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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Fiat may form an alliance with General Motors' core operations in Europe and Latin America, a source familiar with the matter told Automotive News today.
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General Motors bondholders are willing to make "deep concessions," provided GM can produce a viable business plan and get equal concessions from other stakeholders, a source familiar with the committee's plans said today.
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General Motors has dropped a plan to sell its AC Delco parts business and expects final bids on its Hummer SUV brand by next week, the company said today.
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General Motors has dropped a plan to sell its AC Delco parts business and expects final bids on its Hummer SUV brand by next week, the company said today.
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General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary.
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Speed would be key in any reorganisation of General Motors if it were to file for Chapter 11, according to one bankruptcy expert.
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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 has sent out confidentiality agreements to more than six potential investors for its Opel/Vauxhall unit, GM CEO Fritz Henderson 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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Fiat chairman Luca Cordero de Montezemolo has denied eyeing General Motors Europe's Opel AG.
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General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary.
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The South Korean government expects to see financial support given to local General Motors unit to GM Daewoo, a minister said on Friday (17 April).
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Fiat Chairman Luca Cordero de Montezemolo denied on Friday the Italian carmaker was looking at General Motors' German unit Opel.
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General Motors CEO Fritz Henderson has canceled his trip to next week's Shanghai auto show, a spokesman said on Friday.
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General Motors CEO Fritz Henderson has cancelled his trip to next week's Shanghai auto show, a spokesman said on Friday.
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A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac.
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A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac.
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A senior General Motors executive today denied reports that President Barack Obama's automotive task force has pressured the automaker to dump GMC and Pontiac.
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General Motors, facing growing speculation about its upcoming restructuring plans, said today that CEO Fritz Henderson will provide an update on the company's actions tomorrow.
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