General Motors has announced a new vehicle manufacturing joint venture with China's FAW Group, primarily targeting China's fast-expanding light commercial vehicle (LCV) market.
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Argentine bank Banco Patagonia has bought the local unit of Detroit-based lender GMAC, the former financing arm of General Motors.
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General Motors has said it is still in talks with potential buyers for its German Opel unit.
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In some 70 years of car making, Toyota has never shut a major manufacturing plant - until now. But the automaker last night confirmed what had been expected for a couple of months - it would pull the plug on New United Motor Manufacturing, Inc (NUMMI), its joint venture with General Motors in Fremont, California, site of its first foray into vehicle manufacturing in the US.
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General Motors' Opel isn't in immediate danger of running out of cash despite an apparent stalemate over German government support for its possible sale.
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The Obama administration has said it was monitoring its investments in General Motors and Chrysler with an eye towards selling those stakes when possible.
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Automakers are concerned about the possible Magna purchase of Opel from General Motors and are contacting US partsmakers about diverting some business from the Canadian supplier if it succeeds.
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Talks over the sale of Opel and Vauxhall will resume on Friday between General Motors' negotiator John Smith and German state and federal ministers.
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Talks over the sale of Opel and Vauxhall will resume on Friday between General Motors' negotiator John Smith and German state and federal ministers.
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General Motors plans to stop putting the corporate 'GM' logo on its vehicles in coming model years after the recently reorganised company's management decided to put more emphasis on individual brands instead of the parent company.
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General Motors is making headway in finalising a deal to sell Hummer to Chinese machinery maker Tengzhong, a spokesman said last night.
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General Motors could clarify within 24 hours if it will keep rather than sell Opel, a German labour representative said on Tuesday morning.
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General Motors India will miss its 2010 deadline of a 10% slice of the Indian car market, the Press Trust of India reported, citing president and managing director Karl Slym.
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General Motors' advisers are recommending its board consider spurning a German-backed sale of the Opel unit to retain a bigger presence in Europe and Russia, a person familiar with the discussions was quoted as saying on Monday.
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General Motors do Brasil has now released first 'official' photos of its upcoming Agile hatchback after issuing sketches at the beginning of August.
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General Motors may sign an agreement to sell Hummer to a Chinese machinery maker this week, two sources told Bloomberg News.
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General Motors' California dealers have taken 2,400 offers to buy new vehicles through eBay in the first week of a pilot program with the e-commerce auction website.
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The German government is prepared to provide EUR4.5bn (US$6.35bn) in state aid for Opel if General Motors chooses Magna International rather than finance group RHJ to buy Opel, Deputy Economy Minister Jochen Homann said.
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A decision in principle by General Motors on who it will sell Opel to will be made by the end of the week, according to a German government minister.
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In a further sign of improving prospects for sales in the US market, General Motors has announced that it is is increasing production at several North America assembly plants.
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