British business secretary Peter Mandelson wants to talk soon with General Motors after the automaker scrapped plans to sell its European Opel unit, including its British Vauxhall plants.
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General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International.
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Hurst, the legendary company synonymous with Olds 442s, performance shifters and all things muscle cars, has turned its attention to modern iterations of pony cars.
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French Canadian supercar dreamer Luc Chartrand started working on the Plethore (French for "plethora" or "abundance") LC-750 about 11 years ago. He designed, engineered and built it all himself.
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Bankrupt US giant cancels sale to Magna because European arm is too important
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US giant cancels sale to Magna because European arm is too important
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It would be fair to say that Germany is not best pleased this morning over GM's decision last night not to sell Opel to a Magna-led consortium and, instead, retain and restructure the European unit.
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British Business Secretary Peter Mandelson said on Wednesday he wanted talks soon with General Motors Co. after the U.S. automaker scrapped plans to sell its European Opel unit, which includes British sister brand Vauxhall and its UK plants.
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British Business Secretary Peter Mandelson said on Wednesday he wanted talks soon with General Motors Co. after the U.S. automaker scrapped plans to sell its European Opel unit, which includes British sister brand Vauxhall and its UK plants.
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In a surprise decision announced last night, General Motors' board has reversed course and decided to retain and restructure Opel.
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Nissan Motor Co., Japan's third-largest automaker, revised its annual outlook to a profit from a loss today as soaring sales in China helped drive quarterly earnings beyond the market's expectations.
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Nissan Motor Co., Japan's third-largest automaker, revised its annual outlook to a profit from a loss today as soaring sales in China helped drive quarterly earnings beyond the market's expectations.
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GM will return the money it was loaned by Germany to help Opel, German Economy Minister Rainer Bruederle said today after the U.S. carmaker decided to keep its European unit.
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GM will return the money it was loaned by Germany to help Opel, German Economy Minister Rainer Bruederle said on Wednesday after the U.S. carmaker decided to keep its European unit.
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Toyota Motor Corp. said on Wednesday it will pull out of Formula One racing. Toyota, the world's largest carmaker, was the last Japanese team left in the sport following Honda Motor Co.'
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General Motors Co.'s Opel unit put the best face on its parent's decision to reverse course and keep its European arm rather than sell it to a group led by Magna International Inc..
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General Motors Co.'s Opel unit put the best face on its parent's decision to reverse course and keep its European arm rather than sell it to a group led by Magna International Inc..
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Hayes Lemmerz International Inc., a century-old maker of aluminum and steel wheels for cars and trucks, said it won approval of its bankruptcy reorganization plan on Tuesday, and expects to emerge from Chapter 11 this year.
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Bitterness, anger and disbelief mixed with betrayal and even resignation are just some of the emotions boiling within Germany following Tuesday's news that General Motors Co. will scrap its sale of Opel.
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Bitterness, anger and disbelief mixed with betrayal and even resignation are just some of the emotions boiling within Germany following Tuesday's news that General Motors Co. will scrap its sale of Opel.
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