Hertz has acquired rival Dollar Thrifty Automotive Group for $1.27 billion in cash and stock. The industry struggled desperately during the recession as businesses and families eliminated travel to save money. Consolidation has been ongoing for several years. Rental car companies are seeing some light as they were ordering new vehicles from automakers, particularly in [...]

Thanks to Spyker Cars, GM’s Saab division will be spared the same fate of Pontiac and Saturn. This is welcome news for the 1.5 million Saab drivers and fans of the brand.  Tuesday (January 26) Skyper announced in a press release that they would aquire the Saab brand.  Dutch based Skyper Cars states the deal [...]

General Motors Chairman and CEO Ed Whitacre said at a Monday morning press conference that the automaker has no announcement regarding Saab despite media reports swirling around the globe that a deal to sell the Swedish automaker to Spyker is imminent. “As of today, we have not changed our direction on the wind-down (of Saab),” [...]

It was jointly announced last week that Volkswagen Group has acquired a 20 percent stake in Suzuki Motor Corp. This is said to be the first stage of a full takeover. The 20 percent of Suzuki was acquired for $2.5 billion. Volkswagen aims to have full control over Suzuki to surpass Toyota Motor Corp. as [...]