Opel and the other European operations of U.S. carmaker General Motors have signaled they will unveil a plan for their future next week, German Economy Minister Karl-Theodor zu Guttenberg said on Wednesday.
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General Motors' latest restructuring plan, submitted to the US government last night, dooms about 46,000 jobs (20,000 in the US), five additional factories, the Saab, Hummer and Saturn brands, over 2,100 US dealers and could require up to another US$16.6bn in federal loans plus "funding support" from Canada, Germany, the UK, Sweden and Thailand.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
Full story...
General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
Full story...
As required by congress as a condition of GM's financial bailout, the automaker today unveiled its restructuring and viability plan in the midst of a worsening economic downturn that's left the world's automakers reeling.
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General Motors is accelerating its restructuring plans for Europe and is considering "several" plant closures or spin offs. The company also says its Saab unit could file for reorganization as early as this month.
Full story...
Let's make it clear: a Saab is not your Average Joe's car. A bit like Ferraris, each model from this Scandinavian automaker has unique little quirks which require some getting used to. Brand faithful have no problem with that, while everybody else fumes.
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Let's make it clear: a Saab is not your Average Joe's car. A bit like Ferraris, each model from this Scandinavian automaker has unique little quirks which require some getting used to. Brand faithful have no problem with that, while everybody else fumes.
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Sweden's government at the weekend dismissed a local television report that negotiations between General Motors and Sweden over carmaker Saab had broken down.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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The Audi Allroad quattro sauntered off of the North American playing field some years back, though Audi is now officially building a new A4-based Allroad model for Europe. With European availability announced from this summer, the new Allroad would do battle with the likes of elemental off-road wagons like the Subaru Outback, Volvo XC70 and the upcoming Saab 9-3x.
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Saab says their 9-3X is the 'smart all-rounder' for outdoor enthusiasts- and that said enthusiasts will get to see the new model next month. Wearing Saab's 'X' badge means a higher-than-average level of capability on all terrains and a focus on delivering the sort of all-weather, all-road confidence required of active families that play outside.
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At next month's Geneva motor show, Saab looks to provide a right-sized crossover with the introduction of the 2010 9-3X.
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SAAB has revealed the new 9-3X, which promises SUV-like off-road ability combined with the practicality of an estate.
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General Motors is restructuring its sales, marketing and aftersales operations in Europe to give its Opel, Chevrolet Europe and Saab brands more autonomy.
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Replacement for Saab executive car spied winter testing.
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With sales plummeting, and parent General Motors distracted by its home-market woes, Saab's best future is as a spun-off organization, dealers and company insiders said.
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General Motors executives meeting with retailers this weekend say they won't be able to provide many immediate answers to dealers of the three brands whose future is most in doubt.
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General Motors is preparing to turn its Saab subsidiary into a separate business, a move that will make the struggling brand more attractive to potential buyers.
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