Magna International Inc., thwarted this week in its bid to take over General Motors Co.and#8217;s Opel unit, wonand#8217;t seek to buy another car company, co-CEO Don Walker says.
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General Motors doesn't plant to develop Volt as a brand, unlike rival Toyota whuch is considering an expanded Prius line, a senior executive has said.
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A former General Motors executive on Thursday pleaded guilty to a kickback scheme involving bulk aluminum sales that cost the automaker some US$83m.
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Workers at an Indian autoparts maker have ended a six-week strike, which had hit supplies to General Motors and Ford and caused the shutdown of some North American plants, an official at the Indian firm has said.
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General Motors has said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.
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Germany's finance minister on Friday indicated a readiness to offer General Motors aid to help restructure Opel/Vauxhall, saying the government felt a "responsibility" for the firm's 25,000 German workers.
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The head of General Motors Co.'s European business, Carl-Peter Forster, is leaving the company following the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters.
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Bob Lutz, General Motors Co.'s top marketing boss, will chair the supervisory board of GM's Opel unit and help steer a restructuring plan there now that GM has decided to retain control of the European automaker.
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Bob Lutz, General Motors Co.'
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Bob Lutz, General Motors Co.'
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Magna does not plan to seek compensation from General Motors after its decision not to sell subsidiary Opel to a consortium headed by the Canadian based supplier.
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Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown of at least two North American crossover plants.
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Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown of at least two North American crossover plants.
Full story...
As General Motors Co. expands its offering of rechargeable vehicles beyond the Volt it will not look to brand them in a way that identifies them with the highly anticipated plug-in launching next year, a senior executive said on Thursday.
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General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama.
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Magna International Inc. is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co.'s European operations, the auto parts supplier's co-CEO, Don Walker, said.
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General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama.
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General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama.
Full story...
Magna International Inc. is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co.'s European operations, the auto parts supplier's co-CEO, Don Walker, said.
Full story...
General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama.
Full story...
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