NADA: Cutting Dealers Is Not the Way
15 Jun 2009, 10:42 UTC · By: Daniel Patrascu / The grim prospects for dealerships, resulted from the bankruptcy process in which two of the biggest US manufacturers are involved, have been a reason for debate for a long time now. It is likely th...
Koenigsegg Could Save Saab, Says Co-Owner
15 Jun 2009, 08:25 UTC · By: Bogdan Popa / With some sources claiming Koenigsegg has already sealed the deal with General Motors to take over Saab, the Swedish luxury sports carmaker is confident that it could save Saab and bring it back to ...
Opel to Build Cars for Other Automakers on GM Platforms
15 Jun 2009, 07:47 UTC · By: Bogdan Popa / Just as we told you some time ago, Magna International, who is now favorite to take over the German unit Opel, plans to use GM Europe's brand to build cars for other automakers. And Magna'...
GM Wants $200M to Build Small Car in Tennessee
15 Jun 2009, 07:20 UTC · By: Bogdan Popa / GM is asking for around $200 million from the state of Tennessee to build a small car at the Spring Hill factory, Governor Phil Bredesen revealed after a meeting with a group of officials representi...
GM: We'll Still Own the Largest Dealer Network in the US
15 Jun 2009, 06:33 UTC · By: Bogdan Popa / There’s no doubt General Motors hopes to get back to profitability, and all the cost cutting measures we’ve seen in the last few months are the living proof of that. But the recently ann...
General Motors Halts Sponsorship for Nationwide, Truck Series
12 Jun 2009, 15:04 UTC · By: Bogdan Popa / Already bankrupt automaker General Motors continues the restructuring process, this time outside the passenger car industry sector. The American manufacturer announced it will halt sponsorship for N...
Koenigsegg to Buy Saab
12 Jun 2009, 08:49 UTC · By: Daniel Patrascu / In what is still unconfirmed news, the Swedish television, citing sources close to the matter, says luxury carmaker Koenigsegg, together with a few Norwegian investors including Eker Group, Koenigse...
GM Kills Chevrolet Malibu, Saturn Aura Hybrids
12 Jun 2009, 06:53 UTC · By: Bogdan Popa / Still under the Chapter 11 umbrella, General Motors takes the first decision regarding its product lineup: it will stop making Chevrolet Malibu and Saturn Aura hybrids but will design a new and more...
GM Gives Up on Closing Some Dealers
11 Jun 2009, 09:46 UTC · By: Daniel Patrascu / GM came back on its decision to close some of its dealerships and is now reviewing the list of those targeted to be terminated. Up until now, GM has reversed its decision for some 30 dealerships, wi...
The Battle for GM's Small Car Down to Three Plants
11 Jun 2009, 07:08 UTC · By: Bogdan Popa / As you probably remember from our previous coverage on the matter, General Motors recently decided after an agreement with the United Auto Workers union to save one of the plants sentenced to closur...
2010 Corvette Grand Sport Priced at $55,720
11 Jun 2009, 06:57 UTC · By: Daniel Patrascu / For automotive enthusiasts who care less about how GM is doing in bankruptcy and more about the car manufacturing aspect of their business, news of a new addition to the Corvette range is a breath o...
Tengzhong Confirms Plans for Chinese Hummer
10 Jun 2009, 13:58 UTC · By: Daniel Patrascu / Even if Tengzhong said in the early stages of the deal it will not move any of Hummer's production outside the US, some media reports now claim that the Chinese plan to move some of the produc...
GM Dealers to Receive Participation Letter
10 Jun 2009, 13:14 UTC · By: Daniel Patrascu / As a result of the new Participation Letter Agreement between GM and its dealers, the American manufacturer will send out today, via Federal Express, 4,100 addendum letters to its surviving dealers,...
Edward Whitacre, GM's New Chairman
10 Jun 2009, 09:00 UTC · By: Daniel Patrascu / Together with a new company, GM is preparing a new management team for the organization due to be born following the exit from bankruptcy later this year. One of their first moves was to appoint Edw...
Saab Buyer to Be Announced This Week
10 Jun 2009, 08:38 UTC · By: Bogdan Popa / Here we go again: General Motors is apparently planning to announce the new Saab owner as soon as this week, a report by the Financial Times states, confirming that the battle for the Swedish manufa...
GM, Ford Fear Russian Market Fall
9 Jun 2009, 14:19 UTC · By: Daniel Patrascu / Whereas in some parts of the world (read China) the economic crisis seems to soften, the Russian automotive industry appears to have only begun to take the heat. In all, Russian automobile market fe...
Fiat Stood No Chance in Opel Deal
9 Jun 2009, 13:53 UTC · By: Daniel Patrascu / Now this is a "rub it in their face" kind of a statement. Following the first major defeat of Italian manufacturer Fiat in its "take-it-all-leave-nothing-standing" approach, Rola...
Saab: Fiat Backs Down, Merbanco Steps In
9 Jun 2009, 12:55 UTC · By: Daniel Patrascu / The Saab sad story continues but, as we got used to by now, not with official developments, but with rumors coming from inside sources. Even if the Swedish company has not yet named any of its suito...
Penske to Ask Saturn Dealers to Continue
9 Jun 2009, 12:49 UTC · By: Daniel Patrascu / The almost last minute save of GM's brand Saturn from the projected extinction by Penske also means a breath of fresh air for Saturn's dealers. According to a report by Autonews, Saturn�...
NADA Commends GM, Does Not Endorse Agreement
9 Jun 2009, 10:57 UTC · By: Daniel Patrascu / Following the agreement reached on Monday between General Motors and the National Automobile Dealers Association (NADA), the parties involved raced each other in issuing praising statements. Accordi...