TITLE

VW to close deal with Abu Dhabi

AUTHOR(S)
Williams, Stephen
PUB. DATE
August 2004
SOURCE
Middle East;Aug/Sep2004, Issue 348, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
A $2bn-plus deal that will see Gulf interests take a substantial stake in Europe's largest car manufacturer is close to completion. Abu Dhabi's state-owned company Mubadala Development looks certain to formally sign a deal to take an undisclosed but significant stake in Europe's largest car-maker, Volkswagen AG (VW). This new joint venture company will then buy Europe's largest car-fleet management company, LeasePlan, from Dutch bank ABN in a deal worth over $2.4bn. And it is not just VW's core volume-car business that has been suffering. The upmarket VW Phaeton saloon has also failed to meet sales expectations, and the launch of the Veyron supercar — a 1,000bhp 250mph vehicle from VW's luxury sportscar subsidiary Bugatti — has been delayed by well over a year.
ACCESSION #
14156680

 

Related Articles

  • ADM and Volkswagen in Biodiesel Pact.  // Chemical Market Reporter;1/12/2004, Vol. 265 Issue 2, p3 

    Reports on the collaboration between Archer Daniels Midland Co. and Volkswagen AG to further develop biodiesel fuels for the automotive industry in Germany. Terms of the strategic agreement; Benefits of the strategic collaboration for the parties involved; Significance of the collaboration for...

  • GE AND ABU DHABI FORM $8 BILLION JOINT VENTURE. Platt, Gordon // Global Finance;Sep2008, Vol. 22 Issue 8, p14 

    The article reports on the joint venture of General Electric Co. and Mubadala Development Co. in Abu Dhabi, United Arab Emirates. According to the author, the $8 billion partnership aims to be invested in the region and Africa that will initially concentrate on commercial finance as well as...

  • VW to set up Abu Dhabi JV.  // MEED: Middle East Economic Digest;9/10/2004, Vol. 48 Issue 37, p18 

    Reports on an agreement reached by Volkswagen of Germany with the Abu Dhabi, United Arab Emirates government to set up a joint venture with state-owned Mubadala Development Co. and General Holding Co. Plan of the holding company to launch several manufacturing and assembly projects; Information...

  • Abu Dhabi Plans World's Largest Aluminum Smelter.  // Engineering & Mining Journal (00958948);Apr2006, Vol. 207 Issue 3, p28 

    The article informs that a joint protocol has been signed between Mubadala Development Co. and Dubai Aluminium Co. Ltd. for constructing the world's largest single-site aluminum smelter at Khalifa port and industrial zone in Taweelah, the United Arab Emirates. The first phase of the smelter is...

  • Abu Dhabi strengthens links with Germany.  // MEED: Middle East Economic Digest;6/4/2004, Vol. 48 Issue 23, p17 

    Reports on the finalization of a joint venture agreement of Volkswagen with Mubadala Development Co. and Olayan Group to buy Leaseplan Corp. from ABN Amro in 2004. Value of the agreement; Terms of the agreement.

  • DEALS.  // Automotive Manufacturing Solutions;Sep/Oct2010, Vol. 11 Issue 5, p12 

    This section offers news briefs regarding deals in the automobile industry, including the memorandum of understanding between Volkswagen and DRB-Hicom, the breakup of the Changan Ford Mazda Automobile joint venture in China and the plan of Faurecia to acquired an 18.75% stake in Xugang Group.

  • Confidential.  // Automotive News Europe;4/18/2005, Vol. 10 Issue 8, p11 

    Discusses issues concerning the automobile industry as of April 2005. Formation of the Avtoframos joint venture automobile plant in Russia by Renault and the Moscow City Council; Issue on the cost of Ford's GT supercar; Efforts of Ford's engine plant in Dagenham, England to achieve...

  • TDS/US Inc. wins $200M contract. Kosdrosky, Terry // Crain's Detroit Business;2/14/2005, Vol. 21 Issue 7, p20 

    The article informs that Brownstown Township-based TDS/US Inc. received a $ 200 million, multiyear contract from the Chrysler Group to operate a sequencing center near the automaker's plant in Belvedere, Illinois. TDS/US will organize and deliver parts to Chrysler's assembly line. The company...

  • You've got a friend in France. Speer, Lawrence J. // Automotive News Europe;9/29/2008, Vol. 13 Issue 20, p0040 

    The article focuses on the excellence of French automakers at creating long-lasting and successful partnerships. PSA/Peugeot-Citroen and Renault have a combined 20 strategic alliances, joint ventures and partnerships with other automakers worldwide. Analysts agree that these partnerships have...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics