General Motors, in the wake of lending restrictions by its partially owned finance unit, will begin an advertising campaign reminding consumers that they can still finance vehicles through GM dealerships.
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General Motors, in the wake of lending restrictions by its partially owned finance unit, will begin an advertising campaign reminding consumers that they can still finance vehicles through GM dealerships.
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Stung by a General Motors recall of its main product, Microheat Inc. today filed for Chapter 11 bankruptcy protection.
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UAW President Ron Gettelfinger said this morning that he's against a General Motors-Chrysler LLC merger if it costs union jobs.
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The Canadian Auto Workers has asked General Motors and Chrysler LLC to clarify whether they are considering a merger, since any such transaction would risk "massive consolidation and massive job losses," union president Ken Lewenza said today.
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A merger between U.S. carmakers General Motors and Chrysler would be "an absolute catastrophe", the top labor representative at GM Europe was quoted on Monday as saying. "GM would only raise its own problems to a higher power.
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Despite the crisis at General Motors, Opel is not expecting to cut employees.
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Whether or not talks of a General Motors and Chrysler merger come to fruition, the fact that talks have taken place at all signals a daunting new direction for the US supplier industry, according to UK-based supplier industry analyst SupplierBusiness.
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The chairman of the Chrysler-Jeep National Dealer Council says he thinks a Chrysler-General Motors merger could help the companies, as long as it didn't involve a merger in the dealership franchise structures.
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General Motors said today it will close a Grand Rapids, Mich., metal stamping plant next year that makes hoods, fenders and other parts for pickups and SUVs.
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DETROIT (Reuters) -- General Motors said today it would close its Janesville, Wis., assembly plant by year-end in response to slumping demand for the full-size SUVs it manufactures.
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Shares of General Motors jumped 33 percent in trading today after reports the automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co. and Chrysler LLC.
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General Motors has sold its Soedertaelje engine development center in Sweden to Austrian engineering company AVL. The move means the consolidation of GM's Swedish powertrain engineering operations in Trollhaettan, Sweden.
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General Motors has launched its US luxury brand Cadillac at the 2008 Australian International Motor Show in Sydney. Sales in both Australia and New Zealand start early next year.
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General Motors said on Saturday it has not sought a federal bailout but did not rule out the possibility of approaching the U.S. government or taking other dramatic steps to survive a worsening downturn in auto sales.
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General Motors, battling shrinking U.S. sales and a plummeting stock price, is discussing a possible combination with Chrysler LLC, a person familiar with the talks said.
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What's good for General Motors is good for the country. When former GM CEO Charles Wilson told the U.S.
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Dealer casualties may increase because of collapsing new-car sales. "There will be fallout but our goal is to minimize the impact as much as we can," said Brent Dewar, General Motors Europe's vice president of sales and marketing.
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General Motors purchasing chief Bo Andersson is taking a hard line, even with minority suppliers, and is eliminating poor performers. He said he cut 10 in the past year.
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