Holden Owner Says Company Not for Sale
9 Jun 2009, 07:56 UTC · By: Bogdan Popa / Even if the parent company, General Motors, filed for bankruptcy in the United States, Australian automaker Holden will not be sold, similar to other assets owned by the American manufacturer. This ...
GM, Dealers Reach New Agreement
9 Jun 2009, 06:47 UTC · By: Bogdan Popa / General Motors and the National Automobile Dealers Association reached a new agreement on Monday night over the franchise terms for the dealers the American manufacturer plans to keep in business af...
GM Sees Emerging India a Life-Saving Market
8 Jun 2009, 16:44 UTC · By: Bogdan Popa / Still fighting with bankruptcy and with the economic chaos in the United States and turning cost-cutting measures into a common thing, General Motors is now aiming its strategies at emerging markets...
GM Opens Most Advanced Battery Lab in the US
8 Jun 2009, 16:42 UTC · By: Bogdan Popa / Bankrupt automaker General Motors continues its battle for survival with new efforts aimed at the green car sector. The General today announced the opening of the “largest and most technologic...
NADA Asks GM Not to Release Dealer List
8 Jun 2009, 12:34 UTC · By: Daniel Patrascu / The National Automobile Dealers Association (NADA) has made an unexpected move late last week as it asked General Motors not to give the Congress the list of dealerships to be terminated, largely du...
GM Begins Cadillac Dealerships Hunt
8 Jun 2009, 12:32 UTC · By: Daniel Patrascu / The painful restructuring process GM has to go through during bankruptcy protection may prove to be even more destructive to its dealers, and that's no longer a secret. But the bulk of that pai...
GM Pays $2 Billion to Get Rid of Delphi
7 Jun 2009, 12:11 UTC · By: Bogdan Popa / After announcing the sale of one major European asset, Opel, and with the second one now on the roll, Saab, General Motors is now making another major step towards a successful restructuring campaig...
Confirmed: Penske Takes Over Saturn
5 Jun 2009, 14:58 UTC · By: Daniel Patrascu / As was to be expected since the early hours of the day, the official confirmation of Penske's takeover of Saturn came from GM. The catch phrase of the deal: save some 13,000 jobs from some 350 ...
GM Granted $70 Million Loan in Argentina
5 Jun 2009, 13:41 UTC · By: Bogdan Popa / Living under bankruptcy protection in the United States, General Motors continues restructuring all over the world, with governments asked to provide financial support as soon as possible. Argentina...
GM Back to Profitability by 2011?
5 Jun 2009, 13:40 UTC · By: Bogdan Popa / General Motors is said to get back to profitability as soon as 2011, the American manufacturer mentioned in court papers. Furthermore, Evercore Partners, the company's financial adviser expects...
Volkswagen Upset with Magna - Opel Deal
5 Jun 2009, 10:24 UTC · By: Bogdan Popa / It was only a matter of time until such a thing would happen: automakers started raising concerns over the Magna - Opel deal, claiming that the German automaker might be favored by its new owner - w...
Fiat to Submit a New Takeover Proposal for Opel
5 Jun 2009, 07:51 UTC · By: Bogdan Popa / Following reports that the German government might continue negotiations with some other parties over the Opel acquisition - despite that Magna has already sealed the deal - it might seem like Fiat ...
Saab Has Enough Money until Prince Charming Arrives
5 Jun 2009, 07:43 UTC · By: Bogdan Popa / Saab is getting more desperate with every day, as the company screams for help and waits for an outside investor that could keep it in business. But even so, a Saab spokesman said the Swedish automa...
Magna Takes GM's Russian Plants
5 Jun 2009, 07:27 UTC · By: Daniel Patrascu / Following the success in the Opel deal, Canadian company Magna and its Russian bank Sberbank partner will also take over the facilities operated by GM in Russia. The plants will be handed by GM over...
Penske Group Favorite to Take Over Saturn
5 Jun 2009, 06:49 UTC · By: Bogdan Popa / After General Motors managed to get rid of Opel, the American automaker is now preparing to sell the Saturn brand, with Detroit-based Penske Group now favorite to snatch it. Details are still sketch...
Sichuan Tengzhong Will Build Hummer in China
5 Jun 2009, 06:34 UTC · By: Daniel Patrascu / The effects of the prospected Hummer sale to Chinese Sichuan Tengzhong Heavy Industrial Machinery may be bigger than first anticipated. According to a report by Gasgoo, the Chinese company will not ...
Obama Assures the Govt Won't Get Involved in New GM
4 Jun 2009, 13:51 UTC · By: Bogdan Popa / After some other automakers have already expressed their concerns that the United States' stake in General Motors might allow the officials to help the automaker, President Barack Obama today s...
No More Jets for GM Execs
4 Jun 2009, 10:27 UTC · By: Daniel Patrascu / After last year GM execs went to Washington to ask for money to survive the troubled times ahead by taking private jets, the recently declared bankruptcy may put an end to the comfort of this t...
GM Forced to Disclose Dealerships Targeted for Closing
4 Jun 2009, 10:02 UTC · By: Bogdan Popa / Although General Motors initially planned to keep the names of dealerships to be rejected away from public eyes, the American automaker might be forced after all to reveal the list of closed stores....
Opel in Canadian Hands by September
4 Jun 2009, 09:38 UTC · By: Bogdan Popa / Now that the German government has agreed to seal the deal with Magna International, everybody's wondering when will the first signs of Canadian touch will be spotted on Opel's models. Wel...