GM Ends Dealership Restructuring
19 Jun 2009, 13:40 UTC · By: Daniel Patrascu / Bankrupt American manufacturer GM announced yesterday it has completed the restructuring process of its dealership network. According to the company, only 30 of its dealers have declined to sign agr...
Buick New Ad, Video Included
19 Jun 2009, 10:55 UTC · By: Bogdan Popa / General Motors recently rolled out a new ad campaign for the 2010 Buick LaCrosse which promotes a new tagline: "Take a loot at me now", hinting that the new GM has brought a lot of new thi...
BAIC Granted Access to Opel's Accounts
19 Jun 2009, 06:30 UTC · By: Bogdan Popa / Just when everybody thought that the deal is finally over and Magna has managed to take over the German unit Opel, officials close to the matter stepped in and said the American parent company is al...
GM Confirms It Will Kill Pontiac Vibe in August
19 Jun 2009, 05:55 UTC · By: Bogdan Popa / Unfortunately for those of you who hoped to see a miracle and General Motors to save the Pontiac brand, or at least the Vibe model, it won't happen. The American manufacturer confirmed in a pre...
Koenigsegg-Saab Takeover Prophesied by Photo Shoot in 2006
18 Jun 2009, 12:14 UTC · By: Tudor Raiciu / The recent Saab acquisition by Koenigsegg was apparently foretold not by sages, but by a photo session in 2006 bringing together a Saab Aero X and a Koenigsegg CCX. According to forum posts on s...
Magna to Get Opel Final Signing by July 15
18 Jun 2009, 10:58 UTC · By: Bogdan Popa / Negotiations between General Motors and Magna International regarding the Opel takeover continue despite some reports claiming that Germany is still talking with other interested parties. Additional...
GM Must Act Faster, Says CEO
18 Jun 2009, 09:46 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson says the company he leads must make decisions faster in the future if it really wants to become competitive, not only to continue the restructuring plan or change chief...
GM Proceeds to Sprint Cup Cuts
18 Jun 2009, 07:58 UTC · By: Ovidiu Panzariu / General Motors' reorganizing through Chapter 11 bankruptcy will not leave the NASCAR Sprint Cup Series unaffected by important changes. After GM last week announced 100% support cut for all the...
Toyota Adds Weekend Shifts for Prius
18 Jun 2009, 07:58 UTC · By: Daniel Patrascu / Japanese manufacturer Toyota announced it will start weekend shifts at its Tsutsumi factory, in order to meet the demand for the new Prius. Together with the other Toyota plant in Japan, belonging t...
Saab Gets Debt Writedown
17 Jun 2009, 12:45 UTC · By: Daniel Patrascu / Things are beginning to get back on track for Swedish manufacturer Saab, after months and months of uncertainty. Following yesterday's announcement that Koenigsegg will buy the company, Saab ma...
GM Warns Exec Shake-Ups to Follow
17 Jun 2009, 09:31 UTC · By: Daniel Patrascu / Whereas in Chrysler's case the bankruptcy process was mostly designed on the reorganization of production and dealership network, in GM's case it is more of a battle for survival for the c...
Ex-GM Employee Joins Russia's GAZ as Chairman
17 Jun 2009, 09:23 UTC · By: Bogdan Popa / Bo Anderson, who recently announced his departed from General Motors, will join the Russian automaker GAZ and will serve as chairman, Reuters revealed today. What's interesting is that Anderson...
GM Takes HydroGen to the Next Level
16 Jun 2009, 10:50 UTC · By: Daniel Patrascu / Still bankrupt American manufacturer GM has unveiled today, together with Regione Piemonte officials in Italy, its fourth generation hydrogen powered vehicle, dubbed HydroGen4 (original, ain't...
Confirmed: Koenigsegg Buys Saab
16 Jun 2009, 10:25 UTC · By: Bogdan Popa / General Motors has just confirmed that Koenigsegg will be the new owner of Swedish manufacturer Saab, with the deal expected to close by the end of the third quarter. The European Investment Bank (E...
Saab US Dealers Asked to Sign by Friday
16 Jun 2009, 07:21 UTC · By: Daniel Patrascu / GM has asked its 220 US based Saab dealers to sign a proposed agreement by Friday, a clear indication that GM's Swedish brand is on the verge of a sale. This will not mean though that all the d...
New Saab Owner to Be Revealed This Week
15 Jun 2009, 14:06 UTC · By: Bogdan Popa / This time Saab says it's serious. After last week it said the new owner of the company was to be announced by Sunday, here we are today talking about the same rumors surrounding the next invest...
Orion Offers GM $44 Million in Return for Small Car Production
15 Jun 2009, 13:46 UTC · By: Bogdan Popa / A fierce battle has started for GM's small car platform and the American automaker seems to enjoy it. After requesting no less than 200 million dollars from the state of Tennessee in exchange f...
Tengzhong: There Will Be Only One Hummer
15 Jun 2009, 12:37 UTC · By: Bogdan Popa / Sichuan Tengzhong Heavy Industrial Machinery who's now seen as the favorite to take over GM's Hummer unit, said the deal might be completed by October but refused to provide other details ...
GM Plans to Keep 95 Percent of Eligible Dealers
15 Jun 2009, 10:50 UTC · By: Bogdan Popa / In spite of the massive dealership cut announced by General Motors some weeks ago, the company's CEO Fritz Henderson recently revealed that more than 95 percent of eligible GM dealers will rema...
US Presidential Limo, from Steam to the Beast
15 Jun 2009, 16:07 UTC · By: Daniel Patrascu / One of the most sought after "shows" on American city streets is the passing of a Presidential motorcade. Today, the simple act of the President going from place to place in a car has beco...