GM China Passes 1.5 Million Units Sold
10 Nov 2009, 11:26 UTC · By: Daniel Patrascu / American manufacturer GM announced today it has managed to surpass the 1.5 million vehicles sold mark in China, after an extremely pleasing year in the region. In the first 10 months, GM and its Chi...
GM to Build Cars in Russia with Magna, GAZ
10 Nov 2009, 10:05 UTC · By: Bogdan Popa / Even if the Opel deal failed to get through, General Motors is still planning to bring Opel in Russia and who else can support such an expansion goal if not Magna and GAZ? The US-based manufacturer ...
Volkswagen, World's Largest Carmaker?
10 Nov 2009, 09:12 UTC · By: Bogdan Popa / The battle for the auto industry's supremacy now involves Toyota, General Motors, Ford and Volkswagen, with the Japanese manufacturer until now regarded as the number one company in this partic...
GM to Boost Chevy Equinox and GMC Terrain Production
10 Nov 2009, 07:43 UTC · By: Bogdan Popa / General Motors today announced that CAMI Automotive will invest around 90 million Canadian dollars in the local plant in order to retool the West Body Shop and increase production of both Chevrolet ...
Indian Workers End Strike at GM, Ford Supplier
9 Nov 2009, 11:30 UTC · By: Bogdan Popa / Both General Motors and Ford were forced to halt operations at their US crossover plants due to a strike at their Indian supplier that provided transmission parts to both companies. Workers at Rico ...
Vietnam Sales Double in October
9 Nov 2009, 09:53 UTC · By: Alex Vasile / Vehicle sales in Vietnam doubled in October 2009, but don’t go out celebrating just yet. The figures are still strikingly small: 11,762 units this year, in comparison with the 5,679 units sol...
GM's Ace Up Its Sleeve: Less Government Support
9 Nov 2009, 09:12 UTC · By: Bogdan Popa / Back in the summer, when General Motors was deeply involved in Opel sale talks with Magna International and RHJ International, the US-based manufacturer backed the latter because it involved less go...
Magna CEO: Opel in Need of Freedom
9 Nov 2009, 08:48 UTC · By: Bogdan Popa / Magna International's co-CEO Siegfried Wolf said during the past weekend that the Opel brand needs more freedom and General Motors should now concentrate on repairing the company's image. ...
Bob Lutz, New Opel Chairman?
9 Nov 2009, 08:32 UTC · By: Bogdan Popa / GM Europe's Carl-Peter Forster announced his decision to quit Opel and the US-based parent company is already searching suitable executives that could take his position and serve as chairman. A...
Forster to Take Charge of Jaguar Land Rover
9 Nov 2009, 08:16 UTC · By: Bogdan Popa / Carl-Peter Forster, ex GM Europe president and one of those who criticized GM's decision to keep Opel, might join Jaguar Land Rover in the near future, the Sunday Times newspaper informed in a ...
Autonomy - Main Demand in GM - Opel Unions Talks
9 Nov 2009, 07:56 UTC · By: Bogdan Popa / General Motors is already working on its restructuring plan for Opel and, in order to reach an agreement with the unions, the US-based manufacturer must be ready to offer greater independence. At le...
Official: Carl-Peter Forster Leaves GM Europe
8 Nov 2009, 16:39 UTC · By: Daniel Patrascu / As rumored towards the end of last week, Carl-Peter Forster, GM Europe CEO, will be leaving his position, following the demise of the Opel-Magna deal. The news was confirmed late Friday by GM, who ...
Carl-Peter Forster to Leave Opel
6 Nov 2009, 11:54 UTC · By: Daniel Patrascu / GM's decision to retain Opel is beginning to show its effects, after the initial shock wave began to fade. The latest development is the rumor which surfaced these past day which say that GM Eu...
Magna: Life Goes On, Without Opel
6 Nov 2009, 11:31 UTC · By: Bogdan Popa / Even if didn't manage to take over German brand Opel, Magna isn't looking to obtain compensation from General Motors, founder Frank Stronach said in a statement, emphasizing that the Canad...
Merkel Wants GM Opel Plan Fast
6 Nov 2009, 11:17 UTC · By: Daniel Patrascu / Taken a bit by surprise by the blunt announcement that "GM board decides to retain Opel," German chancellor Angela Merkel found herself with her hands tied. As it appears there's noth...
Magna No Longer Interested in Buying Automakers
6 Nov 2009, 10:51 UTC · By: Bogdan Popa / Magna International, the big loser of the Opel saga, says it is no more interested in buying automakers and only wants to focus on its core business for the years to come. Don Walker, co-CEO for the...
Mandelson Wants Early Sight on Opel Restructuring Plan
6 Nov 2009, 09:52 UTC · By: Bogdan Popa / While agreeing that GM's decision to retain possession of Opel and Vauxhall might be good for the two companies, UK Business Secretary Peter Mandelson demanded GM CEO Fritz Henderson and German...
GM Has the Resources to Fund Opel Restructuring
6 Nov 2009, 09:42 UTC · By: Bogdan Popa / Even if it stepped under Chapter 11 protection earlier this year, General Motors has the resources to fund Opel's restructuring process, CEO Fritz Henderson said in a statement yesterday. Talki...
Putin: GM's Decision Is a Sample of American Culture
6 Nov 2009, 09:04 UTC · By: Bogdan Popa / GM's decision to cancel the sale of Opel to Magna International not only angered Germany but also Russia whose Prime Minister Vladimir Putin said in a statement that such a behavior perfectly i...
GM Accused of Blackmail and Intimidation in Opel Case
6 Nov 2009, 08:48 UTC · By: Bogdan Popa / Opel's workers yesterday protested against GM's decision to scrap a potential sale to Magna International, some of them claiming the German brand has no chance to survive under the US-base...