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The company has been struggling for years to right its long-troubled German subsidiary, Opel, which has lost well over $15 billion since 1999. Opel's problems are a microcosm of the problems experienced by the European auto market as a whole: too
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GM's Opel unit is exploring ways the two companies can work together to reduce risk, cut costs and pursue growth opportunities that would be more difficult to seek alone, these people said. One focus is collaborating in small-car technologies,
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Volkswagen halted production in Germany of its Passat cars this week as part of a wider move to cut its group output target for the year by about 300,000 vehicles because of the European market slump, company sources said. The global production
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General Motors reaffirmed its commitment to its ailing European arm Opel, rejecting on Friday speculation it might be interested in disposing of the loss-making brand to rival Fiat. "Opel is not for sale. GM fully stands behind Opel," GM Vice
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October 3, 2012 The Opel logo can be seen at an Opel dealership in the western German city of Bochum in this file photo. Opel is in negotiations to close a core plant in Bochum due to sales dropping 18.9 percent compared to last year. (Patrik
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William Ackman, Chief Executive Officer of Pershing Square Capital Management LP talks to reporters before entering the AGM of Canadian Pacific Railway Ltd...Activist investor William Ackman pressed for Procter & Gamble Co Chairman and Chief
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Yet her answer to what she can add to the carmaker Jaguar's image is demure. "I don't add anything they don't already have," the singer purrs before her minder pulls her away. Jaguar can only hope the modesty of the star act at the private pre-launch
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Rating In Summary Some tips from Samuel Wangatia for Finance Minister Njeru Githae on how to raise the extra cash to pay for the higher salaries being demanded by teachers and civil servants. Parents should consider pressing charges against the
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The US Treasury is holding onto its investment in General Motors Co as Wall Street expects the stock to rise in the future due to a roll-out of several new vehicles, people familiar with Treasury's thinking said. While the government does not have a
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40 out of 5 stars BMW certainly hasn't rushed to join the four-door coupe bunfight. Used Car Reviews Rating: 30 out of 5 stars The 4x4 is a class act off-road, but it's big and thirsty and its reliability has been called into question.
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