Investors cool to Renault, Nissan deal

Article Abstract:

Renault's $5-bil deal to acquire a 35% equity interest in Nissan has failed to capture the approval of investors because of possible financial implications on both firms. Following announcement of the deal, share prices of both firms fell on the foreign stock exhanges, as well as ratings with investment firms. According to Fitch IBCA analyst Mary Anne Sudol, the deal could hurt Renault's cash flow and could cause serious problems in its ability to handle its own cost and products.

Japan, Asset sales & divestitures, Acquisitions & mergers, France, Motor vehicles, Regie Nationale des Usines Renault, Nissan Motor Company Ltd.

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Daewoo declared bankrupt; deal with GM now in doubt

Article Abstract:

Daewoo Motor Co, the third-biggest automaker in South Korea, on Nov 8, 2000 was declared bankrupt by creditors. The bankruptcy puts the future of Daewoo's 27,000 employees in 14 countries in doubt as well as the company's proposed sale to General Motors Corp. Daewoo, which owes banks $10.6 billion, defaulted on $155 million in debt payments due on Nov 7. The creditors declared the automaker bankrupt after failing to get concessions with a union that represents 18,000 workers.

South Korea, Organizational history, GM Daewoo Auto and Technology Company Ltd.

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Companies tout deals galore for new autos

Article Abstract:

Carmakers are offering attractive incentives to accelerate the sale of leftover 1999 models of cars and trucks as well as to realize record sales in 1999. Several automakers are providing consumers with 0% financing for loans of maximum of three years on some models. The most attractive deal comes from General Motors Corp, which is giving 0% annual interest rates on over 40 1999 models.

United States, Marketing procedures

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