Hummer Sold to Tengzhong
12 Oct 2009, 06:31 UTC · By: Daniel Patrascu / The almost half-of-year long negotiations between American manufacturer GM and the Chinese Hummer suitor Tengzhong concluded this past weekend with the signing of a definitive agreement between the ...
Cadillac Looking for New Ad Agency
10 Oct 2009, 09:07 UTC · By: Alexandru Radu Chis / General Motors announced it will search for a new and more efficient advertising agency for its luxury auto brand, Cadillac.The news came from both GM’s CEO, Fritz Henderson and Cadillac&rsquo...
GM Thai Strike, $6 Million a Day
9 Oct 2009, 09:53 UTC · By: Bogdan Popa / General Motors earlier this week halted production in Thailand after workers at the local plant went on strike on Monday. A report issued today revealed that the strike at GM Thailand is costing the...
Global VP: Chevy Needs to Be General Motors
9 Oct 2009, 08:58 UTC · By: Bogdan Popa / {MiG1}Chevrolet is one of GM's four core brands and, as long as company officials are concerned, it plays a key role in the global market strategy of the US-based former bankrupt automaker. Bre...
Delphi, Back with Confidence
9 Oct 2009, 09:28 UTC · By: Daniel Patrascu / It took the American supplier some four long years to exit bankruptcy protection, yet it is this exact reason the one behind the company's new found confidence that it will succeed. With most o...
GM to Sell Hummer for $150 Million
9 Oct 2009, 08:06 UTC · By: Bogdan Popa / Rumors are hinting that General Motors and China's Sichuan Tengzhong Heavy Industrial Machinery Co. are expecting to close the Hummer deal in a few days but a new report is revealing that the U...
GM China Sets All-Time Monthly Sales Record
9 Oct 2009, 06:40 UTC · By: Bogdan Popa / General Motors today announced that its Chinese operations established a new sales record in September, with the automaker and its joint ventures selling a total of 181,148 vehicles last month. Sale...
2010 Chevrolet Agile Photos Released
8 Oct 2009, 13:27 UTC · By: Daniel Patrascu / American manufacturer GM released today a more comprehensive set of photos showing the Brazilian designed and built Chevrolet Agile. The hatchback will become available later this year in Brazil, Ar...
New GM's First 90 Days
8 Oct 2009, 09:22 UTC · By: Daniel Patrascu / Believe it or not, American manufacturer GM, the reborn version, is now three months old. As is the custom, GM decided to let the public know how they've been, what's working and what'...
GM's Cost-Cutting Almost Completed
8 Oct 2009, 08:29 UTC · By: Bogdan Popa / General Motors' fight with the economic chaos is about to end as the company is now entering the last rounds of the huge cost-cutting process it started earlier this year. Still, the US-based m...
Mark LaNeve Leaves GM, Susan Docherty to Replace Him
8 Oct 2009, 06:31 UTC · By: Daniel Patrascu / General Motors' CEO, Fritz Henderson, announced yesterday the departure of the manufacturer's vice president for US sales, Mark LaNeve. The vice president will leave the manufacturer start...
GM Asked by Banks to Invest More in Daewoo
7 Oct 2009, 09:35 UTC · By: Daniel Patrascu / Threatening to mature both loans and foreign exchange forward contracts, the Korea Development Bank asked American manufacturer GM to raise more money for its local unit, Daewoo. According to Min Eu...
Nexteer Automotive, Born of Delphi
7 Oct 2009, 08:42 UTC · By: Daniel Patrascu / As a result of Delphi's emergence from bankruptcy, a new entity will be formed to comprise the supplier's steering business. Owned by GM's new Global Steering Holdings, the new Nextee...
Delphi Exits 4-Year Long Bankruptcy
7 Oct 2009, 06:50 UTC · By: Daniel Patrascu / The long talked about deal between American manufacturer GM and supplier Delphi concluded yesterday with the official emerge of the supplier from the four-year long bankruptcy. As a result of the de...
Ford to Overtake GM by 2012, Challenge Toyota
6 Oct 2009, 12:46 UTC · By: Bogdan Popa / Ford, the only large Detroit automaker that managed to cope with the economic chaos without money supplied by the government, will overtake General Motors by 2012, according to an economic forecasti...
What Saturn Needs to Survive
6 Oct 2009, 10:12 UTC · By: Daniel Patrascu / The soon-to-be dead American brand Saturn is not in such a big deep "something" some would like to believe. According to Todd Ingersoll, Saturn Retailer Council member, all the brand would...
Opel Sale to Close on Monday?
6 Oct 2009, 07:30 UTC · By: Bogdan Popa / Magna International and Sberbank, the Russian partner that will help it take over a 55 percent stake in Opel, are expected to close the deal early next week, probably on Monday or Tuesday. Negotiati...
GM Halts Thai Production Due to Strike
5 Oct 2009, 14:42 UTC · By: Bogdan Popa / General Motors is again forced to temporarily halt production due to a workers' strike, this time in Thailand, after negotiations between union leaders and officials of the company failed to co...
Hummer Brand to Be Sold in Days
5 Oct 2009, 09:02 UTC · By: Bogdan Popa / Negotiations between General Motors and China's Sichuan Tengzhong Heavy Industrial Machinery continue and a final agreement is expected to be signed in a few days. The South China Morning Post ...
Detroit 3, Nissan to End Contracts with Visteon
5 Oct 2009, 08:05 UTC · By: Bogdan Popa / Visteon, currently operating under bankruptcy protection, might lose contracts with GM, Chrysler and Ford, also known as Detroit 3, as well as with Japanese carmaker Nissan. In a report published to...