GM to Research Heat Regeneration Thru SMA
27 Oct 2009, 14:30 UTC · By: Daniel Patrascu / Behind the fancy name chosen by the American manufacturer for their latest endeavor, hides the already under-development technologies (by BMW, for instance) needed to convert the heat of the exhaust...
Bush Advises Obama to Exit Auto Industry
27 Oct 2009, 11:30 UTC · By: Daniel Patrascu / Former US President George W. Bush thought best to advise the Obama administration to exit, as soon as possible the automotive and banking industries by selling the state's stake in the bailed-...
GM's CEO Sees Brazil as Key Market
27 Oct 2009, 09:19 UTC · By: Bogdan Popa / General Motors CEO Fritz Henderson said Brazil is still playing a key role in the company's global strategy and admitted its willingness to continue the same plan and reinvest profits of the Br...
Spain Gives Green Light to Magna-Opel Deal
26 Oct 2009, 19:16 UTC · By: Daniel Patrascu / A piece of good news came for Canadian parts maker Magna from Spain today, as one major obstacle was overcome. The Zaragoza facility workers have agreed to accept the proposed job and production cut...
Magna Notify Antitrust Regulators of Opel Takover
26 Oct 2009, 14:24 UTC · By: Bogdan Popa / Magna and its Russian partner Sberbank notified today the European Union antitrust body of its takeover plan for Opel, with regulators announcing a November 27 deadline to decide whether to give the...
GM Announces Official Termination of Saturn Brand and Dealers
26 Oct 2009, 13:11 UTC · By: Daniel Patrascu / In what may be called the sad news of the day from the automotive industry, American manufacturer GM announced through its CEO, Fritz Henderson, that the final decision about the termination of both...
GM Might Sell Opel Next Week
26 Oct 2009, 11:50 UTC · By: Bogdan Popa / We've heard it several times in the past but it appears that General Motors will make a final decision on Opel next week as the company's board will hold its monthly meeting to discuss the...
Thousands Take a Shot at Naming Volt Color
26 Oct 2009, 07:54 UTC · By: Daniel Patrascu / The announcement made by American manufacturer GM that it is looking for a name for the default color to be used on the upcoming Volt PHEV has stirred an immense success, with some 1,800 entries reg...
Fisker to Build Karma in Wilmington, Delaware
26 Oct 2009, 07:36 UTC · By: Daniel Patrascu / Although nothing is official yet, it would appear the place where the next Karma sports PHEV will be built is a former GM plant in Wilmington, Delaware. The rumor is reinforced by a Reuters report c...
GM Offers WiFi in Your Car
23 Oct 2009, 14:48 UTC · By: Alex Vasile / Apparently studies show that backseat DVD players are just as boring as books for the youth of America. So General Motors is making an Internet router available as a dealer-installed option on some ...
GM Increases Stake in Daewoo
23 Oct 2009, 13:19 UTC · By: Daniel Patrascu / American manufacturer's GM stake in South Korean carmaker Daewoo increased from 51 to 70.1 percent as a result of the $412 million rights offer to which GM was the only subscriber. As a result,...
GM to Reconsider Magna Opel Bid on November 3
23 Oct 2009, 12:48 UTC · By: Bogdan Popa / General Motors' board will re-study the upgraded Magna takeover proposal on November 3 as part of the company's monthly meeting. Furthermore, the board will analyze Minister zu Guttenberg&...
GM CEO Base Salary Falls to $950,000
23 Oct 2009, 08:20 UTC · By: Bogdan Popa / The United States Treasury announced today that 175 executives working at seven companies that have received state loans will receive pay reductions, including General Motors' CEO Fritz Henders...
GM Still Interested in Selling Opel
22 Oct 2009, 07:53 UTC · By: Bogdan Popa / With more and more rumors hinting that General Motors might after all retain possession of Opel, the US-based manufacturer says it is still interested in selling the German brand to a group led by M...
Rattner Explains Why GM Had to be Saved
22 Oct 2009, 07:45 UTC · By: Daniel Patrascu / The former chief of the US Auto Task force, Steven Rattner, talked yesterday in a speech backed by the Brookings Institution about the challenges the task force had to face with American manufacture...
Auto Execs to Get Treasury Pay Cuts
22 Oct 2009, 07:24 UTC · By: Daniel Patrascu / The top management of several US companies and banks, including GM, Chrysler (together with their financial arms) and other five groups which received government bailouts this year (Citigroup, Bank ...
Chevrolet Volt Official Color Chosen, Name Sought
22 Oct 2009, 06:36 UTC · By: Daniel Patrascu / American manufacturer GM announced today it has decided on the default color of the upcoming plug-in hybrid, the Chevrolet Volt. The PHEv will wear, as it exist the production lines, a "silver ...
EU Will Not Oppose Opel Sale. Sort of...
21 Oct 2009, 10:30 UTC · By: Daniel Patrascu / The European Union and its Competition Commissioner Neelie Kroes back down on the Opel-Magna deal and now say they will not oppose a sale of the German carmaker to the Canadian manufacturer, passing...
Opel Zaragoza Workers Go on Strike
20 Oct 2009, 13:08 UTC · By: Daniel Patrascu / As hinted earlier today, Opel workers from the Zaragoza plant in Spain decided to go on strike as a mean of expressing their disapproval of Magna's plan for the facility, its workers and the ca...
GM to Discuss Opel's Troubled State
20 Oct 2009, 10:28 UTC · By: Daniel Patrascu / Speculation about a possible Plan B from American carmaker GM to keep Opel, in case Magna fails to take over, regardless of the reason, may be taken to a whole new level after today's GM board ...