Pawan Ruia interested to buy out Tyre Corporation

According to reports in the media, the Calcutta-based Ruia Group, owners of Dunlop India and Falcon Tyres, is negotiating for acquisition of the ailing Union Government undertaking, Tyre Corporation of India Limited (TCIL), which has a tyre manufacturing facility at Kankinada in West Bengal.
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GM and Koenigsegg Group sign MoU for Saab buy-out

General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab´s future. The sale, expected to close by the end of the third quarter of this year, includes an expected US$600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government. Additional support is to be provided by GM and Koenigsegg Group AB to fund Saab's operations and product program investments. This includes plans to launch several new products that are in the final stages of development. Saab had filed for reorganization under Swedish Law on February 20, 2009. This tentative agreement is a key milestone for Saab to successfully emerge from its reorganization process.
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