On the block

Article Abstract:

The South Korean automobile industry has been hit by high debt levels and overcapacity. Kia, which ranks third among South Korean car producers, is to be sold due to bankruptcy. Daewoo Motor, Hyundai Motor, Samsung and Ford Motor are the main likely bidders, and Ford is the strongest financially. Ford already holds almost 17% of Kia, with Mazda, its subsidiary. Nationalism could affect the decision, but there are also concerns about possible job shedding if Hyundai or Daewoo were to acquire Kia.

Automobiles, Automobile Manufacturing, South Korea, Mergers, acquisitions and divestments, Kia Motors Corp.

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Europe's great car war

Article Abstract:

Renault is closing its Belgian factory, which will result in 3,100 automobile industry jobs being lost in that country. Europe's car industry executives know that they need to reorganize, but Europe's politicians do not view matters in the same way.

Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Management, Regie Nationale des Usines Renault

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Price sensitive: Europe's car market

Article Abstract:

A 1985 European Commission ruling that allowed car makers to have exclusive dealerships in countries in exchange for keeping cross-border price differences at 12% is being disregarded by the auto industry, according to consumer groups.

Laws, regulations and rules, Western Europe, European Union. European Commission, Europe, Western

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