GM Europe Hires Berger to Help Save Opel
19 Mar 2009, 09:31 UTC · By: Bogdan Popa / The European unit of General Motors hired consultancy Roland Berger to help parent company establish a better survival plant for Opel. More specifically, Roland Berger will assist General Motors in ...
SAAB: Dead Brand Walking...
18 Mar 2009, 17:54 UTC · By: Alex Oagana / ... A few decades ago - let's not go too far and say only three or four - Saab was the epitome of Swedish quirkiness on four wheels. No, it wasn't Volvo, whose sole original trait was (and...
Six to Eight "Very Large" Companies Interested in Buying Saab
17 Mar 2009, 16:17 UTC · By: Bogdan Popa / GM's Swedish unit Saab is again making the headlines after Sweden's Industry Minister Maud Olofsson said that six to eight "very large" companies have expressed their intention t...
Opel's Fate Depends on Detroit 3
11 Mar 2009, 09:32 UTC · By: Bogdan Popa / Speaking about Opel's future and about the chances to help the German brand cope with the economic recession, German Chancellor Angela Merkel insisted state aid will only be approved after the ...
Opel Says It May Close German Factories After All
10 Mar 2009, 14:26 UTC · By: Bogdan Popa / Even though several officials clearly stated that Opel does not intend to close any of its production facilities, it may seem like the German brand may actually shut down some plants after all. Acco...
GM Pleased with Obama's Task Force's Visit to Michigan
10 Mar 2009, 09:08 UTC · By: Bogdan Popa / Just like we told you yesterday, Obama's Task Force formed to supervise the auto industry and bring ailing automakers on the floating line is going to test-drive Chevrolet Volt and visit GM...
DeLorean Biopic by David Permut Coming Soon
10 Mar 2009, 08:14 UTC · By: Madalina Iancu / John Zachary DeLorean is probably one of the most controversial personalities in the entire auto industry since Karl Benz invented the automobile. And now his life story will be turned into a biopic...
Finally! Somebody Interested in Buying Saturn, GM Confirms
6 Mar 2009, 11:49 UTC · By: Bogdan Popa / After several months of uncertainty when nobody, and count here GM too, knew what's gonna happen with Saturn, sources close to negotiations finally confirmed that a "few" parties are ...
Holden VE Omega Sportwagon Achieves 5-Star Safety Rating
2 Mar 2009, 07:56 UTC · By: Bogdan Popa / GM's Australian division Holden proudly announced today that VE Omega Sportwagon is the first locally-built wagon that achieves the maximum safety rating from the Australasian New Car Assessmen...
Opel Sends Viability Plan to Germany, Demands 3.3 EUROS in Support
27 Feb 2009, 16:18 UTC · By: Bogdan Popa / General Motors Europe and Opel submitted their viability plan to the German government, emphasizing the need for state support to finance a liquidity gap through the end of 2011. Curiously enough, G...
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...
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...
Navistar Confirms Interest in GM's Medium Duty Truck Unit
25 Feb 2009, 14:25 UTC · By: Bogdan Popa / Speaking at the Reuters Manufacturing Summit in Chicago, Dan Ustian, Navistar's chairman, chief executive and president, confirmed interest in GM's medium-duty truck unit but insisted the ...
Germany Asks Opel to Submit Viability Plan in Return for Funds
23 Feb 2009, 16:30 UTC · By: Bogdan Popa / Following Opel's call for support last week, German officials came out and explained that it's practically impossible to direct funds to a struggling automaker unless it submits a survival...
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...
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 ...
GM to Design Two More Volt-Based Electric Cars
19 Feb 2009, 16:36 UTC · By: Bogdan Popa / As Chevrolet Volt is expected to be one of the more advanced electric vehicles ever designed, General Motors aims to take full advantage of this aspect and plans to design two more cars based on thi...
GM: No Opel Plants to Be Closed for the Time Being
19 Feb 2009, 13:51 UTC · By: Bogdan Popa / American automaker General Motors does not plan to close German production facilities owned by Opel and expects to see most of its European operations returning to profitability by 2011. Juergen...
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...