Advisers to General Motors bondholders representing $27 billion in the automaker's debt urged investors today to support a debt swap negotiated over the past week with the Obama administration.
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General Motors plans to start telling more dealerships that they will be terminated when their franchise agreements expire in 17 months.
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General Motors plans to start telling more dealerships that they will be terminated when their franchise agreements expire in 17 months.
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If General Motors wants to stay at Detroit's Renaissance Center, it'll have a powerful new tax incentive to work with.
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May 29 (Reuters) -- Austrian-Canadian car parts group Magna International has reached a preliminary deal with General Motors to invest in its German unit Opel, sources close to the negotiations told Reuters on Friday.
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If General Motors wants to stay at Detroit's Renaissance Center, it'll have a powerful new tax incentive to work with.
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A delegation from Nissan Motors' Japanese headquarters led by executive vice-president Colin Dodge and including senior VP Gilles Normand, corporate VP Andy Palmer and at least five other top ranking officials, is expected to visit the company's new manufacturing facility in Chennai next week.
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Here are comments made by Magna co-Chief Executive Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Here are key elements of the deal that will have Magna International save GM's Opel:
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Here are key developments in the deal that will have Magna International save GM's Opel:
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Here are comments made by Magna co-CEO Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Here are comments made by Magna co-Chief Executive Siegfried Wolf to reporters in Berlin last week about his plans for Opel:
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Ford may be forced to provide the majority, if not all, of the financing Visteon will need to reorganise and exit bankruptcy protection, industry analysts have said.
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Tata Motors on Friday said its fiscal year net profit dropped by more than half as the global slowdown cut demand for trucks and cars.
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Canadian component manufacturer looks to have nosed ahead of Fiat in the race to own Opel and Vauxhall

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Fiat S.p.A. CEO Sergio Marchionne said today that his main focus right now is on Chrysler, shrugging off reports that General Motors and Canadian auto parts group Magna International Inc.
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HEAD-TO-HEAD: We team up with Sir Stirling Moss to rate the stunning new SLR McLaren which bears his name against his Fifties Mercedes 300 SLR..
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Germany has reached a landmark deal with Magna, General Motors and governments to save Opel from the imminent bankruptcy of its US parent, German leaders said on Saturday.
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General Motors and Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations told Reuters on Friday afternoon.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up