GM to Exit Bankruptcy on Thursday
8 Jul 2009, 13:57 UTC · By: Daniel Patrascu / Much faster than initially predicted, American manufacturer GM, or General Motors Company, as it will be called from now on, is getting ready to exit bankruptcy tomorrow, as soon as the court'...
Accident Litigants Denied Appeal
8 Jul 2009, 12:05 UTC · By: Daniel Patrascu / As we reported two days ago, immediately after Judge Robert Gerber approved GM's sale, a group of accident litigants involving GM vehicles decided to oppose the sale and asked for the matter to...
BAIC's Plan for Opel
8 Jul 2009, 09:06 UTC · By: Daniel Patrascu / As things begin to hit up for Magna, with the Chinese from BAIC breathing down their necks, more and more details about what the Chinese are planning to do with Opel start to surface. We are coverin...
GM Asks Court to Kill 70 Dealerships
8 Jul 2009, 06:45 UTC · By: Daniel Patrascu / Close to completing the sale of its assets to the General Motors Company, the American manufacturer has yesterday asked the bankruptcy court to cancel 70 dealers' contracts. In all, by 2010, th...
GM Plug-In SUV Still in Play for 2011
7 Jul 2009, 14:55 UTC · By: Bogdan Popa / General Motors is still on track to release a plug-in sport utility vehicle in 2011, GM Vice Chairman Tom Stephens said in an interview, despite the Saturn brand going under the ownership of Penske ...
Toyota to Decide on NUMMI by August
7 Jul 2009, 14:51 UTC · By: Daniel Patrascu / The fate of the now former joint venture Toyota has been operating in California together with GM may be decided by the end of the month, as the negotiations between the two parties may come to a co...
GM to Get Remaining $20 Billion Loan This Year
7 Jul 2009, 09:30 UTC · By: Bogdan Popa / As it gets ready for a new start and emerge from bankruptcy as a clean company, General Motors received yet another good news: the company will receive the final $20 billion in US funding this year,...
GMAC Responds to GM's Sale Approval
7 Jul 2009, 06:46 UTC · By: Daniel Patrascu / Finance company GMAC has issued a somewhat ironic statement yesterday, in response to the bankruptcy's court approval of the GM asset sale. The bank holding commends the approval and explains w...
Accident Litigants Challenge GM's Sale
6 Jul 2009, 15:06 UTC · By: Daniel Patrascu / The four day window granted by Judge Robert Gerber to complete the sale of GM's assets over to the new company has left a group of accident litigants involving GM vehicles room to file a notice...
Chevrolet Gets Stronger in France, Germany
6 Jul 2009, 13:19 UTC · By: Bogdan Popa / Chevrolet is one of the four core brands General Motors will continue to rely on after exiting from bankruptcy but the division seems to be prepared to help the parent company in each corner of the ...
Camaro Comes to Europe
6 Jul 2009, 12:48 UTC · By: Daniel Patrascu / Finally, after decades of waiting, Camaro fans across Europe may have the chance to get their hands on brand new Camaros from authorized dealerships and not through "friends-of-a-friend". ...
GM Is Dead, Long Live General Motors Company
6 Jul 2009, 08:00 UTC · By: Daniel Patrascu / As we told you earlier today, the bankruptcy court has approved the sale of GM's assets to the new company, opening the door for the American manufacturer to exit Chapter 11. General Motors has...
BAIC Enters Bid for Opel
6 Jul 2009, 07:03 UTC · By: Daniel Patrascu / Putting an end to recent talk of their possible bid for Opel, Chinese manufacturer BAIC has made a take-over offer for German brand Opel. According to a German newspaper, quoted by Autonews, the Chi...
GM Assets Sale Approved
6 Jul 2009, 06:01 UTC · By: Daniel Patrascu / Much sooner than expected, the sale of GM's assets to the new company has been approved yesterday by Judge Robert Gerber of the U.S. bankruptcy court in Manhattan. The judge motivated his decis...
Magna - Opel Deal Almost Done
5 Jul 2009, 08:43 UTC · By: Bogdan Popa / We are now days away from the end of what seems to be one of the most thrilling automaker takeovers we’ve ever seen. At least, this is what GM Europe says, hinting that the Canadian – Au...
GM Awaits Its Fate
3 Jul 2009, 10:44 UTC · By: Daniel Patrascu / All that could be done has been done... The three day long hearing of GM's case in bankruptcy court ended and now the American manufacturer is awaiting the approval of assets sale over to the n...
2011 Cadillac XTS Luxury Sedan in the Works
3 Jul 2009, 08:48 UTC · By: Bogdan Popa / Cadillac, one of the four core brands the new General Motors is focusing on, is reportedly working on a new luxury sedan codenamed XTS that might be launched sometime around 2011. The future Cadilla...
Camaro Outsells Mustang
2 Jul 2009, 12:06 UTC · By: Daniel Patrascu / The decade long battle between the two iconic Camaro and Mustang has entered a new era as, for the first time in 16 years, Chevrolet managed to outsell Ford when it comes to the two names. The n...
GM's Ally Hitachi to Ramp Up Battery Production
2 Jul 2009, 09:43 UTC · By: Bogdan Popa / Battery manufacturer Hitachi plans to invest more in its production process and raise the output of lithium-ion batteries by 70 percent by 2015. According to report by the Nikkei business daily, Hit...
BAIC Prepares Bid for Opel
2 Jul 2009, 09:29 UTC · By: Bogdan Popa / Chinese manufacturer BAIC seems to be really enthusiastic with its plans to take over the German ailing unit Opel and is now finalizing a takeover proposal expected to be submitted to General Motors...