Opel could still face insolvency despite a preliminary deal the German government struck to rescue General Motors' European unit, German Economy Minister Karl-Theodor zu Guttenberg said on Tuesday.
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General Motors CEO Fritz Henderson today said that executive leadership changes are coming this year.
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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Delphi Corp. today received final approval to tap former parent General Motors for access to $250 million in funding that is expected to support the supplier until it can emerge from nearly four years of bankruptcy. U.S.
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General Motors is looking to sell three brands and kill off one, Pontiac. And which brand was overwhelmingly named by consumers in a recent survey as the one they'd like to live on? Pontiac.
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General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive.
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General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive.
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General Motors' former global purchasing boss, Bo Andersson, who quit GM abruptly last Friday, the first senior executive to leave since the company filed for bankruptcy protection, will become chairman of GAZ, the carmaker owned by Russian billionaire Oleg Deripaska.
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Koenigsegg Automotive, General Motors' first choice to buy Saab, makes million-dollar sports cars that some car enthusiasts call the "world's fastest," says an executive at one of the specialty Swedish automaker's three licensed U.S. stores.
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Buyers of million-dollar supercars made by Koenigsegg, which has agreed to buy General Motors' Saab brand, often take private jets to the Swedish automaker's headquarters -- a former home for Saab Gripens planes.
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Private equity group Ripplewood will step in with a bid for General Motors' Opel and Vauxhall divisions in Europe if Magna International's bid fails, The Times reported today.
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Swedish sportscar maker Koenigsegg is to rescue Saab with funds from the European Investment Bank guaranteed by the Swedish government, General Motors Europe announced on Tuesday.
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General Motors Europe said on Tuesday a preliminary agreement had been reached to sell the company's loss-making Swedish unit Saab to luxury carmaker Koenigsegg.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Sweden's Koenigsegg Group AB, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
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Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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