrete offer for General Motors Corp.'s (GM) Adam Opel GmbH unit, a person familiar with the situation told Dow Jones Newswires Friday. The person said BAIC's offer is non-binding.
UK may part-fund GM Europe takeover
Published July 3, 2009, 8:34 am, Tiscali
LUTON, England (Reuters) - The government is prepared to help underwrite the planned takeover of the European arm of General Motors, possibly in the form of loans, Business Secretary Peter Mandelson said on Friday.
(AFX UK Focus) 2009-07-03 16:05 UPDATE 2-China moves on Opel with BAIC bid
Published July 3, 2009, 8:24 am, Interactive Investor
By Angelika Gruber and Christiaan Hetzner
THE WEEK THAT WAS: All eyes on the US numbers
Published July 3, 2009, 8:15 am, just-auto
All eyes were on the numbers this week, and not just US sales numbers. Auto sales there were much as expected with a tail-off towards the end of June (nixing hitting the magic 10m annualised sales rate) as some potential buyers apparently slowed their decisions to await final details of the 'cash for clunkers' scheme.
GM Says Beijing Automotive Submitted Offer for Opel (Update1)
Published July 3, 2009, 8:10 am, Bloomberg
July 3 (Bloomberg) -- General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna International Inc.
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