Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
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Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
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Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
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Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
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A judge ordered bankrupt auto-parts supplier Delphi Corp. to mediate with former parent General Motors , lenders and the U.S. government's auto task force to resolve its lingering reorganization.
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Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary.
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Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus.
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Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
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Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
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Fiat S.p.A. is convinced it has more than a 50 percent chance of succeeding in its bid for General Motors' Opel because it doesn't think the other contenders have the expertise to revive the German automaker, an Italian newspaper said.
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Recent talks with potential suitors have left the Swedish government in a positive mood regarding the future for the country's automaker Saab.
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Struggling East European automaker IzhAvto has plans to axe 2,407 jobs, a local press reports has said.
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Mitsubishi offers mid-powered Evo X with advanced SST twin-clutch gearbox for the first time
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Former executives of Chrysler LLC have been told that they have to either return or buy back their company cars as part of the requirements of the company's bankruptcy proceedings.
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Fiat chief executive Sergio Marchionne has expressed confidence in Fiat's efforts to acquire the German automotive producer Opel.
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An emergency rescue plan has been prepared by labour unions in order to save Opel should none of the three contenders currently bidding for the GM subsidiary succeed, a local paper has said.
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China's largest automaker may increase its vehicle sales targets by 50%, a senior executive has said, if the market continues to recover.
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Chrysler has said that C. Robert Kidder, the former chairman of Borden Chemical and Duracell International, will become chairman of Chrysler Group once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA.
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