General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring.
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Fritz Henderson has resigned as General Motors CEO, the automaker said on Tuesday. Henderson will be replaced by board chairman Ed Whitacre.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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Production increases planned for the first quarter by General Motors Co. and Ford Motor Co. are giving hope to the depressed auto parts sector.
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General Motors Co. today said a former Ford Motor Co. executive will run the Buick and GMC brands. Michael D. Richards, 52, worked for Ford for 27 years before leaving in 2008.
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General Motors on Wednesday is expected to announce that the rollout of the Chevrolet Volt plug-in hybrid will take place in selected U.S. markets--not as a national launch.
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Saab Automobile on Tuesday faced the threat of closure as the General Motors board met on Tuesday (1 December, 2009) to hammer out plans after a deal collapsed to sell the Swedish brand.
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General Motors Co. tomorrow is expected to announce that the rollout of the new Chevrolet Volt plug-in hybrid will take place in selected U.S. markets -- not as a national launch.
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General Motors Co. said it has received and#8220;expressions of interestand#8221; in its Saab brand, and that the GM board will evaluate potential bids by the end of December.
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General Motors Co. said this afternoon that it has received and#8220;expressions of interestand#8221; in its Saab brand, and that the GM board will evaluate potential bids by the end of December.
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General Motors has regained full control over its Opel unit after paying back a EUR1.5bn (USD2.25bn) emergency loan including interest, and dissolving a trust that held a 65% stake in the European carmaker.
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As part of the consultation process commenced at a European employee forum meeting last week, the General Motors Manufacturing (GMM) facility in Luton - which builds commercial vans in a joint venture with Renault - has now begun its own period of consultation between unions and local management, GM said on Monday.
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Beijing Automotive Industry Holding Corp (BAIC) general manager Wang Dazong has said the Chinese automaker might still be interested in buying General Motors' Saab unit.
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Twelve vehicles will make world debuts this week at the Los Angeles auto show. Many are slightly altered versions of vehicles in production outside North America and of previously seen concepts.
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The EU Commission has invited General Motors and economic ministers from EU countries with Opel/Vauxhall plants to meet in Brussels on Monday (November 23) to discuss the company's restructuring plans for Europe.
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Recent media reports in Germany may have muddied the waters a tad, but General Motors' European reorganisation is a constituent part of GM's broader international reorganisation this year.
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General Motors will launch a big incentive program on each of its four brands starting Nov. 18.
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General Motors Co. will launch a big incentive program for its four surviving U.S. brands this week in a bid to flush out excess 2009 inventory that has been keeping GM's per-vehicle incentive spend the highest in the industry.
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General Motors Co. posted a $1.15 billion loss during the third quarter after its exit from bankruptcy and said reduced costs and strengthening sales would allow it to begin repaying $6.7 billion in U.S. loans.
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