Auto News 5

General Motors and the Koenigsegg Group, Sweden's supercar producer, have signed a binding agreement over the sale of Saab Automobile. Full story...

General Motors is increasing production at several North America assembly plants in response to increased sales. The company will add shifts, overtime and reinstate forecasted down weeks at select facilities. As a result, GM will add about 60,000 vehicles in the third and mainly the fourth quarter production forecast, ensuring a wide selection of high-quality, fuel efficient cars, crossovers and trucks for customers. Full story...

Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab's future. Saab Automobile plans to exit legal reorganization shortly. Full story...

Magna International Inc. says it has reached an agreement in principle to buy a controlling stake in General Motors Co.'s Opel/Vauxhall unit, but GM is not rushing into a decision. Full story...

General Motors Co. will invest $43 million to create a plant in Michigan where it will build lithium-ion battery packs for its Chevrolet Volt and other electric vehicles. Full story...

German Chancellor Angela Merkel said on Thursday a German task force would decide this weekend on bids for Opel, but could not rule out a difference of opinion with the carmaker's parent company General Motors Co. Full story...

German Chancellor Angela Merkel said on Thursday a German task force would decide this weekend on bids for Opel, but could not rule out a difference of opinion with the carmaker's parent company General Motors Co. Full story...

General Motors Co. Full story...

Magna International Inc. and its Russian partner Sberbank have reached an agreement with the management of General Motors to acquire a 55 percent stake in GM's Opel unit, Magna Co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached an agreement in principle with General Motors' management over a contract to buy a stake in GM's Opel unit, Magna Co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached agreement in principle with General Motors Co. management over a contract to buy 55 percent of GM's Opel unit, Magna's co-CEO Siegfried Wolf said. Full story...

Magna International Inc. and its Russian partner Sberbank have reached an agreement in principle with General Motors' management over a contract to buy a stake in GM's Opel unit, Magna co-CEO Siegfried Wolf said. Full story...

General Motors has said it will export Chinese-made minivans to other emerging markets, reflecting China's increasingly central role in its business. Full story...

The new Camaro sports coupe and the redesigned Equinox SUV could help propel the Chevrolet brand to its first year-over-year sales increase since January 2008, General Motors Co.'s top U.S. sales executive says. Mark LaNeve, vice president of U.S. Full story...

American Axle and Manufacturing Holdings Inc., beleaguered by low production levels this year at its largest customer General Motors, made an interest payment of just over $6. Full story...

General Motors CEO Fritz Henderson acknowledged Tuesday in a live Web cast that the automaker was indeed behind the mysterious, unbranded Web site Full story...

General Motors CEO Fritz Henderson acknowledged Tuesday in a live Web cast that the automaker was indeed behind the mysterious, unbranded Web site whatis230. Full story...