GM to Fire 1,600 US Workers This Week
21 Apr 2009, 15:30 UTC · By: Bogdan Popa / General Motors continues its fight for survival and today announced that as part of its attempt to reduce workforce and save costs, around 1,600 workers will be fired this week. The plan was announc...
Chinese Buyers Interested in Opel, 500M Euros Minimum Expected
21 Apr 2009, 13:03 UTC · By: Bogdan Popa / Opel's soap-opera continues with a new episode, this time involving Chinese companies who are reportedly interested in buying GM's German unit. According to a report by Autonews, sources f...
Shanghai Brand Fuel Cell Vehicle Joins Equinox Fuel Cell
21 Apr 2009, 12:08 UTC · By: Daniel Patrascu / The confusing title you read above is no brainchild of ours, but the name given by Chinese SAIC to their Equinox counterpart: Shanghai Brand Fuel Cell Vehicle. The car, powered by GM's fourth-g...
Chevrolet Says "Nein" to Frankfurt
21 Apr 2009, 09:18 UTC · By: Daniel Patrascu / GM is slowly but surely slipping the public's mind as an automotive manufacturer, as its battle for survival grows ever stronger. Using pretexts such as "we have nothing new to present at ...
Saab Showcases Its Operations to Investors
17 Apr 2009, 14:36 UTC · By: Daniel Patrascu / Tired or not of Saab's story, there is no getting around the Swedish manufacturer. The ever growing number of investors who are supposedly taking interest in GM's unwanted brand are now be...
GM CEO Henderson Won't Attend Shanghai Auto Show
17 Apr 2009, 13:12 UTC · By: Bogdan Popa / The newly-appointed General Motors CEO Fritz Henderson won't attend the upcoming Shanghai Auto Show, a company spokesman said was quoted as saying today. The main reason for this decision is th...
GM Denies Plans to Scrap Pontiac, GMC
17 Apr 2009, 06:48 UTC · By: Daniel Patrascu / The struggling American manufacturer GM stepped forth yesterday and denied reports which surfaced about its plans of ending franchise agreements of poorly performing dealerships as well as getting r...
GM May Scrap Pontiac, GMC
16 Apr 2009, 15:00 UTC · By: Daniel Patrascu / Most of us know by now that GM is planning, as part of its restructuring scheme, to split in two, separating the good brands it manages from the bad ones. Whether it will go into bankruptcy (the mos...
Saab, Investors' El Dorado...
16 Apr 2009, 09:13 UTC · By: Daniel Patrascu / ...or plain and simple wishful thinking. Or perhaps a marketing stunt, given the fact that the brand is up for sale. We will probably never now, but at least the Swedish manufacturer keeps us up to ...
GM, Ford Offers $50 Voucher for Testdriving Cars
16 Apr 2009, 08:33 UTC · By: Bogdan Popa / Or how desperate the American companies have become following the impact of the economic chaos... Both General Motors and Ford today announced a new campaign aimed at bringing more visitors into the...
GM to Close 1,700 Dealerships by June 1st
16 Apr 2009, 08:09 UTC · By: Daniel Patrascu / The inevitable June the 1st deadline, as well as the "under the table" talks of Chapter 11, had the effect the US government both hoped for and expected: GM throttles up restructuring. The...
Cadillac Converj Will Be. Or Will It Not?
15 Apr 2009, 09:36 UTC · By: Daniel Patrascu / General Motors' Chevrolet Volt inspired Converj appears to have received the go ahead to enter production, with the goal set to make its first road trip as soon as 2011, according to sources q...
Standard and Poor's Raises Ford's Rating, Expects Bad Year
14 Apr 2009, 14:54 UTC · By: Daniel Patrascu / While over the weekend rating provider Standard and Poor's lowered its ratings for struggling manufacturers GM and Chrysler, not the same can be said about the other Detroit Three giant, Ford. ...
VW Increases Chinese Production Thanks to High Sales
14 Apr 2009, 14:44 UTC · By: Bogdan Popa / Although it's well known that the economic recession slashed sales all around the world, it seems like some companies are doing actually fine, with revenues growing up in certain core markets. ...
GM's Bankruptcy: Fast It Will Be Not
14 Apr 2009, 14:31 UTC · By: Daniel Patrascu / As we informed you in our previous reports, GM is taking small and steady steps, guided by the US Treasury Department, towards entering court supervised bankruptcy. Still, the US governments' h...
Holden to Be the First GM Unit to Die, Expert Predicts
14 Apr 2009, 13:59 UTC · By: Bogdan Popa / GM's Australian unit Holden won't survive the economic downturn and will become the first General Motors unit to die due to this reason, editor of the car buyers Dog & Lemon Guide, Cli...
GM Shares Plunge Following Bankruptcy Fears
13 Apr 2009, 15:33 UTC · By: Daniel Patrascu / Talk of GM's imminent filling for Chapter 11 has had nothing but the expected result on the company's shares, as they dropped by 16 percent today following the news that the US Treasury De...
GM Pledges for "Tough Actions" to Stay in Business
13 Apr 2009, 11:03 UTC · By: Bogdan Popa / We already knew that General Motors was experiencing the toughest period in its history, with cost-cutting measures, viability plans and major departures turning into common things for those involve...
Consumers Give Up on Saturn, Dealers Close Stores
13 Apr 2009, 09:33 UTC · By: Bogdan Popa / With company officials awaiting a decision from parent company General Motors, Saturn's crisis is deepening day by day. As a direct result of the chaos surrounding Saturn, consumers have lost t...
GM Told to Prepare for Chapter 11 by June 1st
13 Apr 2009, 09:22 UTC · By: Daniel Patrascu / The first nail in GM's coffin was hammered by the US Treasury Department yesterday, as it told General Motors to prepare for Chapter 11 filling by June the 1st, the date when the new deadline s...