Business news
Nürburgring Sold to Russian Business Tycoon
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One of Germany’s most famous automotive destinations now belongs to a Russian billionaire.
Aston Martin One-77 Now Sold Out
While many businesses had been hurt badly by the tough economic times, some of which have never recovered, British luxury and sports car manufacturer Aston Martin is thriving. The company just released its full year results for the 12-months ending on December 31, 2011 and are happy to report that the numbers are in the…
BMW Targets 25% Sales Growth by 2020, 2 Million Vehicles Annually
German auto giant BMW wants to become a bigger giant, as it looks to expand its annual production volume from 1.5-million vehicles/year to 2-million vehicles by 2020. Herbert Diess, BMW’s board member in charge of purchasing said in a recent interview that this expansion will come by the way of reducing purchasing costs, while keeping…
Chrysler Posts Fourth Quarter Loss, But Still Projects Profit for 2011
Chrysler has said it expects 2011 revenue to increase by nearly a third, to $55 billion, with projected net income between $200 and $500. If those targets are met, then it’s highly likely, Chrysler stock will become publicly traded once again before the end of the year.
General Motors Expands IPO Offering: Stock Going for Over $32 Per Share
However with today’s IPO it’s hoped that the amount of money generated from the share offering will allow GM’s CEO Dan Ackerson to return a healthy portion of the $49.5 billion in bailout funds GM received last year.
