Apr
16th
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Saturn, Pontiac and GMC could soon no longer be in the General Motors brand corral, according to US media reports. Full story...
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Apr
16th
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General Motors' Opel/Vauxhall unit could continue functioning even if its U.S. parent files for Chapter 11 bankruptcy protection, an Opel spokesman said on Thursday. "GM Europe has its own pool of liquidity," the spokesman said. Full story...
Apr
16th
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Delphi faces a deadline tomorrow (17 April) to deliver a term sheet outlining the future of its continued support from General Motors, which spun it off 10 years ago ago but still has ties to the company. Full story...
Apr
16th
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An insolvency at General Motors Europe unit Adam Opel would not lead to a dramatic surge of bankruptcies among car part producers, Oliver Weirauch of the Droege consultancy told a finance daily. Full story...
Apr
16th
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The European unit of General Motors could still pay salaries and continue functioning even if its stricken U.S. parent files for Chapter 11 bankruptcy protection, a spokesman for Opel said today. Full story...
Apr
16th
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Workers at General Motors and Chrysler LLC in Canada must take wage and benefit cuts of as much as C$19 ($15.77) an hour to keep the carmakers from bankruptcy protection, Canada's Industry Minister told a newspaper. Full story...
Apr
16th
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General Motors has told US dealers it is speeding up its timetable for closing about 1,700 outlets as it hurries to meet the Obama administration's 1 June restructuring deadline, people with knowledge of the discussions have said. Full story...
Apr
16th
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General Motors' interim chairman has acknowledged that the automaker was running out of time to reach a deal with stakeholders and the US government to restructure outside of bankruptcy. Full story...
Apr
16th
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General Motors' Saab unit said on Thursday it had signed confidentiality agreements with 27 potential suitors in its efforts to find a new owner to help it survive the downturn. Full story...
Apr
16th
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General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions told Reuters. Full story...
Apr
16th
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter. Full story...
Apr
16th
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General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions told Reuters. Full story...
Apr
16th
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter. Full story...
Apr
16th
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Facing a June 1 deadline to restructure under U.S. government oversight, General Motors may drop its Pontiac and GMC brands as part of broader cost-cutting moves, Bloomberg reported, citing people familiar with the matter. Full story...
Apr
16th
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General Motors has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said. Full story...
Apr
15th
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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 mostly overseas manufacturers thereafter. Full story...
Apr
15th
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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 mostly overseas manufacturers thereafter. Full story...
Apr
15th
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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 mostly overseas manufacturers thereafter. Full story...
Apr
15th
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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 mostly overseas manufacturers thereafter. Full story...
Apr
15th
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The US treasury department has distributed US$5bn in government aid to General Motors and Chrysler suppliers. Full story...