Citing poor sales, General Motors will limit Chevrolet Malibu Hybrid sales to fleets while it completes development of a two-mode hybrid system that offers better fuel economy.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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The Swedish government on Thursday authorized its debt office to begin talks with Saab, which is being sold by bankrupt U.S. automaker General Motors, on state loan guarantees.
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Mazda Motor Corp. sees an opportunity to cherry-pick prime retail locations from the ranks of dealers cut loose by Chrysler LLC and General Motors. Executive Vice President Philip Spender said Mazda has been approached by numerous U.S.
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General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said.
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General Motors' Saab brand, which has been operating under protection from creditors since February, may announce its preferred bidder this week.
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General Motors' Saab brand, which has been operating under protection from creditors since February, could announce its preferred bidder this week, Bloomberg News reported today.
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While General Motors has axed its hybrid version of the Chevy Malibu for the 2010 model year, Toyota hopes to sell about 25,000 of its new Prius-based hybrid-only Lexus HS250 model in the United States in its first year.
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General Motors has axed the slow-selling hybrid-electric version of its Chevrolet Malibu sedan for the 2010 model year and is unlikely to resume production for retail buyers.
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No specific timetable exists for the government to relinquish stakes in General Motors and Chrysler, a top US official has said.
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The Obama administration hopes the new General Motors will have an initial public offering next year but has no "blueprint" for extricating itself from its ownership stake in the company, auto task force member Ron Bloom told Congress today.
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Japanese electronics giant Hitachi Ltd., which will supply lithium ion batteries to General Motors next year, says it has developed a fourth-generation battery that is 50 percent more powerful than the current version.
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General Motors has reversed its decision to wind down about 30 dealerships and is reviewing about 500 more requests from dealerships for a reversal. On May 15, GM sent termination letters to 1,124 dealerships.
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In the months leading up to General Motors filing for bankruptcy, executives of the automaker warned that Americans wouldn't buy new cars and trucks from car company in bankruptcy.
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Desperate to eliminate red ink, General Motors thinks it has created a factory method to build small vehicles profitably in North America. GM calls the method "interbuildability."
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A U.S. bankruptcy judge today gave U.S. auto parts supplier Delphi Corp. preliminary approval to access $250 million in funding from General Motors that is expected to fund Delphi until it can emerge from bankruptcy.
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Jerry York, the former Chrysler CFO who became an outspoken critic of General Motors as a board member, said Tuesday the bankruptcies for the two automakers were "absolutely necessary."
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