GM Would Need $6.1 Billion to Keep Opel
9 Sep 2009, 09:34 UTC · By: Bogdan Popa / In case General Motors wants to retain Opel, the former US bankrupt automaker would need around $6.1 billion to restructure the German unit, a report issued by financial advisory firm KPMG sent to t...
Shanghai GM to Purchase Cars and Parts from the US
9 Sep 2009, 07:53 UTC · By: Bogdan Popa / General Motors and its Chinese division Shanghai GM today signed an agreement to purchase cars, vehicle kits, machinery and equipment manufactured by the parent company in the United States. GM said...
GM to Delay Opel Decision Until October?
8 Sep 2009, 15:28 UTC · By: Bogdan Popa / General Motors plans to delay the Opel decision until October, a German newspaper reported today citing sources close to the matter. This means that the new Opel owner will be announced after the Ge...
Tengzhong Wants Hummer, Despite Regulatory Rejection
8 Sep 2009, 09:19 UTC · By: Daniel Patrascu / The courtship between Chinese manufacturer Tengzhong and GM's last standing "bad asset," Hummer, continues, apparently without resolution. In the latest development, the Chinese said ...
Opel Decision Announced Today?
8 Sep 2009, 07:48 UTC · By: Bogdan Popa / Even if General Motors hasn't announced a deadline for making a decision on the future of Opel, German Economy Minister Karl-Theodor zu Guttenberg said yesterday that the American manufacturer ...
Koenigsegg Submits New Financing Plan
7 Sep 2009, 12:43 UTC · By: Daniel Patrascu / Swedish manufacturer Koenigsegg Group AB submitted its new financing plan for the purchase of the former GM unit, Saab. According to State Secretary Joran Hagglund, speaking to Reuters, the new plan...
Germany Agrees GM's Position on Opel Has Changed
7 Sep 2009, 12:03 UTC · By: Daniel Patrascu / Fervent supporter of a deal between Magna and Opel, the German state admitted during the weekend that GM is no longer the troubled carmaker which put Opel up for sale earlier this year, hinting that...
GM Expands Brazil Tech Center
7 Sep 2009, 12:00 UTC · By: Daniel Patrascu / American manufacturer GM and its subsidiary GM do Brasil have announced today the opening of the new, expanded, research center in Sao Caetano do Sul in the Greater Sao Paulo. Together with the expa...
MINI to Expand US Dealership Count
7 Sep 2009, 08:08 UTC · By: Daniel Patrascu / British manufacturer MINI is trying to capitalize on both its future line-up and the withdrawal of the Detroit Three from some areas of the country. According to Autonews, MINI will increase its dea...
Opel Ampera Mules Road Tests Begin
7 Sep 2009, 07:36 UTC · By: Daniel Patrascu / German manufacturer Opel has begun road testing of the upcoming plug-in hybrid vehicle, the Ampera. The testing is being done at the manufacturer's Dudenhofen proving ground, in expectation of ...
India, the New Automotive El Dorado
7 Sep 2009, 06:01 UTC · By: Daniel Patrascu / The announcement and then the arrival onto the market of the world’s cheapest vehicle, the Nano, were both received by the automotive world with certain distrust. Still, as time passes, carmak...
Methode Sues Delphi
4 Sep 2009, 14:09 UTC · By: Daniel Patrascu / After earlier today good news for American supplier came, following the approval by US anti-trust officials of GM's buy offer, trouble ahead, once again, for Delphi. Methode Electronics, suppli...
GM Delphi Assets Buy Approved
4 Sep 2009, 09:57 UTC · By: Daniel Patrascu / United States anti-trust officials approved yesterday GM's attempt to buy certain assets of the now bankrupt American supplier Delphi. The assets at stake are Delphi's global steering busi...
Workers Don't Agree with GM Controlled Opel
3 Sep 2009, 15:06 UTC · By: Bogdan Popa / Even if General Motors plans to keep Opel and restructure the brand on its own, the former bankrupt US automaker might encounter more difficulties, other than the money needed to keep the company al...
GM Brazil Opens Biggest Technical Center in Latin America
3 Sep 2009, 14:09 UTC · By: Bogdan Popa / Latin America is playing a key role in GM's global strategy, so the investments the American manufacturer is making in this region are quite understandable. For example, the company announced o...
GM Expects 1Bn Euros for Opel from Spain, UK and Poland
3 Sep 2009, 10:13 UTC · By: Bogdan Popa / Even if it's still reticent over the future of Opel, General Motors is seeking for a 1 billion euros funding package from the governments of Spain, the UK and Poland. Furthermore, in case it wo...
GM Sales Still Down, Despite CARS Thrust
3 Sep 2009, 07:14 UTC · By: Daniel Patrascu / Despite a very good performance in China and the success of the CARS program, American manufacturer GM still didn't manage to beat its own sales record, set in August 2008. And, despite August ...
GM Reveals 49.6 Sales Increase in China
2 Sep 2009, 13:52 UTC · By: Bogdan Popa / Sales are going pretty well for General Motors in China, as the company today revealed that the first eight months of the year brought a 49.6 percent sales increase on an annual basis to 1,111,401 u...
eBay and GM Extend ‘Click and Buy’ Promotion
2 Sep 2009, 08:07 UTC · By: Alina Dumitrache / The eBay Motors and General Motors partnership that started three weeks ago turned out to be a successful strategy for the US automaker, as the Americans showed quite a high interest for GM's n...
GM Board to Meet on Opel's Future Today
2 Sep 2009, 07:37 UTC · By: Bogdan Popa / Members of GM's board will meet once again today, with the future of the German unit Opel the main entry on the agenda. However, a decision on who's the one to control Opel is now expected...