General Motors is to sell its Nexteer Automotive global steering and halfshaft operations to Chinese operation Pacific Century Motors (PCM).
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General Motors Co. has agreed to sell its Nexteer Automotive steering-parts business to China's Pacific Century Motors, part-owned by Beijing's municipal government.
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General Motors said it expects its sales in Brazil to grow by 68% to 1m vehicles a year by 2014 as consumers grow richer and the currency gains in strength.
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Opel plans to act swiftly, cleverly and patiently to win back car buyers in its home market, the boss of the struggling General Motors Co. subsidiary said. 'We need to rebuild the image in Germany,' Opel/Vauxhall CEO Nick Reilly said.
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Toyota Motor's Canadian unit said on Monday its June sales dropped 13.8% year on year while General Motors said Canadian sales rose 15.2%.
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Zeewolde, the Netherlands - Spyker Cars N.V., manufacturer of premium automobiles under the Saab and Spyker brands, today confirmed it has paid the second and final instalment of the purchase price for Saab Automobile AB (''Saab'') to General Motors (''GM'').
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Spyker Cars used internal funding rather than external debt to pay General Motors the final us$24m purchase price for Saab, the company said, ending concern over how it would foot the bill.
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Spyker used internal funding rather than external debt to pay General Motors the final $24 million purchase price for Saab, ending concern over how it would foot the bill.
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General Motors Co. gave stock valued at $6.66 million to 14 top managers, including $1.33 million worth to CEO Ed Whitacre. The 123,347 shares were valued at $53.
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General Motors Co. is in talks with banks to secure a $5 billion credit revolver as it prepares to file for a possible public stock offering this year, a source familiar with the plan said today.
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General Motors and its joint ventures set new marks for unit sales in China in the month of June and for the first half of the year, the automaker said. Sales in June rose 23.2% on an annual basis to 176,486 units. For the first half, sales were up 48.5% from the same period in 2009 to 1,209,138 units.
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General Motors Co. will build 10,000 Chevrolet Volts by the end of 2011 and 30,000 more in 2012, said Tony DiSalle, marketing director for the Volt.
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General Motors Co. will build 10,000 Chevrolet Volts by the end of 2011 and 30,000 more in 2012, said Tony DiSalle, marketing director for the Volt.
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New UK business secretary Vince Cable has welcomed news that General Motors has signed a series of deals worth more than GBP100m (US$151m).
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General Motors has cautiously welcomed the European Union's decision to develop common charging systems for electric cars although it highlights the need not to add complexity.
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General Motors Co. is expanding the launch of the Chevrolet Volt hybrid car to markets in the New York region and Austin, Texas, the Wall Street Journal reported on Wednesday.
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General Motors Co. plans to build a new mid-sized Chevrolet truck in Thailand for export to Europe and parts of Southeast Asia as the brand makes its first push into the two regional pickup markets.
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UK motor industry representatives are optimistic General Motors will place the manufacture of its Ampera (European version of the Chevy Volt) in Britain, following the start of Toyota's new Auris hybrid production in the country this week.
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General Motors' plant in St Petersburg, Russia, on Tuesday started production of Opel Astra new-generation five-door hatchbacks, the plant's CEO Hans Juergen Michel said.
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