TURIN, Italy, May 15 (Reuters) - Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday.
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready.
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready.
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Fiat S.p.A, Magna International and private equity firm RHJ have had access to the books of General Motors German unit Opel, two people familiar with the situation told Reuters on Friday.
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The president of the Canadian Auto Workers said today the union cannot possibly meet General Motors' expectations for union concessions, but that the two sides would continue bargaining.
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In today's News Brake: The Nissan GT-R takes another bite out of Nürburgring; there's talk of a revived Auto Union; and Mini celebrates its anniversary with a groovy car ... But Wait, There's More!
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010.
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010.
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. In letters delivered Friday, GM said dealers can appeal.
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. In letters delivered Friday, GM said dealers can appeal.
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UK-based car distributor Inchcape has reported a 22% like for like year-on-year reduction in revenue for the first quarter of this year, but was helped on its bottom line by the continued impact of weak sterling.
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The scrappage incentive scheme announced in last month's UK Budget will begin on Monday (18 May), offering owners of cars and small vans over 10 years old GBP2,000 (about US$3,000) off the price of a new vehicle when scrapping their existing model.
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Russia's Sberbank is studying an offer to take part in a bidding process for German carmaker Opel, the bank's CEO said on Friday.
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Russia's Sberbank is studying an offer to take part in a bidding process for German carmaker Opel, the bank's CEO said on Friday.
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General Motors on Friday (15 May) confirmed it would reduce its dealer network from 5,969 now to about 3,600 by the end of 2010, as noted in its recent S-4 filing and updated viability plan, but insisted no outlets would be sacked today.
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Chrysler LLC plans to transfer at least 92 percent of its supplier contracts to the new company to emerge from bankruptcy and pay them a total of more than $875 million, according to documents released today.
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Chrysler LLC plans to transfer at least 92 percent of its supplier contracts to the new company to emerge from bankruptcy in an alliance with Fiat S.p.A. and pay them a total of more than $875 million, according to documents released today.
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The European association - Euroda - of some 4,000 Opel/Vauxhall dealers has approved a proposal that they offer to invest in a future Opel/Vauxhall corporation
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Now that Chrysler's Chapter 11 restructuring process is well in hand, though hardly without further pain, beady eyes are now sharply focused on General Motors which has roughly two weeks to make a pact with bondholders and the United Auto Workers union or follow its smaller US rival into the hands of bankruptcy court.
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