US Treasury Gives GM $2 Billion
27 Apr 2009, 08:18 UTC · By: Bogdan Popa / The United States Treasury department agreed to direct up to $2 billion in state loans to General Motors, the American car manufacturer who is likely to get up to $5 billion in government funds, acc...
GM Cuts 20% of Its Marketing Staff
26 Apr 2009, 17:13 UTC · By: Daniel Patrascu / After US automakers GM and Chrysler announced at the beginning of this year their intention to cut off a significant percent of the marketing budget, the two companies finally got to this part of th...
GM Confirms It Will Idle 13 Plants
24 Apr 2009, 08:46 UTC · By: Daniel Patrascu / Following yesterday's reports that GM's American plants will be closed down this summer, in order to cut costs and reduce car inventory, the official confirmation came yesterday, as the ma...
Pontiac's Final Days
24 Apr 2009, 08:41 UTC · By: Daniel Patrascu / The cat and mouse game between media/inside sources on one hand and GM officials on the other continued today with the favorite topic these past two weeks: the fate of GM's brand. Today, Pontia...
GM's Hamtramck Plant to Take 6 Weeks Break
23 Apr 2009, 18:00 UTC · By: Daniel Patrascu / As we told you earlier today, sources with a closer insight on GM’s future plans claimed that the American manufacturer is planning the closure of most of its US based plants sometimes this su...
Fiat Submits Bid for Opel
23 Apr 2009, 15:44 UTC · By: Daniel Patrascu / With a swift blow to Chrysler's groin, Fiat has submitted an offer to take over Opel, one of GM's brands. Or at least this is what recent reports claim, backed by Klaus Franz's, chair...
Rumor: GM to Temporarily Close Most US Plants
23 Apr 2009, 07:23 UTC · By: Daniel Patrascu / It appears GM is in for a very long summer, as sources familiar with the survival plan being drafted by the American manufacturer claim most its factories in the US will be closed for a period of up...
GM Denies Buick Selling Rumors, Expects Stronger China Sales
22 Apr 2009, 14:48 UTC · By: Bogdan Popa / General Motors' Asia-Pacific chief, Nick Reilly yesterday denied rumors claiming that the American car giant is interested in selling the Buick unit to SAIC, confirming that this particular bra...
GM to Fire 1,600 US Workers This Week
21 Apr 2009, 15:30 UTC · By: Bogdan Popa / General Motors continues its fight for survival and today announced that as part of its attempt to reduce workforce and save costs, around 1,600 workers will be fired this week. The plan was announc...
Chinese Buyers Interested in Opel, 500M Euros Minimum Expected
21 Apr 2009, 13:03 UTC · By: Bogdan Popa / Opel's soap-opera continues with a new episode, this time involving Chinese companies who are reportedly interested in buying GM's German unit. According to a report by Autonews, sources f...
Shanghai Brand Fuel Cell Vehicle Joins Equinox Fuel Cell
21 Apr 2009, 12:08 UTC · By: Daniel Patrascu / The confusing title you read above is no brainchild of ours, but the name given by Chinese SAIC to their Equinox counterpart: Shanghai Brand Fuel Cell Vehicle. The car, powered by GM's fourth-g...
Chevrolet Says "Nein" to Frankfurt
21 Apr 2009, 09:18 UTC · By: Daniel Patrascu / GM is slowly but surely slipping the public's mind as an automotive manufacturer, as its battle for survival grows ever stronger. Using pretexts such as "we have nothing new to present at ...
Saab Showcases Its Operations to Investors
17 Apr 2009, 14:36 UTC · By: Daniel Patrascu / Tired or not of Saab's story, there is no getting around the Swedish manufacturer. The ever growing number of investors who are supposedly taking interest in GM's unwanted brand are now be...
GM CEO Henderson Won't Attend Shanghai Auto Show
17 Apr 2009, 13:12 UTC · By: Bogdan Popa / The newly-appointed General Motors CEO Fritz Henderson won't attend the upcoming Shanghai Auto Show, a company spokesman said was quoted as saying today. The main reason for this decision is th...
GM Denies Plans to Scrap Pontiac, GMC
17 Apr 2009, 06:48 UTC · By: Daniel Patrascu / The struggling American manufacturer GM stepped forth yesterday and denied reports which surfaced about its plans of ending franchise agreements of poorly performing dealerships as well as getting r...
GM May Scrap Pontiac, GMC
16 Apr 2009, 15:00 UTC · By: Daniel Patrascu / Most of us know by now that GM is planning, as part of its restructuring scheme, to split in two, separating the good brands it manages from the bad ones. Whether it will go into bankruptcy (the mos...
Saab, Investors' El Dorado...
16 Apr 2009, 09:13 UTC · By: Daniel Patrascu / ...or plain and simple wishful thinking. Or perhaps a marketing stunt, given the fact that the brand is up for sale. We will probably never now, but at least the Swedish manufacturer keeps us up to ...
GM, Ford Offers $50 Voucher for Testdriving Cars
16 Apr 2009, 08:33 UTC · By: Bogdan Popa / Or how desperate the American companies have become following the impact of the economic chaos... Both General Motors and Ford today announced a new campaign aimed at bringing more visitors into the...
GM to Close 1,700 Dealerships by June 1st
16 Apr 2009, 08:09 UTC · By: Daniel Patrascu / The inevitable June the 1st deadline, as well as the "under the table" talks of Chapter 11, had the effect the US government both hoped for and expected: GM throttles up restructuring. The...
Cadillac Converj Will Be. Or Will It Not?
15 Apr 2009, 09:36 UTC · By: Daniel Patrascu / General Motors' Chevrolet Volt inspired Converj appears to have received the go ahead to enter production, with the goal set to make its first road trip as soon as 2011, according to sources q...