Chinese bidders are among investors interested in buying a stake in General Motors' Opel and Vauxhall brands, according to sources familiar with GM's negotiations about the future of its European operations.
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Chinese bidders are among investors interested in buying a stake in General Motors' Opel and Vauxhall brands, according to sources familiar with GM's negotiations about the future of its European operations.
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Chinese bidders are among investors interested in buying a stake in General Motors' Opel and Vauxhall brands, according to sources familiar with GM negotiations about the future of its European operations.
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General Motors is cutting about 1,600 salaried jobs in the United States this week as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, the automaker said today.
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General Motors' Chevrolet brand has become the latest exhibitor to pull out of the Frankfurt auto show in September. Honda, Nissan and Mitsubishi have already cancelled their appearances because of the economic crisis and falling sales.
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General Motors' Chevrolet brand has become the latest automaker to pull out of the Frankfurt auto show in September. Honda, Nissan and Mitsubishi have already cancelled their appearances at the show because of the economic crisis and falling sales.
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A top General Motors Asia Pacific executive thinks the auto market slow-down is now bottoming out in some countries in the region, he said at the Shanghai motor show.
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General Motors expects its sales in China to grow 5 to 10 percent this year, GM China CEO Kevin Wale said on Monday.
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Fiat may form an alliance with General Motors' core operations in Europe and Latin America, a source familiar with the matter told Automotive News on Friday.
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Bernd Pischetsrieder, ex-CEO of Volkswagen, could be a suitable head of a new Opel company independent of U.S. parent General Motors, an Opel dealer group in Germany said.
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General Motors has sent out confidentiality agreements to more than six potential investors for its Opel/Vauxhall unit, CEO Fritz Henderson said.
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General Motors is prepared to part with a controlling stake in Opel/Vauxhall for nothing but a pledge to invest directly in a new company formed from its European operations, the Financial Times said on Sunday, citing two people familiar with...
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General Motors sales chief Mark LaNeve is mounting a stout defense of the company's Buick-Pontiac-GMC brand strategy, but that may not offer much consolation to dealers.
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General Motors is prepared to part with a controlling stake in Opel/Vauxhall for nothing but a pledge to invest directly in a new company formed from its European operations, the Financial Times said on Sunday, citing two people familiar with...
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An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and from mostly overseas manufacturers thereafter.
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The credit crisis and other financial problems are accelerating General Motors and Chrysler LLC dealership closings.
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The growing likelihood that General Motors and Chrysler LLC will land in Bankruptcy Court has sent a wave of fear through U.S. auto dealers. Many GM and Chrysler dealers are protecting themselves by cutting inventory and factory orders.
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General Motors is prepared to part with a controlling stake in Opel/Vauxhall for nothing but a pledge to invest directly in a new company formed from its European operations, the Financial Times said on Sunday, citing two people familiar with...
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Bernd Pischetsrieder, ex-CEO of Volkswagen, could be a suitable head of a new Opel company independent of U.S. parent General Motors, an Opel dealer group in Germany said.
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The Obama administration has directed General Motors to prepare a new restructuring plan that would pay off bondholders and the automaker's major union in stock in exchange for $48 billion in debt, people briefed on the plan said on Friday.
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