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 for General Motors as it gets ready to file for Chapter 11 bankruptcy
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Time is up as General Motors files for Chapter 11 bankruptcy
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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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General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership.
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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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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations.
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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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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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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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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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Renault's former European sales boss, Marie-Christine Caubet, will lead Volkswagen's French operations.
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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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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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General Motors and the U.S. government finalized plans Sunday for the company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker.
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Suppliers with outstanding receivables not covered by last Thursday's $2 billion early payment by General Motors are likely to be paid even after the automaker files for bankruptcy.
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Fiat S.p.A could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications.
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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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