The recently restructured 'new Opel/Vauxhall' unit of General Motors, based in Rüsselsheim, Germany, will use country-specific branding, streamline and cut costs, launch new models into new market niches and explore export opportunities outside Europe, CEO Nick Reilly told employees in a memo on Monday.
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General Motors declined to comment on speculation today (18 January) that private investment firm Genii Capital could make a joint bid with Dutch sports carmaker for troubled Swedish subsidiary Saab.
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The steady drip of information on General Motors Europe's upcoming redesigned 2010 Meriva B-segment minivan/MPV continued on Monday with the release of the first 'official' interior photos which show greatly improved styling and materials qualilty plus new colours.
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Roger Penske, chairman of the second largest US auto dealer company, Penske Group, and a recent bidder for General Motors' Saturn unit, is considering buying GM, Chrysler and Ford dealerships but said the Detroit three and their retailers needed stronger support from finance partners.
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GM Daewoo, the South Korea-based unit of General Motors, expects to return to profitability in 2010, company president and chief executive Mike Arcamone told the Reuters News Agency.
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Ford CEO Alan Mulally and General Motors' chairman and CEO Ed Whitacre have agreed to work together to support the car industry, Mulally told the Automotive News World Congress in Detroit.
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General Motors is now focused on profit rather than global domination by volume, vice chairman Bob Lutz said in Detroit this week.
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Ford CEO Alan Mulally has played down media suggestions he might leave for General Motors, insisting he would only quit if he stopped enjoying his current job.
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The General Motors Foundation today approved an immediate $100,000 contribution to the American Red Cross relief fund to help earthquake-stricken Haiti. GM also has provided a direct web-link that employees can conveniently access from their desktop work stations to contribute personally to the Red Cross disaster fund.
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General Motors on Tuesday afternoon (12 Janaury) named Stephen Taylor and Peter Torngren as wind-down supervisors of Saab, jointly replacing the CEO and board immediately. The move came hours after the first Swedish-made convertible left the company's Trollhattan assembly line.
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General Motors on Tuesday afternoon (12 Janaury) named Stephen Taylor and Peter Torngren as wind-down supervisors of Saab, jointly replacing the CEO and board immediately.
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Two key European auto industry chiefs have predicted a tough 2010 lies ahead. Ford of Europe chief executive officer John Fleming said he expected sales to fall by as much as 2m units as countries end scrappage incentive programmes while General Motors' European chief Nick Reilly thought industry-wide sales in western Europe would fall by up to 14% for the same reason.
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One of General Motors' Chinese joint ventures, Shanghai GM, has launched the Chevrolet New Sail sedan, claiming it's the first passenger car "created" in China by a Sino-foreign joint venture.
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Ed Whitacre, the tall Texan in charge of General Motors, told reporters at the Detroit show last night that the company would repay the balance of its US$6.7bn government loan by the end of June.
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Unsurprisingly, a large number of small car launches from top automakers, including Ford and General Motors, highlighted the first media day of the 2010 NAIAS in Detroit.
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International sales of General Motors' Chevrolet nameplate will overtake those in the home US market over the next couple of years, according to a top executive.
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A surprise new player last night announced a bid for Saab in partnership with Formula One racing supremo Bernie Ecclestone, prompting the General Motors board to add at least a day to its deadline. And a new Swedish group also emerged as a prospective buyer. GM also said today that it has appointed a firm to supervise the Saab wind-down.
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A surprise new player last night announced a bid for Saab in partnership with Formula One racing supremo Bernie Ecclestone, prompting the General Motors board to add at least a day to its deadline. And a new Swedish group also emerged as a prospective buyer.
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General Motors today made the first lithium-ion battery for its upcoming Chevroler Volt at its new Brownstown factory.
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Toyota Motor said on Wednesday it sold 21% more cars year on year in China in 2009, well behind General Motors' 67% gain and Changan Ford Mazda's 54.5%.
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