Magna International Inc., Canada's largest auto-parts supplier, said on Friday that under its plan for General Motors' Opel unit, GM and Russian partners would each hold 35 percent stakes, while Magna would take 20 percent and employees 10 percent.
Full story...
Magna International Inc., Canada's largest auto-parts supplier, said on Friday that under its plan for General Motors' Opel unit, GM and Russian partners would each hold 35 percent stakes, while Magna would take 20 percent and employees 10 percent.
Full story...
German Chancellor Angela Merkel and Roland Koch, leader of Opel's home state of Hesse, were due to meet today (22 May) to discuss the three bids submitted on Wednesday for the General Motors' division.
Full story...
General Motors has agreed concessions with the United Auto Workers (UAW) union and is now racing against the clock to persuade bondholders to eliminate US$27bn in debt and avoid a bankruptcy filing.
Full story...
A fourth bidder has shown an interest in acquiring General Motors' European Opel and Vauxhall brands.
Full story...
José Eugênio Pinheiro has worked 40 years at General Motors do Brasil and his obsession for manufacturing and productivity gains has delivered excellent results.
Full story...
Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
Full story...
Magna International emerged on Friday as a favorite to acquire General Motors' Opel unit after top German officials said the Canadian car parts group had submitted a better plan than rival bidders Fiat S.p.A.
Full story...
German Vice Chancellor Frank-Walter Steinmeier said on Friday that out of the three bids for General Motors unit Opel, he wanted the bid by Magna International to be closely examined.
Full story...
The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday.
Full story...
Fiat S.p.A.'s CEO sees his company in the lead to win in the race for Opel, but a German magazine said parent company General Motors favored other bidders over the Italian automaker.
Full story...
Fiat S.p.A. submitted two versions of its offer for General Motors units Opel and Vauxhall, one with and one without a bid for GM's Latin American operations, people familiar with the matter told Automotive News Europe today.
Full story...
The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported late Thursday.
Full story...
The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital.
Full story...
The Obama administration is preparing to steer General Motors into bankruptcy next week, the Washington Post reported on Thursday, citing sources familiar with the discussions.
Full story...
The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital.
Full story...
Toyota will come within striking distance this year of General Motors' No. 1 U.S. market share position, while 2009 U.S. light-vehicle sales fall to 9.5 million units, a forecasting firm predicted today.
Full story...
Ford Motor Co. will overtake General Motors to become North America's top auto producer this year as bankruptcy scrambles the industry rankings, a research firm says.
Full story...
The UAW's agreement with General Motors won't diminish prospects for a GM bankruptcy filing, analysts and other experts said. Here are some comments on the deal announced today.
Full story...