General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, Chief Operating Officer Fritz Henderson said.
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The British government said it would discuss helping General Motors' British unit Vauxhall once it saw the U.S. automaker's European restructuring plans.
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The British government said it would discuss helping General Motors' British unit Vauxhall once it saw the U.S. automaker's European restructuring plans.
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General Motors is studying a new marketing or incentive program to address slumping consumer confidence. But the automaker's top sales executive says GM won't copy Hyundai's Assurance program.
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Representatives of General Motors' bondholders are scheduled to meet on Thursday afternoon with members of the Obama administration task force overseeing bailout plans for the troubled U.S. auto industry, a person familiar with the plans said today.
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Ford, Toyota and General Motors sales plunged more than 39 percent last month in what early reports indicated was the weakest February sales performance in at least 34 years.
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The woes of General Motors-owned Saab could spell trouble for Volvo Car Corp., owned by Ford Motor Co., if suppliers shared by the two Swedish rivals ran into difficulties.
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February sales for each of the top six U.S. automakers plunged more than 37 percent in February. General Motors had the largest year-to-year decline among the biggest companies, 53.1 percent. Ford Motor Co. was next-worst at 49.
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Ford, Toyota and General Motors sales plunged more than 39 percent last month in what early reports indicated was the weakest February sales performance in at least 34 years. GM, which is staying afloat with U.S. loans, dropped 53.1 percent.
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General Motors Europe's UK unit Vauxhall has responded to a Sky News report today that there was a threat to GM's manufacturing operations at Ellesmere Port and Luton by saying a Geneva show press conference had "highlighted" that Vauxhall "was a very strong and successful brand in the UK and there are no plans for it to be axed".
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General Motors has not revived consideration of a merger with smaller rival Chrysler LLC since calling off negotiations toward a deal last year, a senior executive said today.
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General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, Chief Operating Officer Fritz Henderson said.
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General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, COO Fritz Henderson said today.
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General Motors' plan to spin off Opel probably would involve giving equity stakes to European governments initially rather than selling shares to private investors, GM executives said today.
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General Motors Europe will run out of money in the second quarter unless European governments come quickly to the company's aid, COO Fritz Henderson said today.
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General Motors Europe is considering closing factories in Europe but is months away from a decision, the carmaker's top European executive said.
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The Ampera - General Motors' Europe's derivative of the Chevy Volt - will be made with right-hand drive from 2012, about a year after LHD European sales start.
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General Motors has agreed to buy Delphi Corp.'s global steering business to protect parts supply and bring Delphi a step closer to leaving Chapter 11 bankruptcy protection.
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General Motors has agreed to buy Delphi Corp.'s global steering business to protect parts supply and bring Delphi a step closer to leaving Chapter 11 bankruptcy protection.
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General Motors plans to buy back the steering business of its former unit Delphi Corp. as part of an agreement to help the bankrupt parts maker restructure, Bloomberg News said, citing people familiar with the discussions.
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