Holden Volt Revealed in Australia
27 Feb 2009, 10:32 UTC · By: Bogdan Popa / General Motors has just unveiled the Holden Volt, a rebadged version of Chevrolet Volt but exclusively addressed to the Australian market. Just as expected, the "new" Holden Volt is regard...
Holden Cruze Debuts in Melbourne
27 Feb 2009, 10:00 UTC · By: Daniel Patrascu / The new Holden Cruze debuted today at the Melbourne International Motor Show, bringing a new competitor on the small car segment of the Australian market, the "largest growing segment" in ...
GM Reports Net Loss of $16.8bn in 2008
26 Feb 2009, 14:33 UTC · By: Bogdan Popa / General Motors today published the fourth quarter and calendar year 2008 financial results, unveiling a net loss, excluding special items, of $16.8 billion compared to only $279 million the year bef...
GM: Hybrid Pickups to Boast Up to 50 Percent Better Towing
26 Feb 2009, 09:18 UTC · By: Bogdan Popa / Hybrid pickup trucks have become a priority for General Motors since the economic crisis reached its apogee so the American automaker struggles to design new technologies that could bring it in pole...
Saab Stops Production Because of Customs Issues
26 Feb 2009, 08:26 UTC · By: Daniel Patrascu / Saab's sad story continues, as the company finds it more and more difficult with mother company GM's decision to let it go. The company finds itself alone in the dark, as their own governm...
GM and Chrysler Plan Limited Advertising
25 Feb 2009, 14:20 UTC · By: Madalina Iancu / GM and Chrysler have already announced at the beginning of this year that they were drastically cutting their marketing budgets and that they were trying to sell cars without too much advertising. ...
GM Scraps New Volt Engine Plant
25 Feb 2009, 13:09 UTC · By: Daniel Patrascu / General Motors has decided not to build an entire new plant to make engines for the Chevrolet Volt and Chevrolet Cruze and preferred to refit the existing Flint South Engine plant in Michigan instea...
Swedish Government Ready to Give Volvo Guarantee Loan
24 Feb 2009, 16:18 UTC · By: Madalina Iancu / After the stormy financial crisis struck the Swedish automaker and Ford threatened it was searching for someone to buy it, Volvo is finally seeing a ray of hope. According to Autonews, Sweden...
GM Europe Employees to Protest Against Restructuring Plans
24 Feb 2009, 15:30 UTC · By: Madalina Iancu / Seeing that they are on the verge of losing their jobs, employees of General Motors' European brands have decided to protest against the car maker's plans of cutting costs. According to...
Canada Unsatisfied with Chrysler's Viability Plan Details
23 Feb 2009, 16:31 UTC · By: Bogdan Popa / Even though Chrysler initially believed that sending the viability plan to the Canadian government would be enough to receive the money it needs, it is actually not as country's officials recen...
Saab Will Get Aid if It Finds a New Owner
23 Feb 2009, 15:07 UTC · By: Daniel Patrascu / The Swedish government is considering offering support to the struggling Saab manufacturer provided that the company finds an investor to back up the loan, Reuters reports. With GM backing away slow...
Saturn Asks Dealers 60 Days of Patience
23 Feb 2009, 08:10 UTC · By: Daniel Patrascu / Saturn, the collateral victim of GM's plan for survival, has asked its dealers not to close for 60 days while a GM-Saturn joint task force together with outside consultants determine whether a ...
GM Sends Life-Saving Plan to Canada
22 Feb 2009, 09:36 UTC · By: Bogdan Popa / GM Canada today announced that it submitted the viability plan to the Canadian and Ontario Governments, with the United States-based automaker expressing its confidence that together with the state ...
Saab and Opel Could Sink Without Aid
22 Feb 2009, 09:15 UTC · By: Daniel Patrascu / GM’s financial problems are, as expected, influencing all its assets, local and foreign alike. This is the case with the US based mother company, the European branch could also face collapse i...
Opel Says It Needs 2.6 Billion Euros in Govt. Funds
20 Feb 2009, 16:43 UTC · By: Bogdan Popa / As part of a broader campaign to finance a 3.3 billion euro ($4.15 billion) liquidity gap through 2011, Opel today said it needs approximately 2.6 billion euros from the German government. The rema...
Saturn Sends Encouraging Letter to Owners
20 Feb 2009, 14:45 UTC · By: Daniel Patrascu / The viability survival plan GM presented to the US Government on Tuesday contained, as we already reported, a large numbers of measures the company is going to take in order to survive the crisis an...
Saab Officially Files for Reorganization
20 Feb 2009, 10:01 UTC · By: Bogdan Popa / General Motors has just announced that its Swedish brand Saab will file for reorganization under a Swedish court process in order to become an independent company suitable for investment. In essence...
GM Wants Saturn Independent by 2011
20 Feb 2009, 08:24 UTC · By: Bogdan Popa / As part of the broader attempt to return to profitability in two years, General Motors started a massive cost-cutting plan, including closing, discontinuing or selling some of the brands it owns in ...
Chrysler CEO Nardelli Gets $1 a Month. Or Does He?
19 Feb 2009, 10:50 UTC · By: Daniel Patrascu / The struggling American automotive industry has made all of the executives' decisions, plans, and even their salaries, become subject of public debate. After GM and Ford had their leaders...
Sweden Disappointed with GM's Saab Plans
19 Feb 2009, 08:51 UTC · By: Bogdan Popa / Following General Motors' statement that Saab may file for bankruptcy by the end of the month, Swedish officials expressed their disappointment regarding the parent company’s plans, point...