Union concessions on labour costs to General Motors of Canada made earlier this month will save the automaker almost C$1bn ($819.1m), it has emerged.
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General Motors of Canada will save nearly C$1 billion ($819.1 million) on future labor costs as a result of union concessions it won earlier in March, the company said in a letter obtained by Reuters.
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Lets hope General Motors still has enough cash left over for few luxuries, because we cant wait for the Cadillac CTS coupe. And today, were getting more spy shots of the hot two-door due in 2010.
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A stalled General Motors plant in Thailand has been revived with the promise of a capital injection from local financial institutions.
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General Motors has delayed indefinitely the Chevrolet Camaro convertible and Z28 high-performance variant to save cash, sources say.
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The German government is not aiming to take a stake in troubled carmaker Opel, but may give the General Motors' unit aid to help it survive, Chancellor Angela Merkel said on Sunday.
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Kroymans Corp., General Motors' European distributor for Cadillac cars, has won court approval to suspend debt payments for four of its business units.
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This small Buick sedan, based on General Motors' re-engineered front-drive Delta architecture, is heading for China -- and might appear on U.S. roads in 2011.
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Bondholders holding some $27 billion of General Motors debt on Sunday sent a letter to the White House task force overseeing the bailout of the auto industry to register concern with the lack of progress in GM's debt-restructuring talks.
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Bondholders holding some $27 billion of General Motors debt on Sunday sent a letter to the White House task force overseeing the bailout of the auto industry to register concern with the lack of progress in GM's debt-restructuring talks.
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German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in General Motors' Opel unit, rejecting a media report saying there were no serious bidders yet.
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Bondholders holding some $27 billion of General Motors debt today sent a letter to the White House task force overseeing the bailout of the auto industry to register concern with the lack of progress in GM's debt-restructuring talks.
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The German government is not aiming to take a stake in troubled carmaker Opel, but may give the General Motors' unit aid to help it survive, Chancellor Angela Merkel said on Sunday.
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Advisers representing General Motors bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt-restructuring talks. GM's $13.4 billion in emergency loans from the U.S.
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FRANKFURT (Reuters) -- German Economy Minister Karl-Theodor zu Guttenberg said on Saturday he was talking to potential investors in General Motors' Opel unit, rejecting a media report saying there were no serious bidders yet.
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Kroymans Corp., General Motors' European distributor for Cadillac cars, has won court approval to suspend debt payments for four of its business units.
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Advisers representing General Motors bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt-restructuring talks. GM's $13.4 billion in emergency loans from the U.S.
Full story...
Advisers representing General Motors bondholders on Friday issued an appeal to the automaker and U.S. officials to break an impasse in a crucial round of debt restructuring talks. GM's $13.4 billion in emergency loans from the U.S.
Full story...
Kroymans Corp., General Motors' European distributor for Cadillac cars, today said it is seeking court protection from creditors. The Dutch-based dealer group said it has acute liquidity problems due to a collapse in new- and used-car sales.
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About 14 percent of General Motors' and Chrysler LLC's U.S. sales in the first two months of the year came through a new program offering discounts to credit union members.
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