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...
Standard and Poor's Raises Ford's Rating, Expects Bad Year
14 Apr 2009, 14:54 UTC · By: Daniel Patrascu / While over the weekend rating provider Standard and Poor's lowered its ratings for struggling manufacturers GM and Chrysler, not the same can be said about the other Detroit Three giant, Ford. ...
VW Increases Chinese Production Thanks to High Sales
14 Apr 2009, 14:44 UTC · By: Bogdan Popa / Although it's well known that the economic recession slashed sales all around the world, it seems like some companies are doing actually fine, with revenues growing up in certain core markets. ...
GM's Bankruptcy: Fast It Will Be Not
14 Apr 2009, 14:31 UTC · By: Daniel Patrascu / As we informed you in our previous reports, GM is taking small and steady steps, guided by the US Treasury Department, towards entering court supervised bankruptcy. Still, the US governments' h...
Holden to Be the First GM Unit to Die, Expert Predicts
14 Apr 2009, 13:59 UTC · By: Bogdan Popa / GM's Australian unit Holden won't survive the economic downturn and will become the first General Motors unit to die due to this reason, editor of the car buyers Dog & Lemon Guide, Cli...
GM Shares Plunge Following Bankruptcy Fears
13 Apr 2009, 15:33 UTC · By: Daniel Patrascu / Talk of GM's imminent filling for Chapter 11 has had nothing but the expected result on the company's shares, as they dropped by 16 percent today following the news that the US Treasury De...
GM Pledges for "Tough Actions" to Stay in Business
13 Apr 2009, 11:03 UTC · By: Bogdan Popa / We already knew that General Motors was experiencing the toughest period in its history, with cost-cutting measures, viability plans and major departures turning into common things for those involve...
Consumers Give Up on Saturn, Dealers Close Stores
13 Apr 2009, 09:33 UTC · By: Bogdan Popa / With company officials awaiting a decision from parent company General Motors, Saturn's crisis is deepening day by day. As a direct result of the chaos surrounding Saturn, consumers have lost t...
GM Told to Prepare for Chapter 11 by June 1st
13 Apr 2009, 09:22 UTC · By: Daniel Patrascu / The first nail in GM's coffin was hammered by the US Treasury Department yesterday, as it told General Motors to prepare for Chapter 11 filling by June the 1st, the date when the new deadline s...
GM CEO: We Are Days Away from Selling Hummer
13 Apr 2009, 07:23 UTC · By: Bogdan Popa / As we're sure you know, Fritz Henderson, the newly-appointed General Motors CEO, is now responsible for GM's over-discussed restructuring plan that is supposed to bring the American giant ...
Standard & Poor's Cut GM, Chrysler Ratings
13 Apr 2009, 06:17 UTC · By: Daniel Patrascu / The watchful eye of rating provider Standard & Poor’s decided to cut their debt ratings of both US manufacturers GM and Chrysler. The company did that based on the fact that the two compan...
GM Denies Rumors, Says Buick Will Remain a Core Brand
10 Apr 2009, 10:36 UTC · By: Bogdan Popa / A General Motor China official today denied rumors claiming that American automaker intends to sell the Buick nameplate to some local parties, explaining that this particular division is still a cor...
GM Takes on VW, Expects Double Sales in China
9 Apr 2009, 13:09 UTC · By: Bogdan Popa / Even if the current economic situation brought it close to bankruptcy, General Motors expects to double the company's car sales by 2013 and take on Volkswagen Group, its main rival in this part...
Hummer Wanted by Three Non-Automotive Investors
9 Apr 2009, 08:39 UTC · By: Daniel Patrascu / GM's plan to get rid of some of its assets seems to be on track, as reports say that for at least one of them the interest is high. According to Autonews, sources with knowledge of the matter s...
Ontario Won't Help Suppliers
7 Apr 2009, 17:16 UTC · By: Daniel Patrascu / The economic crisis is taking its toll not only on the automotive industry players, but on states as well. Fighting on the same front as the parts suppliers, the Ontario province, now faced with a C...
VW Likely to Snatch GM's World's 2nd Largest Automaker Rank
7 Apr 2009, 14:33 UTC · By: Bogdan Popa / Under the strong pressure of the economic turmoil, General Motors might lose the world's second largest automaker spot, automotive industry analysts at market research company R.L. Polk Germany...
General Motors Cuts Hungarian Production
7 Apr 2009, 14:04 UTC · By: Bogdan Popa / Things are getting worse for American car manufacturer General Motors, even after the departure of CEO Rick Wagoner, as sales around the world show only slight signs of recovery. Furthermore, GM tod...
US Hybrid Market Fell 44 Percent in March
6 Apr 2009, 14:56 UTC · By: Bogdan Popa / The whole industry slowly but sure migrates to hybrid cars and electric models, right? That's a thing we all know and an obvious consequence of the economic recession. But despite this obvious ...
Abu Dhabi Royal Family Wants Opel...
6 Apr 2009, 14:38 UTC · By: Daniel Patrascu / ...not a vehicle, but the entire company. At least this is what the Westdeutsche Allgemeine Zeitung newspaper claims, as it quoted Sheikh Hamdan saying that, even if this is so, "no decision ha...
GM Prepares the Way Towards Chapter 11
6 Apr 2009, 08:56 UTC · By: Daniel Patrascu / Recent reports about GM's struggle (or should we say surrender) with the automotive crisis emphasize even more a grim possibility for all those involved. The company seems to head for Chapter 1...