General Motors, facing growing speculation about its upcoming restructuring plans, said today that CEO Fritz Henderson will provide an update on the company's actions tomorrow.
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The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
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In today's News Brake: The latest on Ron Dennis and McLaren; GM's brand shuffle; and the Race of Champions moves again...But Wait, There's More!
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A unit of Ford Motor Co. and supplier Flex-N-Gate Corp. have terminated the proposed purchase of a plastics parts operation in Milan, Mich.
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Saturn, Pontiac and GMC could soon no longer be in the General Motors brand corral, according to US media reports.
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IzhAvto's financial crisis appears to be deepening, according to Russian media reports.
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OUR TAKE: Nice to see GM took two of the thousand hybrid labels off the truck, removing the huge lettering from the bottom of the doors. Makes the truck look much better.
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General Motors' Opel/Vauxhall unit could continue functioning even if its U.S. parent files for Chapter 11 bankruptcy protection, an Opel spokesman said on Thursday. "GM Europe has its own pool of liquidity," the spokesman said.
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Just 200,000-240,000 new cars will be sold in Ukraine this year according to the local importers' association.
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Delphi faces a deadline tomorrow (17 April) to deliver a term sheet outlining the future of its continued support from General Motors, which spun it off 10 years ago ago but still has ties to the company.
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Mitsubishi Motors is to cut the number of production days at its main Japanese car factory by one day in May compared with April.
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Malaysian prime minister Datuk Seri Najib Razak has said that Proton needs to continue to search for a strategic partner.
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Auto supplier Visteon Corp. has agreed to provide severance pay to former employees of its United Kingdom facilities in a proposal aimed at ending a dispute that has seen workers staging sit in strikes and picketing Ford Motor Co.
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Renault's Revoz plant in Slovenia has now resumed operations after disruption caused by industrial action at a French supplier.
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An insolvency at General Motors Europe unit Adam Opel would not lead to a dramatic surge of bankruptcies among car part producers, Oliver Weirauch of the Droege consultancy told a finance daily.
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The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
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The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
Full story...
The UK's Retail Motor Industry Federation (RMIF) has welcomed government backing for electric cars announced today (16 April) but said the industry still needs a scrappage scheme to boost new cars sales in the economic downturn.
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The European unit of General Motors could still pay salaries and continue functioning even if its stricken U.S. parent files for Chapter 11 bankruptcy protection, a spokesman for Opel said today.
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Noble International and some of its US subsidiaries yesterday (15 April) filed for Chapter 11 bankruptcy protection, as a result of declining sales volumes and a frozen credit market. Noble's European, Asian and Mexican affiliates were not included in the filing.
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