With Opel lost to Magna, there is speculation Fiat will eye PSA/Peugeot-Citroen but a deal would be full of complications, according to analysts.
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A US bankruptcy court judge has approved the sale of substantially all of Chrysler's assets to a group led by Fiat hours before an expected bankruptcy filing by General Motors.
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Time is up as General Motors files for Chapter 11 bankruptcy
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Time is up for General Motors as it gets ready to file for Chapter 11 bankruptcy
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General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership.
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General Motors could file for bankruptcy at the US Bankruptcy Court in the Southern District of New York as early as 8am EST (1pm UK time) today (1 June), media reports said.
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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel.
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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel.
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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations.
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Robert Bosch's navigation system for the new fifth-generation Volkswagen Polo has an automatic zoom that adjusts to driving conditions.
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A U.S. bankruptcy judge on Sunday approved the sale of most of Chrysler LLC's assets to a group led by Italy's Fiat S.p.A. The OK came hours before an expected bankruptcy filing by General Motors.
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German partsmakers handled last year's steep market decline better than their rivals on this year's Automotive News Europe ranking of the top 100 global suppliers.
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Magna International Chairman Frank Stronach, who left Europe a virtually penniless toolmaker more than 50 years ago, is returning to fashion an automaking dynasty after clinching a deal for Germany's Opel.
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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations.
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Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.
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General Motors' bankruptcy filing today, plus a massive U.S. Treasury debt issuance this year, will drive up the cost of capital at least in the short term, threatening the incipient economy recovery, managers say.
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The Obama Administration took General Motors into Chapter 11 bankruptcy today and moved quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy today and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday.
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