Obama Lives in a Yellow Submarine, Is Full of Hope for GM and Chysler
30 Apr 2009, 10:15 UTC · By: Tudor Raiciu / While GM and Chrysler are in limbo over the Chapter 11 bankruptcy law, President Barack Obama yesterday expressed his growing optimism concerning the two US carmakers. Apparently, his sudden mor...
GM Lends Dealers a Hand...
30 Apr 2009, 10:32 UTC · By: Daniel Patrascu / ...or at least a finger. As a result of the manufacturer's decision to step up the closure of 2,641 dealers in 18 months instead of the initial 5 years (most of them for the soon to be extinct ...
Geely Visits Saab, Hints at Potential Agreement
30 Apr 2009, 09:30 UTC · By: Bogdan Popa / After months of uncertainty regarding Saab's future, here we have the first official name that might become Saab's long-desired parent in the near future: Chinese auto group Geely has visi...
The Good Samaritan: Magna's Stronach Wants Only to Help Opel
30 Apr 2009, 09:12 UTC · By: Tudor Raiciu / If you've been reading our reports, you must have heard the rumors that Opel is being disputed by Magna International and Russian oligarch Oleg Deripaska on one side and sneaky Fiat on the othe...
GM Bondholders Submit Own Plan
30 Apr 2009, 08:00 UTC · By: Daniel Patrascu / GM's new survival plan, presented at the beginning of the week along with the manufacturer's debt for equity, has displeased its bondholders in such an extent that now they have drafted th...
GM to Continue Opel Negotiations Till May, Hints at Possible Sale
29 Apr 2009, 15:26 UTC · By: Bogdan Popa / There are a lot of rumors surfacing these days when it comes to GM's German unit Opel but, according to General Motors' new CEO Fritz Henderson, negotiations regarding a potential investme...
Killing Saturn Equals Killing Hybrid Sales
29 Apr 2009, 14:19 UTC · By: Bogdan Popa / According to the most recent rumors, General Motors plans to shed Saturn by the end of the year unless it founds an outside investor willing to buy the ailing company. But what's interesting is...
NADA to GM: Bad, Bad GM
29 Apr 2009, 10:45 UTC · By: Daniel Patrascu / As a result of the announcement made by American manufacturer GM regarding its plans to scrap Pontiac and perhaps even Saturn, as well as the decision to severely slash its dealer network, the Natio...
Fiat vs. Magna in Opel Majority Stake
29 Apr 2009, 10:09 UTC · By: Bogdan Popa / Although nobody knows for sure whether the German automaker Opel can get through the crisis as an independent company or under General Motors' umbrella, Fiat and Magna are now challenging one a...
Troubled by Pontiac's Axing Holden Eyes US Police Force
29 Apr 2009, 08:57 UTC · By: Tudor Raiciu / With General Motors phasing out Pontiac, the Australians from Holden forgot for a moment about the shrimp on the barbie and realized that they were in deep... misfortune. As strange as it might soun...
GM Exchange Offers Get Approval in Europe
29 Apr 2009, 08:45 UTC · By: Daniel Patrascu / The public exchange offers made by General Motors, which have stirred numerous complaints from its bondholders have been approved in Europe, as the United Kingdom Listing Authority has given the gre...
GM's Bankruptcy, Attorneys' Heaven
29 Apr 2009, 07:17 UTC · By: Daniel Patrascu / How do you call a bunch of dead lawyers on the bottom of the ocean? A good start...Ok, that's perhaps one of the worst lawyer jokes out there. But it's about what the American taxpayers wi...
GM Bondholders Cry Foul Play
28 Apr 2009, 15:43 UTC · By: Daniel Patrascu / As we told you earlier today, GM has posted yesterday its public exchange offer for $27 billion of its unsecured public notes. As was to be expected, the bondholders came together in an ad-hoc commi...
GM Confirms It Expects Chapter 11
28 Apr 2009, 13:37 UTC · By: Daniel Patrascu / Alongside with the new survival plan submitted by the American manufacturer yesterday, GM has also launched its "public exchange offers for $27 billion of its unsecured public notes". As p...
Germany Eyes Magna for Opel Investment
28 Apr 2009, 12:20 UTC · By: Daniel Patrascu / The German Economy Minister Karl-Theodor zu Guttenberg is meeting today representatives of Magna to discuss a possible investment of the company in GM's Opel. This comes as a result of a possib...
General Motors Speeds Up Saturn Shutdown
28 Apr 2009, 10:42 UTC · By: Bogdan Popa / Even if the future of the company is yet to be decided, General Motors is now speeding up efforts to build the last models under the Saturn brand in a broader attempt to shed the asset by the end of...
Autoevolution Poll Shares Apocalyptic Vision: GM Will Go Bankrupt
28 Apr 2009, 09:34 UTC · By: Tudor Raiciu / Things are not looking good for the once sales leader in the automotive world and our readers seem to think the same. Following the numerous reports last week concerning General Motors and the bleak...
GM Plans New Toyota Joint Product to Replace Pontiac Vibe
28 Apr 2009, 09:23 UTC · By: Bogdan Popa / Since Pontiac's future has already been decided, General Motors started seeking solutions to ensure a smooth production end for all models previously marketed under this particular brand. B...
GM Makes Tough Labor and Production Cuts
27 Apr 2009, 14:07 UTC · By: Daniel Patrascu / Apart from the drastic, yet somewhat to be expected measures taken by GM in regard to its brands and future business plans, the American manufacturer has also outlined the measures it will take to s...
Confirmed: Pontiac is Dead, GM Drafts New Survival Plan
27 Apr 2009, 13:54 UTC · By: Daniel Patrascu / Following weeks of rumor-denial-rumor regarding the future of its brads, dealerships and even personnel, GM finally made public their survival plan for 2009. Simply put, under the "GM Accelerat...