breakingnews
05.11.2009, 06:13
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GM has backed out of selling its Vauxhall and Opel brands to a joint venture between Russia’s Sberbank and Canada’s Magna. German workers, who risk mass sacking, have started protests against the move.
24.11.2009, 20:05
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A state-of-the-art French warship has sailed into St. Petersburg – not only peacefully, but also with hopes that the largest deal ever struck between Russia and a Western country could be on the cards.
05.11.2009, 23:04
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Opel’s German workforce vented its anger at General Motors pulling out of selling the firm to a Russian-financed consortium. “We’ll take into account this style of relationships with partners,” PM Putin said.
26.10.2010, 16:07
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Russia’s Defense Ministry has officially announced a tender for four universal amphibious assault ships. Security officials say French Mistral class helicopter carriers are the favorite in the run.
17.10.2009, 12:08
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Russia's largest carmaker Avtovaz continues to struggle through the crisis with multimillion dollar government donations unable to stop its plans of shedding thousands of jobs.
11.11.2009, 12:17
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Sberbank CEO, German Gref, says his company is prepared to bring litigation against GM after it backed out of selling its German arm, Opel, to the Magna-Sberbank consortium.
30.05.2009, 16:28
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Germany's Opel has been sold – with a joint-Russian-Canadian bid the winner in the race to buy one of Europe's oldest and most well-known carmakers.
02.06.2009, 06:43
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The U.S. car manufacturer General Motors has declared itself bankrupt. President Barack Obama said the federal government will act as a reluctant shareholder when it takes a 60 percent stake in the new GM.
13.10.2010, 22:42
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The State Statistics Service has come up with an inventive way to improve Russia’s economical performance: by stretching the GDP with illegal revenues.
29.05.2009, 10:33
Russia could about to get a slice of carmaker Opel if the German government approves a bid from the Canadian Magna corporation.
Published: 04 November, 2009, 18:30
Edited: 08 November, 2009, 19:50
General Motors has withdrawn the sale of Opel to the consortium of Canada’s Magna and Russia’s Sberbank. Some experts believe the improving situation at the US car market was one of the reasons for the decision.
