General Motors plans to sell cars in the United States that it makes in China, starting in 2011. That could make GM the first major automaker to import Chinese cars to the U.S. market.
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General Motors is open to considering moving its headquarters from Detroit, selling U.S. plants and renegotiating its restructuring plan with its major union as it heads toward probable bankruptcy, CEO Fritz Henderson said today.
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General Motors is arguing with its key labour union over plans to shut US plants and outsource production to Mexico and Asia as bankruptcy looms, union sources have said.
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A 10-member General Motors bondholder committee has said GM's offer of 10 percent equity would have to be "materially improved" to get any approval of a substantial number of unsecured bondholders, a source familiar with the committee's strategy...
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The US government would work to pave the way to bankruptcy at General Motors, as it did with Chrysler last month, if GM's restructuring effort falls short this month, US treasury secretary Timothy Geithner has said.
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Chrysler LLC's Viper plant isn't the only American sports car factory on the market. General Motors CEO Fritz Henderson said today the company will listen to offers for the Wilmington, Del.
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Chrysler LLC's Viper plant isn't the only American sports car factory on the market. General Motors CEO Fritz Henderson said today the company will listen to offers for the Wilmington, Del.
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General Motors' CEO Fritz Henderson says the automaker will start notifying its dealers "a bit later" this week on its plan to eliminate about 2,700 dealerships by 2010.
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General Motors' CEO Fritz Henderson says the automaker will start notifying its dealers "a bit later" this week on its plan to eliminate about 2,700 dealerships by 2010.
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Bankruptcy continues to be more probable for General Motors as it races to cut brands, dealers and factories to meet a government-imposed June 1 deadline to restructure its business.
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General Motors will choose a buyer for its European business by the end of this month, CEO Fritz Henderson said. and#8220;We are speaking with multiple bidders.
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General Motors will choose a buyer for its European business by the end of this month, CEO Fritz Henderson said. and#8220;We are speaking with multiple bidders.
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General Motors CEO Fritz Henderson said on Monday that GM will move closer toward selling its Saab brand within the next two months.
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General Motors is to speed up some payments to suppliers to help them deal with the planned closure of some of the automaker's assembly plants for up to nine weeks in the summer.
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Fiat Group CEO Sergio Marchionne denied that Japan's Suzuki Motor Co. could join his planned alliance between Fiat Group Automobiles and General Motors' European and Latin American operations.
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Germany plans to protect Opel's assets from creditors if parent General Motors is forced into bankruptcy in the US next month, economy minister Karl-Theodor zu Guttenberg was quoted as saying at the weekend.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said.
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Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said.
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Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said.
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