GM Still Far from German Money
17 Nov 2009, 08:48 UTC · By: Bogdan Popa / General Motors is now struggling to raise the needed money to start restructuring Opel but the company is far from getting support from Germany, whose officials felt outraged with its decision to ke...
GM Pays 200M Euro Opel Loan Tranche
17 Nov 2009, 08:13 UTC · By: Bogdan Popa / General Motors paid last week another tranche from the Opel loan it received back in June to keep the company alive, company representatives said in a statement. The German government agreed during ...
GM Q3 Financial Results Released
16 Nov 2009, 14:51 UTC · By: Daniel Patrascu / American manufacturer GM released today, as promised last week, its first financial report following its emergence from bankruptcy. The company posted a $261 million EBIT loss and $1.2 billion manag...
Chevy Volt Color Name: EV-ergreen, environMINT or Viridian Joule?
16 Nov 2009, 08:37 UTC · By: Daniel Patrascu / As we told you back in October, American manufacturer GM said it has decided on the default color to be used on the future plug-in hybrid vehicle, the Chevrolet Volt. At the time, the carmaker chall...
Volkswagen - Magna Benefits from Opel Decision
13 Nov 2009, 10:26 UTC · By: Bogdan Popa / GM's decision to scrap the sale of Opel helps the future of the Volkswagen - Magna collaboration as the German carmaker raised concerns that a potential deal could influence its own business. V...
GM to Add 600 Jobs in Brazil
13 Nov 2009, 07:54 UTC · By: Bogdan Popa / General Motors recently announced that it will hire 600 new workers at three Brazilian factories in the state of Sao Paulo to keep up with the growing demand for the models assembled locally. The Br...
GM Chairman: We're Getting into Fighting Shape
13 Nov 2009, 07:31 UTC · By: Bogdan Popa / GM Chairman Ed Whitacre gave a public speech at Texas Lutheran Univeristy on Tuesday, Nov. 10, emphasizing that the US-based manufacturer is slowly recovering and the board expects more improvements...
Germany Might Reject GM's State Aid Request
12 Nov 2009, 09:29 UTC · By: Bogdan Popa / General Motors, who's now planning to convince the German government and other officials across Europe to support the Opel restructuring process, might face serious problems trying to do this, ...
GM to Release Q3 Financial Results Next Week
12 Nov 2009, 08:56 UTC · By: Daniel Patrascu / All eyes are now on American manufacturer GM, who just announced it will make public the group's financial results for the third quarter of the year. Perhaps, after seeing the numbers, the auto...
Chevrolet Camaro Chroma Details and Photos
12 Nov 2009, 07:00 UTC · By: Daniel Patrascu / If you haven't had enough factory or otherwise tuned Camaros, than it's time for yet another appearance, this time from GM itself. The American carmaker took the so called Chevrolet Camaro...
GM Asks US to Ease Up Exec Pay Limits
11 Nov 2009, 14:36 UTC · By: Daniel Patrascu / Seeing their revenues severely reduced (by their standards, of course) by the Obama's administration decision to trim the income of executives whose companies received government bailout, Ameri...
Chevrolet Camaro Synergy Coming in 2010
11 Nov 2009, 11:58 UTC · By: Daniel Patrascu / Chevrolet is reportedly working on a new special edition Camaro, set to be launched in the beginning of 2010. Dubbed Camaro Synergy, the edition will boats several enhancements and present particula...
EU's Concerns Led to GM Keeping Opel
11 Nov 2009, 11:19 UTC · By: Bogdan Popa / General Motors decided to keep Opel and angered German officials who negotiated for months a potential sale to Magna International and its Russian partner Sberbank. In its defense, board chairman Ed...
Toyota to Cover All NUMMI Closure Costs
11 Nov 2009, 10:51 UTC · By: Bogdan Popa / Toyota has already announced that it will end its NUMMI joint venture on March 31, 2010 but it appears that the Japanese manufacturer is encountering some difficulties in doing this. Bloomberg infor...
Cadillac Converj to Enter Production
11 Nov 2009, 09:45 UTC · By: Daniel Patrascu / The painful birth of the Cadillac Converj entered a new chapter today, as rumors claim that, following the "we'll do it - we'll not do it" GM dilemma, the American manufacturer s...
Sberbank Still Considering GM Lawsuit
11 Nov 2009, 08:51 UTC · By: Bogdan Popa / Sberbank, the Russian loser of the huge Opel saga, says the company is still considering a potential lawsuit against the US-based manufacturer General Motors after its decision to scrap the sale pla...
Merkel Urges GM to Present Opel Plan
11 Nov 2009, 08:50 UTC · By: Bogdan Popa / Fritz Henderson, GM CEO, traveled to Germany on Monday to discuss with the involved officials the Opel restructuring process but even so, German Chancellor Angela Merkel urges the US-based manufactu...
GM CEO: Opel to Live On as European Brand
11 Nov 2009, 08:10 UTC · By: Bogdan Popa / After General Motors announced its decision to keep Opel and scrap the sale to Magna International, some people expected to see the US-based manufacturer expanding the German brand at a global level...
Nick Reilly in Charge of Opel/Vauxhall
11 Nov 2009, 07:23 UTC · By: Bogdan Popa / General Motors has just announced that Nick Reilly, currently working as executive vice president and president, GM International Operations, will be in charge of Opel and Vauxhall. Meanwhile, the c...
GM May Ask Germany for Money
10 Nov 2009, 13:37 UTC · By: Daniel Patrascu / The over confident statements made by GM's CEO, Fritz Henderson, that the company he leads may be able to keep Opel running on its own, may turn out not to be true in the end. As the CEO is cur...