Sberbank and Magna may not finalise a deal to buy Opel as they have not yet agreed to new conditions of the deal outlined by General Motors, the Kommersant business daily reported on Monday.
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General Motors and Tengzhong will begin talking with regulators this week in a bid to obtain Chinese government approval for the little known machinery maker to buy the Hummer brand by the end of September, a GM spokesman said today.
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General Motors on Monday (29 June) said it would suspend production at its assembly plant in St. Petersburg from Wednesday until 31 August.
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Opel has hundreds of millions of euros in cash and is ahead of its sales targets to the end of May, Fred Irwin,the head of the German trust overseeing the General Motors unit, said.
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General Motors and China's Tengzhong will begin talking with regulators this week in a bid to obtain government approval for Tengzhong to buy the Hummer brand by the end of September, a GM spokesman said today.
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General Motors said on Monday it would halt car production at its Russian plant in St Petersburg for two months due to poor demand.
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Fiat's existing bid for General Motors' Opel is its best offer, CEO Sergio Marchionne said amid conflicting reports about the status of Magna International Inc.'s deal for the German carmaker. "I don't believe we could improve Fiat's offer.
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General Motors has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.
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"As part of its long-term viability plan, General Motors has decided that its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyotawill not be a part of the 'New GM'. After extensive analysis, GM and Toyota could not reach an agreement on a future product plan that made sense for all parties."
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General Motors has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.
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General Motors has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy. Full story…
The potential buyer of General Motors' Hummer division will begin formal talks with Chinese regulators on Monday in an effort to win approval for its acquisition, The Wall Street Journal reported.
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Fiat's existing bid for General Motors' Opel is its best offer, CEO Sergio Marchionne said amid conflicting reports about the status of Magna International Inc.'s deal for the German carmaker. "I don't believe we could improve Fiat's offer.
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Fiat's existing bid for General Motors' Opel is its best offer, CEO Sergio Marchionne said amid conflicting reports about the status of Magna International Inc.'s deal for the German carmaker. "I don't believe we could improve Fiat's offer.
Full story...
Fiat's existing bid for General Motors' Opel is its best offer, CEO Sergio Marchionne said amid conflicting reports about the status of Magna International Inc.'s deal for the German carmaker. "I don't believe we could improve Fiat's offer.
Full story...
The choice to produce General Motors' new small car at its plant in Orion Township, Mich., though political by nature, did not involve the presidential auto task force, GM North America President Troy Clarke said today.
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General Motors has not found a vehicle it could produce at a joint-venture factory it operates with Toyota Motor Corp. in California, a senior GM executive said today. Troy Clarke, GM's president of North American operations, said that the U.S.
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General Motors dealers and car-accident litigants would get continuing access to state courts if dozens of states can influence the Obama administration to amend its bankruptcy plan.
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China's top economic planning agency is likely to reject Sichuan Tengzhong's bid to buy the Hummer brand from bankrupt General Motors, state radio reported on Thursday.
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General Motors and Magna International Inc. hope to close the sale of a majority stake in GM's Opel by the middle of September, ahead of Germany's general elections, an Opel supervisory board member told Reuters today.
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