Wednesday, April 7, 2010 as of 11:14 AM ET
Brazilian billionaire businessman Eike Batista said Friday he is courting another potential investor for his sprawling business conglomerate, EBX Group, and is also looking to sell an equity stake in his new coal venture.
More partners are looking to invest in EBX, and one investor group in particular, which might be from Asia, is expected to invest around $500 million, Batista told reporters during an event to mark the listing of the new coal venture, CCX.On Thursday, General Electric Co. (GE) said it would invest $300 million for a 0.8% stake in EBX Group, becoming only the second investor to participate directly in Batista's main holding company. In March, Abu Dhabi's Mubadala Development Co. invested $2 billion for a 5.63% stake in EBX."After Mubadala showed faith in our project, and also after all the due diligence which GE has done, that helps reinforce the confidence of investors in us and also to attract more [investors]," Batista said.Friday saw the first day of trading of shar...Hyundai Motor Co. (005380.SE) Thursday said it will invest 475 million euros ($604 million) to expand production at a plant in Turkey, highlighting the success the S...
Thailand's vehicle production and exports rose in April as production at all auto makers returned to normal after their operations were disrupted by the severe flood...
Japanese stocks fell in early trading Tuesday, with investors taking a lead from sharp losses for U.S. and European stocks on Monday. Greece's ongoing political vacu...
Brazilian auto makers on Monday appealed to Finance Minister Guido Mantega to help pursuade the nation's banks to loosen up a tight market for auto loans, the govern...
Defaults on Brazilian auto loans rose again in March, reaching the highest level in more than three years, the association of automaker financing institutions, or An...
GM Europe to outline turnaround plan next month-Astra production to be focused in two plants-Opel needs to streamline costs at Ruesselsheim plantFRANKFURT -(Dow Jone...
Effa Group, the Uruguayan producer and importer of Chinese cars to Brazil, said Thursday it is seeking to partner with Chinese parts makers as it begins production i...
News Corp. Chief Operating Officer Chase Carey told analysts Wednesday that the company is seeing a reasonably strong television advertising market. At Fox Broadcast...
Sales of commercial and passenger vehicles in China rebounded in April after posting a decline in the first quarter, but an industry group called on the Chinese gove...
FBN’s Shibani Joshi on small-business confidence in April rising to its highest level since February of 2011.
Ford Motor Co. (F) said it will produce nearly 40,000 additional vehicles this summer by idling 13 plants for just one week instead of the traditional two.The auto m...
RUESSELSHEIM, Germany -(Dow Jones)- Friction between unions and management at General Motors Co.'s (GM) troubled European division intensified Tuesday when the union...
Chrysler Group CEO Sergio Marchionne on the company’s outlook and when it would consider an IPO.
SHENYANG, China -(Dow Jones)- BMW AG (BMW.XE) and its joint-venture partner Brilliance China Automotive Holdings Ltd. (1114.HK) will together invest an additional EU...
Outstanding household credit in South Korea recorded its first quarterly decline in three years in the January-March period, as a sluggish housing market and year-en...
FBN’s Gerri Willis on the criticisms of private equity firms.
Brazil on Monday unveiled a series of tax and credit incentives aimed at boosting auto sales and retooling manufacturing industries amid tepid growth prospects for L...
Brazil's government on Monday unveiled steps to help boost auto sales and to retool industry, the latest in a series of steps taken to lift ailing industrial output ...
The Brazilian government is looking for ways to drum up more auto loans in a bid to spur vehicle sales, the O Estado de S. Paulo newspaper reported in its Friday edi...
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