Troubled by Pontiac's Axing Holden Eyes US Police Force
29 Apr 2009, 08:57 UTC · By: Tudor Raiciu / With General Motors phasing out Pontiac, the Australians from Holden forgot for a moment about the shrimp on the barbie and realized that they were in deep... misfortune. As strange as it might soun...
GM Exchange Offers Get Approval in Europe
29 Apr 2009, 08:45 UTC · By: Daniel Patrascu / The public exchange offers made by General Motors, which have stirred numerous complaints from its bondholders have been approved in Europe, as the United Kingdom Listing Authority has given the gre...
GM's Bankruptcy, Attorneys' Heaven
29 Apr 2009, 07:17 UTC · By: Daniel Patrascu / How do you call a bunch of dead lawyers on the bottom of the ocean? A good start...Ok, that's perhaps one of the worst lawyer jokes out there. But it's about what the American taxpayers wi...
GM Bondholders Cry Foul Play
28 Apr 2009, 15:43 UTC · By: Daniel Patrascu / As we told you earlier today, GM has posted yesterday its public exchange offer for $27 billion of its unsecured public notes. As was to be expected, the bondholders came together in an ad-hoc commi...
GM Confirms It Expects Chapter 11
28 Apr 2009, 13:37 UTC · By: Daniel Patrascu / Alongside with the new survival plan submitted by the American manufacturer yesterday, GM has also launched its "public exchange offers for $27 billion of its unsecured public notes". As p...
Germany Eyes Magna for Opel Investment
28 Apr 2009, 12:20 UTC · By: Daniel Patrascu / The German Economy Minister Karl-Theodor zu Guttenberg is meeting today representatives of Magna to discuss a possible investment of the company in GM's Opel. This comes as a result of a possib...
General Motors Speeds Up Saturn Shutdown
28 Apr 2009, 10:42 UTC · By: Bogdan Popa / Even if the future of the company is yet to be decided, General Motors is now speeding up efforts to build the last models under the Saturn brand in a broader attempt to shed the asset by the end of...
Autoevolution Poll Shares Apocalyptic Vision: GM Will Go Bankrupt
28 Apr 2009, 09:34 UTC · By: Tudor Raiciu / Things are not looking good for the once sales leader in the automotive world and our readers seem to think the same. Following the numerous reports last week concerning General Motors and the bleak...
GM Plans New Toyota Joint Product to Replace Pontiac Vibe
28 Apr 2009, 09:23 UTC · By: Bogdan Popa / Since Pontiac's future has already been decided, General Motors started seeking solutions to ensure a smooth production end for all models previously marketed under this particular brand. B...
GM Makes Tough Labor and Production Cuts
27 Apr 2009, 14:07 UTC · By: Daniel Patrascu / Apart from the drastic, yet somewhat to be expected measures taken by GM in regard to its brands and future business plans, the American manufacturer has also outlined the measures it will take to s...
Confirmed: Pontiac is Dead, GM Drafts New Survival Plan
27 Apr 2009, 13:54 UTC · By: Daniel Patrascu / Following weeks of rumor-denial-rumor regarding the future of its brads, dealerships and even personnel, GM finally made public their survival plan for 2009. Simply put, under the "GM Accelerat...
GM Maintains Suspense, Still No Decision on Pontiac Axing
27 Apr 2009, 08:48 UTC · By: Bogdan Popa / Pontiac's fate is still undecided, American car giant General Motors said today, denying all media reports claiming that company plans to kill this particular unit and keep GMC as part of a bro...
US Treasury Gives GM $2 Billion
27 Apr 2009, 08:18 UTC · By: Bogdan Popa / The United States Treasury department agreed to direct up to $2 billion in state loans to General Motors, the American car manufacturer who is likely to get up to $5 billion in government funds, acc...
GM Cuts 20% of Its Marketing Staff
26 Apr 2009, 17:13 UTC · By: Daniel Patrascu / After US automakers GM and Chrysler announced at the beginning of this year their intention to cut off a significant percent of the marketing budget, the two companies finally got to this part of th...
GM Confirms It Will Idle 13 Plants
24 Apr 2009, 08:46 UTC · By: Daniel Patrascu / Following yesterday's reports that GM's American plants will be closed down this summer, in order to cut costs and reduce car inventory, the official confirmation came yesterday, as the ma...
Pontiac's Final Days
24 Apr 2009, 08:41 UTC · By: Daniel Patrascu / The cat and mouse game between media/inside sources on one hand and GM officials on the other continued today with the favorite topic these past two weeks: the fate of GM's brand. Today, Pontia...
GM's Hamtramck Plant to Take 6 Weeks Break
23 Apr 2009, 18:00 UTC · By: Daniel Patrascu / As we told you earlier today, sources with a closer insight on GM’s future plans claimed that the American manufacturer is planning the closure of most of its US based plants sometimes this su...
Fiat Submits Bid for Opel
23 Apr 2009, 15:44 UTC · By: Daniel Patrascu / With a swift blow to Chrysler's groin, Fiat has submitted an offer to take over Opel, one of GM's brands. Or at least this is what recent reports claim, backed by Klaus Franz's, chair...
Rumor: GM to Temporarily Close Most US Plants
23 Apr 2009, 07:23 UTC · By: Daniel Patrascu / It appears GM is in for a very long summer, as sources familiar with the survival plan being drafted by the American manufacturer claim most its factories in the US will be closed for a period of up...
GM Denies Buick Selling Rumors, Expects Stronger China Sales
22 Apr 2009, 14:48 UTC · By: Bogdan Popa / General Motors' Asia-Pacific chief, Nick Reilly yesterday denied rumors claiming that the American car giant is interested in selling the Buick unit to SAIC, confirming that this particular bra...