Magna's New Goal: Build Opels in Canada
1 Jun 2009, 10:41 UTC · By: Bogdan Popa / Magna, the new Opel owner, has very optimistic plans when it comes to the German ailing brand and, in addition to the scheme we have already told you about, the Canadian-Austrian manufacturer also a...
Holden to Survive Despite GM's US Bankruptcy
1 Jun 2009, 10:22 UTC · By: Bogdan Popa / GM's Australian division Holden is still on the safe side, government officials were quoted as saying, despite the American manufacturer is getting ready to step under Chapter 11 in the domesti...
Magna - Opel Deal Could Crush Saab's Revival Hopes
1 Jun 2009, 09:39 UTC · By: Bogdan Popa / Although most people involved in the automotive industry - excepting Fiat of course - think the Magna - Opel alliance is a good thing, the guys over at Saab are afraid that the deal could affect the...
GM to File for Bankruptcy
1 Jun 2009, 06:29 UTC · By: Bogdan Popa / It is only a matter of time until General Motors officially confirms it will file for bankruptcy but sources are claiming the General's future has already been decided. According to a report by...
Confirmed: GM Will Build Small Car in the US
31 May 2009, 11:58 UTC · By: Bogdan Popa / One more rumor that proves to be true. General Motors has finally confirmed that it will build a small car in the United States, following the agreement it reached with the United Auto Workers (UAW)...
Main Street Bondholders Oppose GM's Offer
29 May 2009, 10:00 UTC · By: Daniel Patrascu / The last ditch effort made by GM to come to an an agreement with its bondholders over the $27.2 billion debt has hit a brick wall, at least as far as the Main Street Bondholders are concerned. The g...
Fiat Backs Down on Opel Deal
29 May 2009, 09:35 UTC · By: Daniel Patrascu / It is unclear yet whether this is just a mean for Fiat to twist the German government's arm or a real sign that Fiat will give up on Opel out of frustration at rival bidder Magna, but the Itali...
GM's Future to Revolve Around Camaro, Corvette and Volt
29 May 2009, 09:19 UTC · By: Bogdan Popa / General Motors is slowly but surely going into bankruptcy, with an official filing expected to be announced on Monday. But what's going to happen after Monday? General Motors' Bob Lutz exp...
GM Bondholders, Unite!
29 May 2009, 09:33 UTC · By: Daniel Patrascu / As bankruptcy closes in on what was once the mighty General Motors, the prospects for the small bondholders of the company look darker and darker. GM's latest offer to its largest bondholders h...
GM to Shut Down 14 Plants on Monday
29 May 2009, 08:49 UTC · By: Bogdan Popa / The bankruptcy filing General Motors is going to announce on Monday will obviously have serious consequences over the American auto sector. According to a report by the Associated Press, the US car ...
Almost Official: GM to File for Bankruptcy on Monday
29 May 2009, 08:06 UTC · By: Bogdan Popa / Rumors surrounding General Motors' fate continue to surface, with a new story claiming that the American auto giant might file for bankruptcy on Monday. Just like in Chrysler's case, Gener...
GM Makes Final Exchange Offer
28 May 2009, 14:47 UTC · By: Daniel Patrascu / General Motors, heavily supported by the US Treasury Department is now trying to make a last ditch effort to save itself from a long and costly bankruptcy process. After the initial exchange offer b...
GM Preps for Section 363 Sale
28 May 2009, 14:44 UTC · By: Daniel Patrascu / With a final decision regarding its future only days away, American manufacturer GM has started setting up scenarios to see how the company can exit bankruptcy as fast and as safely as possible. The...
GM Admits Defeat from Lenders
28 May 2009, 07:00 UTC · By: Daniel Patrascu / General Motors has officially confirmed that it did not manage to swap the $27 billion debt for shares in the new company. The confirmation came as a result of the expiration of the exchange offer, ...
No Winner on Opel Lottery
28 May 2009, 06:57 UTC · By: Daniel Patrascu / The months of talks, bids and threats regarding the future of German manufacturer Opel have accounted for nothing so far, as the talks held yesterday between the involved parties have not reach any ...
Cadillac SRX Crossover, CTS Sport Wagon Come This Summer
27 May 2009, 12:29 UTC · By: Daniel Patrascu / Despite talk of bankruptcy, GM is planning to release two new Caddys this summer, as if releasing new vehicles onto the luxury segment of the market is just the manufacturer needs to get out of trou...
GM to Save 2 Plants Sentenced to Death
27 May 2009, 10:31 UTC · By: Bogdan Popa / Following the agreement General Motors has reached with the United Auto Workers (UAW), the American automaker will save two factories targeted for closure. According to the terms of the agreement, G...
GM Bondholders Reject Offer, Bankruptcy Likely
27 May 2009, 10:28 UTC · By: Daniel Patrascu / As we told you earlier today, the deadline set for GM's bondholders (to accept or decline the swap of a $27 billion for a 10 percent stake in the reorganized company), came and went last night....
The General's Final Days
27 May 2009, 06:51 UTC · By: Daniel Patrascu / General Motors is now going through its final days, as the deadline set by the US government looms ever closer. The manufacturer has one major obstacle ahead, an obstacle no one yet knows if it has ...
2009 Tokyo Motor Show Loses Porsche, Maserati
25 May 2009, 08:56 UTC · By: Bogdan Popa / Following last week's announcement that no less than 22 manufacturers will not attend the upcoming 2009 Tokyo Motor Show, here are two new names that confirmed they won't show up at the ev...