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General Motors Co. will likely shut down its Saab division after a buyer for the struggling Swedish automaker backed out at the 11th hour. Saab's suitor, Swedish sports car manufacturer Koenigsegg Group AB, was expected to complete the acquisition by...
Tags: Swedish Saab, Saab Automobile, Saab Deal Falls Through, Koenigsegg Group AB, Christian von Koenigsegg, General Motors Co., sports cars, buy saab, Sweden, Stockholm, General Motors, Business Finance, Car manufacturers, Saab, Koenigsegg, Automotive industry, Opel, Saturn Corporation, Bᅢᆬrd Eker, General Motors Europe, Sports sedans, Saab 9-5, Sedans, Health Medical Pharma, Beijing Automotive Industry Holding Corporation, Hummer, Sichuan Tengzhong Heavy Industrial Machinery Company, Compact cars, Saab 900, Trollhᅢᄂttan Assembly
General Motors GM.UL will present labor leaders at European arm Opel a reorganization plan on Wednesday that envisions cutting nearly a fifth of the workforce, GM's acting European head said. The plan calls for eliminating between 9,000 and 9,500 jobs,...
Tags: General Motors GM, Adam Opel GmbH, Nick Reilly, General Motors Co, job cuts, Germany, Bochum, Opel, General Motors Europe, Opel Performance Center, Car manufacturers, Magna International, General Motors, Angela Merkel, Business Finance, Hatchbacks, Vauxhall Motors, Environment
In a strongly worded statement, Günter Verheugen, the European Commission’s Vice-President and Commissioner for Enterprise and Industry, Neelie Kroes, the Competition Commissioner, and Vladimir Spidla, the Employment Commissioner, said that pitting member...
Tags: GM's Adam Opel GmbH, Brussels GM, GM Europe, General Motors Co., General Motors Europe, European Union, European Commission, International Operations Nick Reilly, financial aid, billion euro, Belgium, Brussels, Opel, Vauxhall Motors, Business Finance, Car manufacturers, Magna International, General Motors, Sberbank, Automotive industry, Angela Merkel, Politics, Gᅢᄐnter Verheugen, Automotive industry crisis of 2008¬タモ2009, General Motors Chapter 11 reorganization, Euro, Zᅢᄐrich, Neelie Kroes, Opel Performance Center, Environment
General Motors raised union hopes that there could be fewer redundancies at Vauxhall now the US parent company has decided not to sell the historic car marque. Meetings between GM executives, the Government and trade unions yesterday were described as...
Tags: UK Vauxhall, General Motors Co., Europe, Nick Reilly, european operations, job cut, United Kingdom, London, Vans, Opel, General Motors Europe, Renault, Peter Mandelson, Labor, Business Finance, Car manufacturers, General Motors, Magna International, Luton, Tony Woodley, Vauxhall Motors, Ellesmere Port, Irish Sea, Reilly, Restructuring, Automotive industry crisis of 2008¬タモ2009, Automotive industry, Transport in Portugal, Transport in Sweden, Transport in the Netherlands, Earnings before interest taxes depreciation and amortization, Goldman Sachs, Arriva, Transport in Germany, Transport in Italy
General Motors, the American car giant driven to bankruptcy by the global recession, will begin paying back bailout money from the US government as early as next month. The company said it lost $1.2bn in the period from July, when it emerged from bankruptcy...
Tags: GM Reports Progress, General Motors Co., generated motors, government loans, U.S, beginning repay, gm posts, Detroit, GMC, General Motors Chapter 11 reorganization, Effects of the 2008-2009 automotive industry crisis on the United States, Car manufacturers, Chevrolet, General Motors, Business Finance, Electrification, Automotive industry crisis of 2008¬タモ2009, GMAC, Bailout, economics, Electric vehicles, Politics, Bond, Economic history of the United States, Big Three, Frederick Henderson, Toyota, Ford Motor Company, Rick Wagoner, Opel, Automotive industry
This copy is for your personal, non-commercial use only...The European Union's push into a regulatory overhaul is going too quickly and the current deadline of Dec...In a report, the committee said the government should veto the plan if crucial changes...
Tags: U.S, General Motors Corp., General Motors Co., CBI, retail sales, Germany, Tarp, Banking in the United States, Troubled Asset Relief Program, United States Department of the Treasury, Business Finance, Gupta, Social Issues, Infosys, Technology Internet, BSE Sensex, Companies based in Bangalore, Economy of Bangalore, Entrepreneurship, Business process, Sales, allnews, Car manufacturers, General Motors, GMAC, Loan, Hitachi Ltd., CIT Group, Bankruptcy, Refinancing, Credit, Insolvency law, Debt
General Motors Co.'s Buick , the premium brand whose buyers are older than the U.S. average, is courting younger consumers by reviving the Regal name on an Opel sports sedan. The Germany-built Regal will go on sale in the second quarter, GM said before...
Tags: Buick Regal, Buick GMC, General Motors Co., Buick LaCrosse, U.S, Detroit, General Motors, Buick, Flint Michigan, Opel, Chevrolet, Business Finance, Car manufacturers, Sedans, Coupes, GM Epsilon platform, Opel Corsa, Station wagons, Chevrolet Cruze, Chevrolet Malibu, Mid-size cars
Chief Executive Fritz Henderson has the board's backing, and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said. "It's conceivable we could pay back some of the loans before the end of the year,"...
Tags: General Motors Co., Ed Whitacre, Edward Whitacre Jr., Mr Whitacre, gm chairman, U.S, chairman ed, Texas Lutheran University, government loans, Detroit
A week after angering German politicians and labor leaders by calling off plans to sell Opel to a group backed by Berlin, senior General Motors executives promised more independence for the European unit. “We’re committed to making the business work,”...
Tags: Merkel Says GM Has, GM International Operations, New GM, GM Daewoo, Opel, Nick Reilly, Angela Merkel, Sberbank, General Motors Co., chief executive
In a major speech to parliament, Merkel listed five areas considered crucial by her government of her conservative Christian Democrats (CDU), their CSU Bavarian allies, and the pro-business Free Democrats (FDP). �The new government will lay the groundwork...
Tags: GM for Opel, Angela Merkel, GM CEO Henderson, General Motors Co., Germany, Adam Opel GmbH, merkel pressed, reliable concept