Fiat chief executive Sergio Marchionne is meeting with advisers and German government officials until Wednesday at which point he will submit a non-cash offer for General Motors' unit Adam Opel AG, a person familiar with the situation said on Monday.
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At least 300 auto workers protested today outside two branches of General Motors in South Africa's Eastern Cape, the National Union of Metalworkers (NUM) said.
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General Motors' legacy will help the Swedish automaker to exist as an independent automaker, the head of the company's engineering center said.
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The UAW expects a crucial round of restructuring talks with General Motors "to intensify this coming week" ahead of an end-of-May deadline set by the Obama administration.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany may send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany may send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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General Motors' Opel unit could end up making cars for other manufacturers if Magna International becomes its partner, German media have reported.
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If General Motors files for bankruptcy at the end of the month before reaching a solution for its Opel/Vauxhall subsidiary in Europe, the German government will press for a trustee arrangement for the company, economy minister Karl-Theodor zu Guttenberg has said.
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Hope and uncertainty grip the people of Trollhaettan in western Sweden as they prepare for Saab's separation from General Motors.
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General Motors' Opel unit might make cars for other manufacturers if Magna International becomes its partner, according to German media reports. If Opel has to reduce output of its cars, it could offer capacity to carmakers such as Ford Motor Co.
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General Motors faces a government-imposed June 1 deadline to reach sweeping cost-cutting deals with bondholders and its union and has said it is probable it will follow rival Chrysler LLC into bankruptcy. Here are key upcoming dates.
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General Motors' Opel unit could go bankrupt if competing business plans for the carmaker from Fiat S.p.A. and Magna International are both unsuitable, Germany's Economy Minister was quoted as saying.
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The Canadian Autoworkers union said a number of key issues remain unresolved as talks continue with embattled General Motors on a deal that will cut the automaker's costs.
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General Motors' Opel unit might make cars for other manufacturers if car parts supplier Magna International becomes its partner, German newspaper paper Welt am Sonntag reported, citing unidentified sources close to Magna.
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General Motors' Opel unit might make cars for other manufacturers if Magna International becomes its partner, German newspaper paper Welt am Sonntag reported.
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The decisions by General Motors and Chrysler LLC to close more than 2,300 dealerships within the next 18 months will put pressure on vehicle prices, said AutoNation Inc. CEO Mike Jackson. "It's extremely painful in the short run and very disruptive.
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General Motors' Opel unit could go bankrupt if competing business plans for the carmaker from Fiat S.p.A. and Magna International are both unsuitable, Germany's Economy Minister was quoted as saying.
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