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Apr
9th

Opel denies report pensions are a problem for sale

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Opel does not expect its pension obligations will be an obstacle to a sale, the German carmaker owned by General Motors said on Wednesday. Full story...
Apr
9th

Report: GM plans to double China car sales by 2013

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General Motors plans to challenge Volkswagen group in China by doubling its vehicle sales in the country to more than 2 million units by 2013, the Shanghai Securities News said on Thursday citing company executives. Full story...
Apr
9th

GM in ‘constructive’ talks with Canada

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General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support. Full story...
Apr
9th

White House team meets GM to speed restructuring

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The White House task force charged with retooling the U.S. auto industry is meeting with General Motors officials to accelerate its restructuring process, an administration official said Wednesday. Full story...
Apr
9th

GM in ‘constructive’ talks with Canada, Henderson says

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General Motors CEO Fritz Henderson said on Wednesday the automaker, which is teetering on the edge of bankruptcy, was having constructive talks with governments of Canada and the province of Ontario about future funding support. Full story...
Apr
9th

Three bidders remain in auction for GM’s Hummer

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Three bidders remain for General Motors' Hummer brand, two sources with knowledge of the matter said on Wednesday, adding that current offers range from $100 million to $200 million in cash, in addition to other commitments. Full story...
Apr
8th

Three bidders remain in auction for GM’s Hummer

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Three bidders remain for General Motors' Hummer brand, two sources with knowledge of the matter said on Wednesday, adding that current offers range from $100 million to $200 million in cash, in addition to other commitments. Full story...
Apr
8th

White House team meets GM to speed restructuring

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The White House task force charged with retooling the U.S. auto industry is meeting with General Motors officials to accelerate its restructuring process, an administration official said Wednesday. Full story...
Apr
8th

U.S. funding for Volt on hold pending bailout

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General Motors said it won't get federal funding for its Chevrolet Volt plug-in hybrid car until the company is certified as financially viable by the Obama administration. The automaker has applied for $10.3 billion in U.S. Full story...
Apr
8th

CHINA: GM sets monthly sales record

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General Motors China sales in March rose 24.6% year on year to a monthly record of 137,004 vehicles as government stimulus policies kicked in. Full story...
Apr
8th

Opel denies report pensions are a problem for sale

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Opel does not expect its pension obligations will be an obstacle to a sale, the German carmaker owned by General Motors said on Wednesday. Full story...
Apr
8th

GM bringing direct injection technology to mainstream models:

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Direct injection, a highly precise fuel saving technology, will be standard on the new GMC Terrain small SUV, General Motors plans to announce today at the New York Auto Show. Full story...
Apr
8th

CANADA: GM, Chrysler, bankruptcy readiness essential – minister

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Canada's industry minister is unable to say if Chrysler will survive and suggested the Canadian government must be prepared for that automaker or General Motors to go into bankruptcy protection. Full story...
Apr
8th

U.S. automakers hit hard by Russia sales slump

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Once a bright spot for General Motors and Ford Motor Co., Russia has become another major concern for the U.S. automakers. Full story...
Apr
8th

US: GM gatekeeper for supplier aid

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Federal loan funds of US$2.1bn will be distributed to critical General Motors suppliers through the automaker. Full story...
Apr
8th

US: GM said in “intense”, “earnest”, bankruptcy prep

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General Motors is in "intense" and "earnest" preparations for a possible bankruptcy filing, a news agency source familiar with the matter has said. Full story...
Apr
8th

GM bringing direct injection technology to mainstream models

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Direct injection, a highly precise fuel saving technology, will be standard on the new GMC Terrain small SUV, General Motors plans to announce today at the New York Auto Show. Full story...
Apr
8th

Auto suppliers to get $3.5 billion in federal aid, not $5 billion

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The U.S. Treasury said today that Chrysler LLC and General Motors have launched supplier support programs backed by U.S. government funds. The programs will guarantee receivables owed to the auto parts suppliers for any goods shipped after March 19. Full story...
Apr
8th

2010 GMC Terrain and 2010 Yukon Denali Hybrid shown in New York

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The 'professional grade' division of General Motors had two new models on display for attendees of the New York International Auto Show (NYIAS) earlier this week. Both the new Yukon Denali Hybrid and the brand's upcoming Terrain crossover were on present, showing a planned enhancement of the GMC product lineup. Full story...
Apr
7th

Canada pledges to back GM, Chrysler warranties

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Canada, taking a cue from the United States, will attempt to ease customers' concerns about an automaker bankruptcy by providing warranty guaranties on Chrysler LLC and General Motors vehicles. The program, valued at $185. Full story...
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