Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel. "Now we have to concentrate on Opel.
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The prospect that both Chrysler LLC and General Motors are about to fall under the control of the UAW and the U.S. government is seen by few as a recipe for the success of either automaker.
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Oshawa, Ontario (May 1st, 2009) - For April 2009, General Motors of Canada dealers delivered 29,800 units maintaining its monthly and yearly sales leadership position and posting an impressive 16% improvement over March sales.
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General Motors won permission from European Union regulators on Thursday to acquire the steering business of bankrupt automotive parts supplier Delphi Corp.
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Belgium's Flemish government has proposed a sale and leaseback deal with General Motors that could mean a windfall of 200 million euros ($266 million) for the struggling auto company, it said in a statement on Thursday.
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General Motors' bondholders today presented an alternate restructuring plan for the automaker, calling for deal allowing them to control 51 percent of the reorganized company in exchange for $27 billion in debt.
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Bondholders today will present an alternative to General Motors' just-launched debt-for-equity exchange in a deal that would swap a 51-percent stake in a restructured company for $27 billion in debt, according to a person with knowledge of the plan.
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How ironic that General Motors is launching the excellent Chevrolet Cruze compact sedan just as the parent company faces the question of its very survival.
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How ironic that General Motors is launching the excellent Chevrolet Cruze compact sedan just as the parent company faces the question of its very survival.
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In today's News Brake: The FIA slaps Formula One team McLaren on the wrist and says don't lie again; the end of Saturn will cut into General Motors' hybrid sales; and the Ford Fusion Hybrid is quite the gas sipper ... But Wait, There's More!
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General Motors has received European regulatory approval for its debt for equity swap.
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General Motors says it will repurchase unsold new vehicles and parts from dealers whose franchise agreements are terminated, but the automaker won't compensate dealers for the loss of the franchise.
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General Motors will not support Korean subsidiary GM Daewoo Auto and Technology if its Korean creditor does not join the automaker's rescue, GM's chief finance officer Ray Young has said.
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General Motors has told US dealers by video conference it will next month name the 2,600 outlets targeted for closure within a year.
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Restructuring General Motors and Chrysler will directly affect potential output growth in Canada, Bank of Canada governor Mark Carney said.
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The axing of Pontiac may not mean the end of US-bound exports from General Motors' Holden unit in Australia, according to a local media report.
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The National Automobile Dealers Association, bracing for a possible General Motors bankruptcy, is asking dealers to contribute to a legal fund to protect their interests
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General Motors today announced pricing for the all-new 2010 Buick Allure luxury sedan, which startsat an MSRP of $32,745 and arrives in showrooms this summer. Available in frontand all-wheel-drive, the Allure is powered by a choice of two fuel-savingdirect injection V-6 engines paired with six-speed transmissions and delivers precisesuspension tuning for driving control and comfort unlike any Buick before it.
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