Apr
15th
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Australian car buyers are shifting permanently away from large cars, local General Motors unit Holden head Mark Reuss has said. Full story...
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The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
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Apr
15th
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The US government is pressuring the creditors of General Motors and Chrysler to help the carmakers return to health by swapping debt for equity. That might work if the lenders thought the equity was worth something. And it might be - if the two companies merged and crunched out substantial costs. [This article was provided by breakingviews.com.] Full story...
Apr
15th
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Struggling coachbuilder Heuliez, which makes the Tigra car for General Motors' Opel unit, has been granted protection from creditors for up to six months, a French court said on Wednesday. Full story...
Apr
15th
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Chinese carmaker SAIC, which bought up the remains of defunct MG Rover, this week began considering investing in a new European company that will take over General Motors' German unit Opel and its British subsidiary Vauxhall, a London newspaper has reported. Full story...
Apr
15th
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General Motors Europe's German unit Opel does not face an imminent cash crunch, a spokesman said on Wednesday. Full story...
Apr
15th
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General Motors' Opel/Vauxhall unit has generated enough funds to survive the next four months, the German newspaper Bild Zeitung reported on Wednesday, citing sources familiar with the matter. Full story...
Apr
15th
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General Motors' Opel/Vauxhall unit does not face an imminent cash crunch despite its U.S. parent's financial troubles, Opel said on Wednesday. "Opel is liquid," a spokesman said. Full story...
Apr
15th
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General Motors' Opel/Vauxhall unit does not face an imminent cash crunch despite its U.S. parent's financial troubles, Opel said on Wednesday. "Opel is liquid," a spokesman said. Full story...
Apr
15th
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U.S. President Barack Obama offered a "fervent hope" for Chrysler LLC and General Motors' survival on Tuesday as GM bondholders said completing the automaker's restructuring outside bankruptcy has become increasingly less likely. Full story...
Apr
14th
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U.S. President Barack Obama offered a "fervent hope" for Chrysler LLC and General Motors' survival today as GM bondholders said completing the automaker's restructuring outside bankruptcy has become increasingly less likely. Full story...
Apr
14th
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The prospect of General Motors avoiding bankruptcy is becoming "less likely," and that may be pushing bondholders to pursue separate bankruptcy strategies, two sources close to government talks said today. Full story...
Apr
14th
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General Motors is facing a lawsuit in Canada from unsecured bondholders after it paid dividends from a small local unit even as it hovered on the brink of insolvency. Full story...
Apr
14th
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General Motors' (GM) St Petersburg plant has re-opened at full production after a partial suspension that had been in effect since 30 March. Full story...
Apr
14th
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General Motors' Saab unit said today it would lay off 701 employees after talks with labor unions, scaling back the originally planned 750 that were given notice of redundancy a month ago. Full story...
Apr
14th
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Turnaround experts have warned that a government-directed General Motors bankruptcy is unlikely to be as fast or as simple as the US treasury department hopes. Full story...
Apr
14th
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General Motors bondholders are readying legal action against the carmaker's bankruptcy plan, a media report said. Full story...
Apr
14th
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The top European union official at General Motors expects an investor to be found for the carmaker's Opel/Vauxhall subsidiary. Full story...
Apr
14th
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The top European union official at General Motors expects an investor to be found for the carmaker's Opel/Vauxhall subsidiary. Full story...
Apr
14th
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The top European union official at General Motors expects an investor to be found for the carmaker's Opel/Vauxhall subsidiary. Full story...
Apr
14th
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The US treasury is preparing to force General Motors into a carefully-prepared, fast-track bankruptcy that will split the automaker into 'good' and 'bad' companies by 1 June, a US newspaper said on Monday (14 April). Full story...