German Interior Minister: Insolvency Could Be Opel's Only Hope
6 Mar 2009, 10:50 UTC · By: Bogdan Popa / German Interior Minister Wolfgang Schaeuble said in a interview for the Handelsblatt business daily that insolvency may prove to be Opel's only chance to remain in business and, even if most pe...
White House Strives to Revamp Auto Sector
6 Mar 2009, 09:23 UTC · By: Bogdan Popa / With General Motors warning that it's possible to file for bankruptcy even with financial support sourced from the US government, White House officials today said Obama's administration is...
GM May Not Survive Outside Chapter 11
6 Mar 2009, 08:07 UTC · By: Daniel Patrascu / General Motor's auditors raised "substantial doubt" about the company's ability to continue its operations in the annual report filled with the US Securities and Exchange Commiss...
Schwarzenegger Takes a Walk at Geneva Motor Show
5 Mar 2009, 15:25 UTC · By: Madalina Iancu / In the past, Arnold Schwarzenegger was a devoted fan of GM's Hummers but now it seems the California Governor is interested in other vehicles as well. As a matter of fact, he wants to ...
German Govt. Unsatisfied with Opel's Survival Plan
5 Mar 2009, 14:09 UTC · By: Bogdan Popa / Representatives of the German government said the company can't make a decision whether to direct the requested funds to Opel as the rescue proposal is "inadequate", Autonews informed...
GM Needs Money From All Over Europe
4 Mar 2009, 18:53 UTC · By: Daniel Patrascu / If you first don't succeed, try again, the saying goes. It is what GM is doing in order to raise the much needed $4.2 billion. The company is now talking to Spain, Britain and several other co...
GM Europe's Bankruptcy Would Mean 300,000 Lost Jobs
4 Mar 2009, 11:56 UTC · By: Daniel Patrascu / GM Europe's failure to save itself from a possible bankruptcy would mean the loss of 300,000 jobs on the continent, affecting the people working in manufacturing plants, suppliers and dealers, ...
Opel Nears Collapse, Needs Immediate Aid
2 Mar 2009, 17:05 UTC · By: Daniel Patrascu / General Motors' European subsidiary Opel is sinking ever deeper into the financial turmoil that shakes the automotive industry. The company has now reached the point when it says that without i...
Holden VE Omega Sportwagon Achieves 5-Star Safety Rating
2 Mar 2009, 07:56 UTC · By: Bogdan Popa / GM's Australian division Holden proudly announced today that VE Omega Sportwagon is the first locally-built wagon that achieves the maximum safety rating from the Australasian New Car Assessmen...
Cadillac SRX Comes to the 2009 Geneva Auto Show
27 Feb 2009, 17:40 UTC · By: Daniel Patrascu / GM seems to look at 2009 as the only way it can get back on the saddle. In many respects, this might very well be true. GM has been struggling for months now to keep its business afloat and one of t...
Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
27 Feb 2009, 16:18 UTC · By: Bogdan Popa / General Motors Europe and Opel submitted their viability plan to the German government, emphasizing the need for state support to finance a liquidity gap through the end of 2011. Curiously enough, G...
Holden Volt Revealed in Australia
27 Feb 2009, 10:32 UTC · By: Bogdan Popa / General Motors has just unveiled the Holden Volt, a rebadged version of Chevrolet Volt but exclusively addressed to the Australian market. Just as expected, the "new" Holden Volt is regard...
Holden Cruze Debuts in Melbourne
27 Feb 2009, 10:00 UTC · By: Daniel Patrascu / The new Holden Cruze debuted today at the Melbourne International Motor Show, bringing a new competitor on the small car segment of the Australian market, the "largest growing segment" in ...
GM Reports Net Loss of $16.8bn in 2008
26 Feb 2009, 14:33 UTC · By: Bogdan Popa / General Motors today published the fourth quarter and calendar year 2008 financial results, unveiling a net loss, excluding special items, of $16.8 billion compared to only $279 million the year bef...
GM: Hybrid Pickups to Boast Up to 50 Percent Better Towing
26 Feb 2009, 09:18 UTC · By: Bogdan Popa / Hybrid pickup trucks have become a priority for General Motors since the economic crisis reached its apogee so the American automaker struggles to design new technologies that could bring it in pole...
Saab Stops Production Because of Customs Issues
26 Feb 2009, 08:26 UTC · By: Daniel Patrascu / Saab's sad story continues, as the company finds it more and more difficult with mother company GM's decision to let it go. The company finds itself alone in the dark, as their own governm...
GM and Chrysler Plan Limited Advertising
25 Feb 2009, 14:20 UTC · By: Madalina Iancu / GM and Chrysler have already announced at the beginning of this year that they were drastically cutting their marketing budgets and that they were trying to sell cars without too much advertising. ...
GM Scraps New Volt Engine Plant
25 Feb 2009, 13:09 UTC · By: Daniel Patrascu / General Motors has decided not to build an entire new plant to make engines for the Chevrolet Volt and Chevrolet Cruze and preferred to refit the existing Flint South Engine plant in Michigan instea...
Swedish Government Ready to Give Volvo Guarantee Loan
24 Feb 2009, 16:18 UTC · By: Madalina Iancu / After the stormy financial crisis struck the Swedish automaker and Ford threatened it was searching for someone to buy it, Volvo is finally seeing a ray of hope. According to Autonews, Sweden...
GM Europe Employees to Protest Against Restructuring Plans
24 Feb 2009, 15:30 UTC · By: Madalina Iancu / Seeing that they are on the verge of losing their jobs, employees of General Motors' European brands have decided to protest against the car maker's plans of cutting costs. According to...