Opel's New Management Team to Be Unveiled Next Week
14 Dec 2009, 09:02 UTC · By: Bogdan Popa / Opel's saga continues with a new rumor, this time concerning the new management team that is meant to push the company towards a successful future in the auto sector. It is now believed that Op...
Opel Viability Plan Delayed to January
11 Dec 2009, 08:25 UTC · By: Bogdan Popa / Nick Reilly, currently in charge of Opel and Vauxhall, revealed that Opel's viability plan might be delayed until January, despite the fact that he initially gave assurances the plan will go pu...
GM Interim CEO Visits Flint Assembly Plant
11 Dec 2009, 07:52 UTC · By: Bogdan Popa / Edward Whitacre, chairman and interim CEO of General Motors, visited the Flint Assembly plant and talked to local employees on the future on the company but even so, he refused to provide too many d...
James Campbell Named Chevrolet General Manager
10 Dec 2009, 07:32 UTC · By: Daniel Patrascu / The management shake-up within GM's ranks continues with the appointment of James Campbell, former head of GM's Fleet and Commercial Operations, in the position of general manager for Chev...
The Painful Conclusion: US to Lose $30Bn on Auto Bailout
9 Dec 2009, 10:09 UTC · By: Daniel Patrascu / The crazy year for the automotive sector will take its toll on US' finances, as the Obama administration is getting ready to admit to Congress a partial defeat and the lose of no less than $30 ...
Dealer Arbitration Approved
9 Dec 2009, 09:59 UTC · By: Daniel Patrascu / A piece of legislation allowing dealers affected by closure this year to appeal their terminations was presented yesterday in the US. The arbitration will be funded through a $447 billion year-end s...
GM Confirms Saab Negotiations with Interested Parties
9 Dec 2009, 09:41 UTC · By: Bogdan Popa / Soon after Koenigsegg walked away from the Saab deal, everybody believed that this is the end of GM's Swedish unit, as no other investor was interested, at that time, in buying the company. How...
GM Close to Finding New CFO, Says Whitacre
9 Dec 2009, 09:23 UTC · By: Bogdan Popa / General Motors' new CEO Edward Whitacre said in a webchat that the company has narrowed down the search for a new CFO to a few persons but he already has a real good candidate for this particul...
Saab Hopes to Dodge BAIC Sale
8 Dec 2009, 15:00 UTC · By: Daniel Patrascu / The noose is tightening around Saab's neck, as more and more fervent reports hint its current owner, GM, is in advanced talks with China's largest manufacturer, BAIC, for the sale of certa...
GM Hires Spencer Stuart to Find New CEO
8 Dec 2009, 09:06 UTC · By: Bogdan Popa / General Motors recently hired recruiting company Spencer Stuart to search for a new CEO, after Fritz Henderson, who was in charge for about eight months, left the US-based giant for a still unknown ...
GM Invests $336M for Chevrolet Volt Production
8 Dec 2009, 07:32 UTC · By: Bogdan Popa / General Motors has just announced a new investment in the Michigan area to support Chevrolet Volt's production that it projected to begin in 2010. The $336 million investment in the Detroit-Ham...
Geely Considering Saab Bid
7 Dec 2009, 13:22 UTC · By: Bogdan Popa / Geely has already been named Ford's preferred bidder for Volvo but the Chinese company is far from ending its European expansion. According to the recent rumors surrounding GM's Swedish un...
GM Expects Germany to Provide Support
7 Dec 2009, 09:58 UTC · By: Bogdan Popa / General Motors is still holding talks with involved governments and, even if more and more rumors are claiming that Germany does not intend to provide money to the US-based manufacturer, the company...
Opel CEO Confirms: Mini Car in the Works
7 Dec 2009, 09:33 UTC · By: Bogdan Popa / German brand Opel, currently awaiting GM's restructuring plan, plans to develop a mini car that would better comply with the current market's demands, interim CEO Nick Reilly said in a sta...
Tiger Woods' Crashed Escalade, Registered to GM
7 Dec 2009, 08:31 UTC · By: Daniel Patrascu / The minor, yet so prime-time worthy crash in which golf champion Tiger Woods was involved in the end of November still has some unanswered questions. Although nothing really spectacular happened to ...
Dealers Skeptical about Review Talks
7 Dec 2009, 08:04 UTC · By: Daniel Patrascu / After late last week both GM and Chrysler announced the end of settlement talks with their terminated dealers, those finding themselves in this situation now fear that the so-called review process i...
GM Europe Needs 3.3bn EUR
6 Dec 2009, 17:05 UTC · By: Alexandru Radu Chis / Following Saturday’s Conference Call with GM Europe President Nick Reilly, assurances were made that GM won’t cut more or fewer jobs in Germany, regardless of how the German government w...
GM to Reduce Opel Job Cuts
5 Dec 2009, 11:00 UTC · By: Bogdan Popa / General Motors agreed to save another 550 jobs at the Opel engineering center in Germany, a move that further reduces the final amount of job cuts prepared for the German manufacturer as part of res...
Spyker Confirms Interest in Saab
4 Dec 2009, 17:14 UTC · By: Daniel Patrascu / Following the rumors which surfaced yesterday and which claimed that Dutch sports car maker Spyker is eyeing a possible bid for Swedish car maker Saab, the Dutch have confirmed the story in a brief ...
GM Official Management Changes
4 Dec 2009, 14:52 UTC · By: Daniel Patrascu / After a full day of rumors and hints, American manufacturer GM and its chairman/CEO, Ed Whitacre, announced the management changes GM will see as a result of Fritz Henderson's departure earlier...