Peter Schmidt News
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Jaguar is invoking its iconic E-Type roadster to challenge Mercedes-Benz and Porsche with its first two-seat sports car in almost four decades.
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Catlin Group Ltd. sees growth potential in the European reinsurance market, Handelsblatt reported, citing manager Peter Schmidt.
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Britain’s auto industry, which lost its last major homegrown manufacturer in 2005, is back among Europe’s top producers following an Asia-inspired revival led by Japan’s Nissan Motor Co. and Tata Motors Ltd. of India.
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Land Rover , the luxury SUV brand whose customers include Tom Cruise and Queen Elizabeth II , needs to develop greener versions of all its models to sustain sales, the head of Indian owner Tata Motors Ltd. said.
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Aston Martin, the maker of sports cars favored by Prince Charles and driven by James Bond, is departing from tradition with a city car based on Toyota Motor Corp.'s iQ subcompact to broaden its appeal and boost revenue.
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Tata Motors Ltd., owner of the Jaguar and Land Rover brands, is being forced to search for a new chief executive officer as it struggles to revive sales of luxury cars amid a worsening debt crisis in Europe.
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Britain’s iconic MG sports-car brand began producing its first new model in the U.K. in 16 years today using bodyshells, engines and powertrains shipped from China by Shanghai-based parent SAIC Motor Corp.
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Executives from reinsurers including Swiss Re and Allianz Re say prices for catastrophe coverage should rise next year after disasters from New Zealand to Japan drove up claims and low interest rates hurt investment returns.
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Germany turned down General Motors Co.’s request for 1.1 billion euros ($1.3 billion) in aid for its money-losing Opel division, forcing the automaker to seek new ways to reorganize the unit.
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A Greek default and potential losses from the Atlantic hurricane season could lead to consolidation among reinsurers after catastrophes in Japan and the U.S. hurt excess capital, reinsurers say.
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