U.S. carmaker General Motors Corp is eyeing a stake in Italian peer Fiat S.p.A. in exchange for the U.S. automaker's European and Latin American operations, the New York Times reported on its Web site.
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GMAC LLC said it must raise $11.5 billion in new capital as part of the U.S. government's efforts to shore up the nation's financial system. The lender, partly owned by General Motors, was among 10 financial institutions ordered to raise $74.
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General Motors and the University of Michigan will create a research institute where engineering students will study advanced combustion engines, battery technology and electric-vehicle manufacturing.
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ANN ARBOR, Mich. - General Motors and the University of Michigan today announced the formation of the GM/U-M Institute of Automotive Research and Education, with a strategic focus on reinventing the automobile and developing the next generation of high-efficiency vehicles powered by diverse energy sources.
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General Motors is expected to report a deep loss on Thursday for the first quarter in its last earnings report before the deadline for a restructuring and a potential bankruptcy filing. GM, surviving on $15.4 billion in U.S.
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Interest appears to be heating up for two brands that General Motors is trying to shed.
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I am extremely puzzled by the dealership cutbacks considered a solution to problems facing the auto industry in general and specifically to General Motors.
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Renault-Nissan is talking to General Motors about buying GM's Saturn line, according to two different published reports today.
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The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs.
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Fiat has denied reports that it plans to slash 18,000 jobs by closing or scaling down 10 factories in Europe in a possible takeover of General Motors' Opel unit.
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The United Auto Workers union has criticised the latest General Motors restructuring plan for taking more US jobs overseas.
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General Motors has detailed plans to all but wipe out the holdings of remaining shareholders by issuing up to 60bn new shares in a bid to pay off debt to the US government, bondholders and the United Auto Workers union.
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Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Russian carmaker GAZ is reviewing an invitation to join a group bidding for General Motors' European business, center around Opel, a German newspaper reported citing a GAZ spokesman.
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Sweden's Saab Automobile, owned by ailing U.S. auto maker General Motors, would welcome talks with Italy's Fiat S.p.A. about a takeover, Saab said on Wednesday.
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General Motors is set to resume negotiations with the UAW this week and believes everything should be open for discussion, CEO Fritz Henderson said. "I'm encouraged to reengage with the UAW at the bargaining table.
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As General Motors and Chrysler move forward with their respective restructuring plans, I have noticed a growing and unsettling wave of anti-dealer rhetoric in the news.
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A looming General Motors bankruptcy won't deter bondholders from pressing ahead with demands for more favorable treatment in the automaker's restructuring, an adviser for the creditors said.
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General Motors has started to notify 2,600 dealers of plans to eliminate them, and a dealers group is trying to block the effort by getting elected officials to intervene.
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