Opel's labor chief Klaus Franz has demanded that parent company General Motors Co. invest at least $1.355 billion (1 billion euros) to restructure the European arm as a way to improve its chances for getting state aid.
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OSHAWA, Ontario, March 2, 2010 -- General Motors of Canada will conduct a safety recall of 256,583 compact cars to address issues in the power steering system. Vehicles affected are the 2005-2010 Chevrolet Cobalt; 2007-2010 Pontiac G5; and 2005-2006 Pontiac Pursuit.
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General Motors Co. has started to contact rejected dealers with offers to begin settlement discussions to reinstate their franchises.
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Opel's labor chief Klaus Franz has demanded that parent company General Motors Co. invest at least $1.355 billion (1 billion euros) to restructure the European arm as a way to improve its chances for getting state aid.
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General Motors Co.'s European unit Opel expects to make good progress in the coming weeks in talks to clinch restructuring aid from the German government, Opel's CEO told Reuters TV in an interview on Monday. The European unit of U.S.
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General Motors has welcomed US politicians' calls for event data recorders (EDR) [aka 'black boxes'] to be fitted on all new vehicles.
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It may be some time yet before decisions are reached over the restructuring plan for General Motors' Opel, Germany's Welt am Sonntag (World on Sunday) newspaper reported yesterday, citing the carmaker's chief executive officer Nick Reilly.
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General Motors Co. will again shake up its U.S. sales and marketing management as early as this week, three people familiar with the plan said.
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General Motors Co. will again shake up its U.S. sales and marketing management as early as this week, three people familiar with the plan said.
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General Motors Co.'s is extending the franchise agreement by 60 days for the remaining 153 U.S. Hummer dealers while the automaker continues to look for a buyer.
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General Motors has approached previous bidders for its Hummer unit after a deal to sell the brand to little known Chinese firm Sichuan Tengzhong Heavy Industrial Machinery collapsed, a media report said on Friday.
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General Motors' brands Vauxhall and Chevrolet have welcomed the announcement of a UK government grant subsidy for electric vehicles.
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General Motors Co. is examining offers for Hummer in the wake of a Chinese machinery maker's failed bid for the SUV brand, press reports said.
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General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California.
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Magna International Inc., which last fall lost out on a bid to acquire General Motors Co.'
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General Motors last night said Sichuan Tengzhong Heavy Industrial Machines (Tengzhong) was "unable to complete" the acquisition of its Hummer SUV unit. Tengzhong told news agency AFP it withdrew its offer because it could not obtain regulatory approval from Chinese authorities.
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General Motors last night said Sichuan Tengzhong Heavy Industrial Machines (Tengzhong) was "unable to complete" the acquisition of its Hummer SUV unit. "As a result, GM will begin the orderly wind-down of the Hummer operations," it said in a statement.
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General Motors Co.'s top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California.
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It is now official: Hummer will be dropping off the automotive landscape. The Chinese company Sichuan Tengzhong Heavy Industrial Machines Co. that had made a decisive offer to General Motors did not receive the go-ahead from the Chinese government. As a result, Hummer will no longer be, and GM will let it die a peaceful death.
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General Motors' brands Vauxhall and Chevrolet welcome today's announcement made by Lord Adonis and Pat McFadden in relation to the grant subsidy available for electric vehicles. GM applauds the Government's commitment to electric drivetrain technology and will continue to work closely with them to ensure the successful implementation of an EV infrastructure across the UK.
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