Russia's Sberbank and GAZ Group are joining Magna in talks to buy a controlling stake in General Motors' Opel unit, Russian media reported on Tuesday.
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Magna International has confirmed it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit but stressed there was no assurance that any transaction would result from the talks.
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General Motors' sales in China rose 50% year on year last month.
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Global Vehicles U.S.A. Inc., a fledgling importer of Indian-made vehicles to the United States, hired a former General Motors marketing manager to steer sales.
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Global Vehicles U.S.A. Inc. has hired former General Motors marketing manager Larry Daniel as its senior vice president for sales and marketing, the company said Monday.
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April saw a collapse in the New Zealand new vehicle market of even greater magnitude than what has been experienced in major overseas markets, a trade group said.
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'Is it gloomy in here?' joked a speaker at last week's JD Power Automotive Forecasting Conference. She was partly referring to the overenthusiastic use of the dimmer switch at the posh London hotel that served as venue. But the question could also have applied to the mood in the hall. Dave Leggett was there and this is the first instalment of a three-part report.
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Ultra-efficient city car takes firm into new territory – and could be the true spiritual successor to the Mini!
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Vauxhall weaves magic on electric city car, but powerplant alone will cost up to £8,000!
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End in sight for US marque
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2011 Renaultsport Clio revealed, new Vauxhall Trixx, Nissan's MX-5 rival, Focus RS wildest ever test
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today.
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Race team owner and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation.
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Penske Automotive Group Inc., which is considering a bid for General Motors' Saturn brand, reported today that net income plunged by 50 percent in the first quarter as industry sales rates hit 30-year lows.
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GMAC LLC today reported a first-quarter loss that was 15 percent larger than a year earlier, reflecting an increase in soured loans as the economy weakens.
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Nissan is overhauling its British retailing operation by offering dealers specialist high-performance, 4x4 (SUV), plus combined fleet and van franchises in a new strategy outlined to the network at a recent dealer conference.
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There were conflicting reports today about Saab's future under a proposed Chrysler-Fiat-GM Europe alliance.
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