General Motors is expected to identify more than $1 billion in savings from additional plant closings and factory work-rule changes when it files a viability plan with the U.S.
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General Motors is expected to identify more than $1 billion in savings from additional plant closings and factory work-rule changes when it files a viability plan with the U.S.
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As the 17 February deadline for the submission of viability plans to the US government looms large, GM is reportedly considering bankruptcy as an option as negotiations with the UAW and other creditors stall.
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The Society of Motor Manufacturers and Traders (SMMT) reiterated its call for a scrappage incentive scheme to boost the UK new vehicle market at a European seminar held in Brussels on Monday (16 February 2009).
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Hundreds of laid-off temporary workers rallied on Monday in Tokyo, urging companies to give them social protection as the government said the economy faced its worst crisis since World War II.
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The global auto industry slowdown slowed Hyundai Kia Automotive Group's exports to emerging markets last month.
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General Motors said today that it could take "unconventional and aggressive steps" to cut costs in Europe.
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Swiss manufacturer creates maddest concept yet
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German chancellor Angela Merkel has said the European Commission would critically examine the French government auto sector rescue plan.
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Angular four-door destined for US only - but previews next Passat
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Latest pictures reveal Porsche Panamera's stunning interior design.
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BMW enters a new niche with a stunning hatchback version of the 5-Series!
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With its raised suspension and toughened bodywork, the new A4 Allroad is just as happy on the rough stuff as it is on Tarmac.
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The European Commission expects more information from Spain on the country's funding package for the automotive sector before approving it, a spokesman said on Monday.
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Research firm RL Polk estimates that the current proposed US government incentive would increase US light vehicle sales by 94,000 units in 2009, providing consumers with an average rebate of US$330 for each new vehicle purchased.
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GM's new plant in St Petersburg has commenced series production of cars.
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The German government will definitely give General Motors unit Adam Opel a requested financial guarantee but may be waiting US decisions on the parent company, a top Opel manager has said.
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Chery Automobile plans to grow car sales by nearly 20% in 2009 with help mainly from government support to bolster demand amid a slowing economy.
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Russia's Ulyanovsk Automobile Plant, or UAZ, has resumed production after a lengthy suspension that coincided with Russian national holidays.
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