Bankruptcy Is a Good Thing, GM Improves June Sales
2 Jul 2009, 06:55 UTC · By: Bogdan Popa / Bankruptcy is surely a good thing for General Motors, not only because it would convert the American manufacturer into a cleaner and more competitive company but also because it helps it improve sal...
GM: Record Sales in China
1 Jul 2009, 15:03 UTC · By: Daniel Patrascu / Bankrupt American manufacturer announced today sales figures for the first six months in China and, no surprise there, figures show a new record: 38 percent up compared to the same period of 2008. I...
GM Daewoo Gets Better and Better...
1 Jul 2009, 07:27 UTC · By: Bogdan Popa / Despite the difficult economic environment that keeps the mother company still in bankruptcy, GM Daewoo Auto & Technology performs better and better, increasing sales month by month. The Korean ...
GM's 72-Hour Sale
1 Jul 2009, 07:15 UTC · By: Daniel Patrascu / General Motors announced today it will begin two sales offers in July, namely the 72-hour sale and the Say Goodbye, the latter based on the recently approved Car Allowance Rebate System (CARS). The ...
Opel to Keep 300M Euros as Backup Funds
30 Jun 2009, 11:58 UTC · By: Bogdan Popa / With some voices hinting that Magna might fail to takeover Opel, the German brand is still relying on the 1.5 billion loan it received from the local government. And given the current rumors that th...
GM Goes to Court to Get Sale Approval
30 Jun 2009, 07:28 UTC · By: Daniel Patrascu / We could say that if today's endeavor is successful, GM is dead. So, long live New GM, the government controlled company which is expected to replace the former Detroit Three member should the ...
GM Ends NUMMI Joint Venture
30 Jun 2009, 06:14 UTC · By: Bogdan Popa / After weeks of uncertainty regarding the future of the New United Motor Manufacturing (NUMMI) joint venture with Toyota, General Motors has finally decided to end the partnership, with the last vehi...
Opel: Magna to Close Deal by Mid-September
29 Jun 2009, 13:35 UTC · By: Bogdan Popa / The Magna - Opel takeover is surely one of the most complicated deals in the auto sector, with all kinds of reports hinting either that the Canadian parts manufacturer might lose the German brand or...
GM Venezuela Has No Cars Left to Sell
29 Jun 2009, 13:23 UTC · By: Bogdan Popa / While in the United States the company still strives to cope with bankruptcy, GM is performing a lot better in overseas markets, such as Venezuela, where it has almost no cars to sell. Although it m...
GM to Idle Russian Plant
29 Jun 2009, 13:19 UTC · By: Daniel Patrascu / The stalemate in which the deal between GM and Magna seems to have got into is forcing the bankrupt American manufacturer to idle its Russian operations for at least two months. Of course, GM cites ...
Tengzhong Enters Talks With Chinese Regulators
29 Jun 2009, 12:54 UTC · By: Daniel Patrascu / This week will be decisive for both Hummer and its projected buyer, Chinese manufacturer Tengzhong Heavy Industrial Machinery. The latter will enter today formal talks with Chinese regulators, in an...
GM Agrees to Product Liability
29 Jun 2009, 10:34 UTC · By: Daniel Patrascu / Bankrupt American manufacturer GM has agreed to assume liability for future product defects in an attempt to speed up their exit from Chapter 11 protection. In addition, GM will also change the term...
Magna in Trouble, Opel Bound for BAIC, RHJ
29 Jun 2009, 08:23 UTC · By: Bogdan Popa / Even if Magna International continues its efforts to secure the Opel deal by mid-September, General Motors has signed non-binding agreements with China's Beijing Automotive and Belgium's R...
GM: No Replacement for Pontiac Vibe
27 Jun 2009, 10:17 UTC · By: Daniel Patrascu / The discontinuing of the Pontiac Vibe alter this year will leave GM's spot in the New United Motor Manufacturing (NUMMI) venture with Toyota empty, as the Americans say they have no clue with w...
Official: Michigan Orion to Build GM Small Car in 2011
27 Jun 2009, 07:24 UTC · By: Daniel Patrascu / As we reported yesterday, increasing rumors were saying that GM is getting close to designate its Orion Township, Michigan plant as the one to build the company's future small car. GM has now c...
Michigan to Host Production of GM's Small Car
26 Jun 2009, 15:09 UTC · By: Bogdan Popa / Still not official, but new rumors claim that General Motors is going to build its over-discussed small car in Michigan. The American automaker has already announced a press conference to reveal the...
Saab Needs Money Despite Koenigsegg Takeover
26 Jun 2009, 15:10 UTC · By: Bogdan Popa / Most of us thought that once Koenigsegg takes over the Swedish ailing brand Saab things will become easier for GM's unit but it just seems like problems are far from being over for the company....
China to Reject Hummer Buy
26 Jun 2009, 14:23 UTC · By: Daniel Patrascu / Initial rumors claiming the Chinese authorities will reject Tengzhong's bid for Hummer are getting closer and closer to becoming reality. According to a report by AP, China plans on saying no t...
2010 GMC Terrain Pricing Announced
26 Jun 2009, 09:32 UTC · By: Daniel Patrascu / American manufacturer GM has announced today pricing for its 2010 GMC Terrain five-passenger crossover, which will become available in September. The Terrain starts at $24,995 for the front-wheel dr...
The New Automotive World Order
26 Jun 2009, 20:00 UTC · By: Daniel Patrascu / 2009 has been so far, and chances are it will still be, a very troubled year in the automotive industry. Brought to its knees by an economic crisis which began in an entirely different sector of the...