19 October 2008
Worries grow as GM-Chrysler talks gain momentum
In the doomsday scenario raising anxiety around the Motor City, General Motors Corp. makes a deal for Chrysler LLC, keeps Jeep and the minivans, and vaporizes the rest of the company. Tens of thousands of Chrysler's 66,409 employees lose their jobs as cash-desperate GM swiftly cuts redundant operations and sheds unprofitable models. [The Star]
http://thestar.com.my/news/story.asp?file=/2008/10/19/business/20081019072703&sec=business
24 October 2008
Auto Policy Review To Be Ready By Q1 2009
The review of the National Automotive Policy (NAP) is expected to be ready and presented to the Cabinet in the first quarter of 2009, said Deputy International Trade and Industry Minister Datuk Liew Vui Keong Thursday. [Bernama]
http://www.bernama.com/bernama/v5/news_lite.php?id=366830
Global auto outlook dims
At the eye of the storm, GM and Chrysler, still discussing a merger that could combine the struggling automakers, were forced to cut costs more aggressively than had been anticipated to survive the sweeping economic downturn analysts see as threatening both automakers' survival. [Business Times]
http://www.btimes.com.my/Current_News/BTIMES/Friday/Corporate/20081024032838/Article/
IEGB diversifies into automotive industry
Impressive Edge Group Bhd (IEGB) is diversifying into engineering and fabrication in the automotive industry via the acquisition of interest in one such company. IEGB said yesterday its subsidiary Impressive Edge Sdn Bhd had proposed to acquire a 49% in IE-PAR Technology Sdn Bhd Bhd, formerly Chalak Industries (Malaysia) Sdn Bhd, for A$1.5 million (RM3.68 million) cash. [The Edge]
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_27c60578-cb73c03a-3bc1a100-331919c0