GM Makes Final Exchange Offer
28 May 2009, 14:47 UTC · By: Daniel Patrascu / General Motors, heavily supported by the US Treasury Department is now trying to make a last ditch effort to save itself from a long and costly bankruptcy process. After the initial exchange offer b...
GM Preps for Section 363 Sale
28 May 2009, 14:44 UTC · By: Daniel Patrascu / With a final decision regarding its future only days away, American manufacturer GM has started setting up scenarios to see how the company can exit bankruptcy as fast and as safely as possible. The...
GM Admits Defeat from Lenders
28 May 2009, 07:00 UTC · By: Daniel Patrascu / General Motors has officially confirmed that it did not manage to swap the $27 billion debt for shares in the new company. The confirmation came as a result of the expiration of the exchange offer, ...
No Winner on Opel Lottery
28 May 2009, 06:57 UTC · By: Daniel Patrascu / The months of talks, bids and threats regarding the future of German manufacturer Opel have accounted for nothing so far, as the talks held yesterday between the involved parties have not reach any ...
Cadillac SRX Crossover, CTS Sport Wagon Come This Summer
27 May 2009, 12:29 UTC · By: Daniel Patrascu / Despite talk of bankruptcy, GM is planning to release two new Caddys this summer, as if releasing new vehicles onto the luxury segment of the market is just the manufacturer needs to get out of trou...
GM to Save 2 Plants Sentenced to Death
27 May 2009, 10:31 UTC · By: Bogdan Popa / Following the agreement General Motors has reached with the United Auto Workers (UAW), the American automaker will save two factories targeted for closure. According to the terms of the agreement, G...
GM Bondholders Reject Offer, Bankruptcy Likely
27 May 2009, 10:28 UTC · By: Daniel Patrascu / As we told you earlier today, the deadline set for GM's bondholders (to accept or decline the swap of a $27 billion for a 10 percent stake in the reorganized company), came and went last night....
The General's Final Days
27 May 2009, 06:51 UTC · By: Daniel Patrascu / General Motors is now going through its final days, as the deadline set by the US government looms ever closer. The manufacturer has one major obstacle ahead, an obstacle no one yet knows if it has ...
2009 Tokyo Motor Show Loses Porsche, Maserati
25 May 2009, 08:56 UTC · By: Bogdan Popa / Following last week's announcement that no less than 22 manufacturers will not attend the upcoming 2009 Tokyo Motor Show, here are two new names that confirmed they won't show up at the ev...
US Gives GM Another $4 Billion Loan
25 May 2009, 08:30 UTC · By: Bogdan Popa / With a bankruptcy filing rumored to be announced as soon as this week, General Motors confirmed it received another $4 billion from the US Treasury, which raises the total loan it received in the Un...
GM, UAW Reach Tentative Agreement
24 May 2009, 21:12 UTC · By: Bogdan Popa / General Motors today announced it has reached a tentative agreement with the United Auto Workers (UAW) which is regarded as a major step towards a successful restructuring process started by the Ame...
Main Street Bondholders Call for a Seat at the Table
22 May 2009, 14:45 UTC · By: Daniel Patrascu / The prospects of the second American manufacturer entering bankruptcy next week has raised concerns with all the parties involved. The Main Street Bondholders Coalition, a union of GM's small b...
How Satellite Radio Works
22 May 2009, 14:48 UTC · By: Bogdan Popa / Technology evolves a lot nowadays and, at the same time, consumers have bigger expectations from all the things they buy. Including cars. And today's automakers continuously struggle to design ...
Germany Wants Magna
22 May 2009, 12:28 UTC · By: Daniel Patrascu / Despite the confident stance Fiat's CEO Sergio Marchionne has about his company's bid for Opel, it would appear the German officials are leaning towards Magna when talking about who submit...
GM Reaches UAW Agreement, Lenders Await
22 May 2009, 12:25 UTC · By: Daniel Patrascu / One minor step for GM, yet in the right direction. The American manufacturer now operating with next week's sword over head has come to an agreement with the UAW, eliminating one of the obstacl...
General Motors Cuts Almost a Half of Canadian Dealers
22 May 2009, 10:34 UTC · By: Bogdan Popa / Following its announcement that it will reduce the count of US dealerships by almost 1,100, General Motors also takes action in Canada by announcing a similar measure. This time, the American manufa...
US Prepares to Send GM into Bankruptcy
22 May 2009, 09:45 UTC · By: Bogdan Popa / What was only a rumors is slowly becoming reality as a new report, backed by sources close to the matter, is now hinting that the United States government is getting ready to push General Motors int...
Cadillac, Hummer and Saab Head Quits GM
22 May 2009, 07:58 UTC · By: Bogdan Popa / Mark McNabb, vice president of General Motors Corp.'s Cadillac, Hummer and Saab units is leaving General Motors, the American automaker announced in a release. The reason? McNabb decided to see...
GM's OnStar Gets Injury Severity Prediction
21 May 2009, 06:30 UTC · By: Bogdan Popa / It seems like the almost-bankrupt American manufacturer General Motors is really keen on improving its popular in-vehicle safety system OnStar as the company announced a new feature today - two diff...
GM Promises 15 Percent Better Economy with HCCI Engine
20 May 2009, 14:54 UTC · By: Bogdan Popa / General Motors still struggles to tackle the market chaos in key areas and developing new, fuel efficient technologies to reduce fuel consumption seems to be the best way to do it. Well, the America...