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...Analysts say the deal seems to fall short of a full merger. It appears that Porsche's car-making unit will not be sold to VW, but will retain some independence. And the rights issue will be dilutive to earnings because profit will be distributed among a larger number of shares. The uncertainty about the structure of the deal was fueled by comments from Bernd Osterloh, head of VW's works council, who said the two companies may not merge at all. (See pictures...

Author: /time Magazine | Title: Porsche and VW Agree to a Merger | 5/7/2009 | See Source »

Editorial cartoonists shouldn’t have to hide behind pseudonyms. If the editorial board can’t find cartoonists who can manage intelligent (and non-sexist) humor--and who are willing to publicly back their work--maybe it’s time to re-run old Sock Full of Quarters strips...

Author: By Mk Eagle | Title: Cartooning Displeasure | 5/7/2009 | See Source »

...Butt Buttquist aka BBQ, Clem “Nickname” Wright, and Yours Truly. We were just runnin’ around soccering, or as the Europeans say, “footballing” when Walter and Clem accidentally collided knee-to knee in an unbridled explosion of full contact dude-ness.BAM! Walt was on the ground, obviously in a bunch of pain. His knee had gotten smacked pretty good. Now, at this point, a lesser man might have lashed out at Clem for his role in having facilitated the collision. But no. There was no blame to be placed here...

Author: By H. max Huber, CRIMSON STAFF WRITER | Title: Taking It to the House: A Fond Farewell | 5/7/2009 | See Source »

...scheme for the Nano could ease some of its financial pressures related to $3 billion in short-term debt taken on by the company to acquire Jaguar and Land Rover from Ford in March 2008. Because buyers placing orders for Nanos were required to pay for their cars in full, Tata Motors - India's largest car company - is receiving a $507 million cash infusion. Analysts say the revenue will reduce the company's liquidity problems and make it easier to refinance its outstanding loans, which come due next month. Tata Motors repaid $1 billion of the debt through a rights...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

...expect to open its dedicated Nano factor - a facility that will be able to churn out 250,000 cars a year that is now under construction in Gujarat on India's west coast - until next year. "Tata Motors will take at least two to three years to get to full capacity," says Darius Lam, associate editor for AutoCar Professional. "Ramping up is a slow process...

Author: /time Magazine | Title: Indian Car Buyers Snap Up the Nano | 5/6/2009 | See Source »

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