Tuesday, February 2, 2010
According to reports from officials, at least sixteen militants were killed in Pakistan earlier today when suspected US drone attacks struck a village in the North Waziristan region, along the border with Afghanistan.
The drones hit suspected fighters’ hideouts, as well as a training centre, authorities said. According to the Al Jazeera news agency, local residents were recovering dead bodies and wounded people out of the rubble.
“Up to eight US drones fired some 18 missiles at multiple militant targets in Dattakhel village,” commented a police official to the Agence France-Presse news agency; “at least 16 militants were killed in the missile strikes.”
Pakistan’s government condemns the drone strikes, which have been increasingly frequent recently; however, US authorities claim the attacks have killed several high-ranking members of rebel groups, and are essential to protect soldiers in neighbouring Afghanistan.
The US government does not officially confirm the strikes; however, their troops in Afghanistan are the only known group in the area that uses unmanned drones that can fire missiles.
Thursday, May 7, 2009
Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).
According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.
GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.
Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.
The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.
GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.