Germany reached a landmark deal with Canadian auto-parts group Magna, General Motors and governments to save Opel from the imminent bankruptcy of its U.S. parent, German leaders said on Saturday.
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Germany reached a deal in talks with Canada's Magna International, General Motors and governments to save GM's Opel unit, German government leaders said on Saturday after a six-hour meeting in the chancellery.
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Canadian supplier Magna International Inc. has reached a preliminary deal with General Motors to invest in Opel, boosting hopes for a deal with the U.S. and German governments to save the carmaker.
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German efforts to forge a rescue for General Motors' Opel unit were under threat on Friday after Fiat S.p.A. and Magna International, the leading candidates to take over the carmaker, voiced reservations about the bidding process.
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The UAW will emerge from a General Motors restructuring as the second-largest stockholder in the reorganized automaker and with a more direct stake in its success, union President Ron Gettelfinger said on Thursday.
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The UAW will emerge from a General Motors restructuring as the second-largest stockholder in the reorganized automaker and with a more direct stake in its success, union President Ron Gettelfinger said on Thursday.
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The UAW will emerge from a General Motors restructuring as the second-largest stockholder in the reorganized automaker and with a more direct stake in its success, union President Ron Gettelfinger said on Thursday.
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Unions accused the British government on Thursday of not doing enough to protect nearly 5,000 British jobs at General Motors U.K. brand Vauxhall.
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Unions accused the British government on Thursday of not doing enough to protect nearly 5,000 British jobs at General Motors U.K. brand Vauxhall.
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General Motors today confirmed that its UAW-represented employees have ratified the modifications to the GM-UAW 2007 National Labor Agreement. The amended agreement covers approximately 54,000 hourly employees located in 46 U.S. facilities.
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DETROIT, Mich. -- General Motors Corporation (NYSE:GM) announced today it plans to build a future small car in the United States utilizing an idled UAW-GM facility. This vehicle adds to GM's growing portfolio of U.S.-built, highly fuel efficient cars including the Chevrolet Cruze and Volt.
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A majority of rank-and-file members of the UAW approved a ratified agreement with General Motors today that will give the union a stake in the U.S. automaker in return for concessions, according to initial tallies.
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Former General Motors Vice Chairman Bob Lutz envisions the Obama administration's automotive task force evolving into a permanent entity exercising "benevolent oversight" of the industry.
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The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.
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The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.
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Bob Lutz, General Motors soon-to-retire product czar, said Thursday that not only does he support and endorse the work of President Barack Obamas automotive task force, but hed also like to see the government-industry entity become a permanent...
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Bob Lutz, General Motors soon-to-retire product czar, said Thursday that not only does he support and endorse the work of President Barack Obamas automotive task force, but hed also like to see the government-industry entity become a permanent...
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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So far, General Motors has declined to identify the 1,124 dealerships scheduled to be cut off when their franchise agreements expire on Oct. 31, 2010, but the names appear to be getting out just the same.
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