General Motors' German Opel unit is not insolvent, the head of GM's European business reiterated, according to German radio station Deutschlandfunk.
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General Motors' Opel brand has obtained a loan guarantee from Spain but still needs 2.6 billion euros from Germany, the head of GM Europe said today. "We need a guarantee for more than 3.3 billion euros in Europe in order to get loans from banks.
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General Motors' Opel brand has obtained a loan guarantee from Spain but still needs 2.6 billion euros from Germany, the head of GM Europe said today. "We need a guarantee for more than 3.3 billion euros in Europe in order to get loans from banks.
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The Canadian Auto Workers union said Wednesday its members had agreed to contract concessions with General Motors of Canada to help the automaker qualify for government loans.
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The Canadian Auto Workers union said Wednesday its members had agreed to contract concessions with General Motors of Canada to help the automaker qualify for government loans.
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Opel/Vauxhall dealers plan to raise 400 million euros to buy a minority stake in the troubled General Motors-owned brands.
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Opel/Vauxhall dealers plan to raise 400 million euros ($511 million) to buy a minority stake in the troubled General Motors-owned brands.
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Opel/Vauxhall dealers plan to raise 400 million euros to buy a minority stake in the troubled General Motors-owned brands.
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General Motors' deteriorating financial situation has caused the company to delay one of the most advanced engines that it has ever designed, a 4.5-liter diesel for light-duty trucks.
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General Motors' deteriorating financial situation has caused the company to delay one of the most advanced engines that it has ever designed, a 4.5-liter diesel for light-duty trucks.
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General Motors' deteriorating financial situation has caused the company to delay one of the most advanced engines that it has ever designed, a 4.5-liter diesel for light-duty trucks.
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General Motors executives from Detroit and Europe will meet European lawmakers Friday, the European Commission said today.
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General Motors executives from Detroit and Europe will meet European lawmakers Friday, the European Commission said today. "We have invited for next Friday the highest representatives from General Motors Europe and Detroit.
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The European Commission will hold a meeting with representatives of General Motors and other stakeholders on Friday (March 13).. Full story…
CAW leadership representing production and skilled trades workers at General Motors in Canada unanimously endorsed the
CAW-GM tentative restructuring agreement at a meeting today in Toronto.
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General Motors and Chrysler LLC held show-and-tell events for a presidential task force in the Detroit area today. But a likely key to the trip's ultimate significance was a meeting between panel members and UAW leaders.
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General Motors and Chrysler LLC held show-and-tell events for a presidential task force in the Detroit area today. But the potential key to the panel's field trip was a scheduled meeting with UAW leaders.
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Jerry York, a veteran auto industry executive and former board member at General Motors, said the automaker risks coming through its current bailout overburdened with debt in an industry still struggling with too much production capacity.
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General Motors has denied a weekend newspaper report Opel was preparing for insolvency.
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Even as General Motors explores the sale of Opel, it will tap its European unit as a source for future Buick sedans.
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