European companies eye emerging market growth

Companies on the continent are setting increasingly ambitious growth targets in emerging markets as they look to increase their revenues from such areas

• European groups set ambitious growth targets
• MAN looks to build in the Brics

GM data mask the difficult times ahead

General Motors' revelation this week that it is sitting on a pile of cash and will soon start repaying US and Canadian government loans masks a more sobering message...

GM to slash capacity by 20% in Europe

The US carmaker says it plans to cut capacity by 20 to 25 per cent and headcount by 9,000-10,000 at its European bands Opel and Vauxhall, but denied it would engage in a ‘bidding war’ over jobs with European governments from which it is seeking aid

Michelin to invest $870m in India

The world’s largest tyre company will set up in Chennai its first Indian manufacturing facility that is expected to generate at least 1,500 jobs

GMAC chief ousted as bail-out talks go on

Alvaro de Molina was ousted as chief of GMAC Financial Services after little more than 18 months as the lender remained locked in talks over a third government bail-out

Lex: New & improved GM

Post-bankruptcy financials show a viable company but little chance of recouping bail-out investment.

Opinion: German taxpayers should not bear Opel burden

The one-off financial burden for this necessary restructuring has to remain with GM. Not with German and European taxpayers, writes Kurt Lauk

Daimler and Aabar take Brawn GP stake

Daimler and Aabar’s acquisition of 75.1% of Brawn GP means there will be a Mercedes-Benz Grand Prix works team for the first time in Formula One since 1955