22 Feb 2009, 09:36 UTC · By: Bogdan Popa / GM Canada today announced that it submitted the viability plan to the Canadian and Ontario Governments, with the United States-based automaker expressing its confidence that together with the state ...
20 Feb 2009, 16:43 UTC · By: Bogdan Popa / As part of a broader campaign to finance a 3.3 billion euro ($4.15 billion) liquidity gap through 2011, Opel today said it needs approximately 2.6 billion euros from the German government. The rema...
20 Feb 2009, 10:01 UTC · By: Bogdan Popa / General Motors has just announced that its Swedish brand Saab will file for reorganization under a Swedish court process in order to become an independent company suitable for investment. In essence...
20 Feb 2009, 08:24 UTC · By: Bogdan Popa / As part of the broader attempt to return to profitability in two years, General Motors started a massive cost-cutting plan, including closing, discontinuing or selling some of the brands it owns in ...
19 Feb 2009, 16:36 UTC · By: Bogdan Popa / As Chevrolet Volt is expected to be one of the more advanced electric vehicles ever designed, General Motors aims to take full advantage of this aspect and plans to design two more cars based on thi...
19 Feb 2009, 13:51 UTC · By: Bogdan Popa / American automaker General Motors does not plan to close German production facilities owned by Opel and expects to see most of its European operations returning to profitability by 2011.
Juergen...
19 Feb 2009, 08:51 UTC · By: Bogdan Popa / Following General Motors' statement that Saab may file for bankruptcy by the end of the month, Swedish officials expressed their disappointment regarding the parent company’s plans, point...
19 Feb 2009, 08:01 UTC · By: Bogdan Popa / As part of a broader attempt to prove the company’s viability and to concentrate on operations that could bring it back to profitability in the next few years, General Motors yesterday announc...
18 Feb 2009, 08:05 UTC · By: Daniel Patrascu / As we reported throughout the past few weeks, both GM and Chrysler were due yesterday to submit their survival plans as they are looking for additional financial aid to get through the economic cris...
17 Feb 2009, 14:10 UTC · By: Bogdan Popa / Following media reports that Sichuan Auto plans to purchase GM's Hummer division, representatives of the Chinese firm denied speculations saying the company has absolutely no interest in buying...
17 Feb 2009, 08:08 UTC · By: Bogdan Popa / Following yesterday's announcement that the American automaker may close the doors of about 3 production facilities in the near future, General Motors today said the restructuring plan might co...
16 Feb 2009, 11:32 UTC · By: Daniel Patrascu / The rush for cash the American company is involved in could result in the closing of three or more plants in Europe. The measure could be taken as part of the company's goal to reach 1.6 billio...
15 Feb 2009, 18:15 UTC · By: Tudor Raiciu / With the sales forecasts out of way, the auto industry is slowly coming back to life. Some credit for this should go to the 2009 Chicago Auto Show and the 2009 Geneva Auto Show, as most new launches...
13 Feb 2009, 15:31 UTC · By: Bogdan Popa / The upcoming Geneva Motor Show will host an impressive number of new models, with several companies, including Mitsubishi, Fiat, Nissan and Cadillac already confirming their goodies for the show. GM...
13 Feb 2009, 08:29 UTC · By: Daniel Patrascu / Sewon America, the LaGrange, Georgia based major parts supplier for Kia Motors, is doing something not very often seen these days in the American automotive industry. The company is accepting applic...
12 Feb 2009, 15:31 UTC · By: Bogdan Popa / With the recession still making victims among global automakers, more and more companies decide to ask for support from their local governments, explaining that financial aid is absolutely mandatory...
12 Feb 2009, 08:29 UTC · By: Bogdan Popa / General Motors has just announced that the Geneva Motor Show will witness the European debut of the new Cadillac SRX, the official launch of Cadillac CTS Sport Wagon as well as the introduction of s...
11 Feb 2009, 08:32 UTC · By: Daniel Patrascu / As we reported these past few weeks, especially in the last days, Nissan has got itself in a big pile of... trouble. Having a bleak $2 billion loss forecast, Nissan sees itself in the position of ha...
10 Feb 2009, 15:18 UTC · By: Bogdan Popa / General Motors today announced that it decided to reduce salaried employment globally by 10,000 workers to 63,000 by the end of the year as part of the company's plans to cut costs and countera...
10 Feb 2009, 11:05 UTC · By: Daniel Patrascu / As we reported yesterday, GM's Vice Chairman-Global Products Development will step down in April and take a more passive role in the company until his retirement at the end of 2009. Bob Lutz de...