GM Sees Emerging India a Life-Saving Market
8 Jun 2009, 16:44 UTC · By: Bogdan Popa / Still fighting with bankruptcy and with the economic chaos in the United States and turning cost-cutting measures into a common thing, General Motors is now aiming its strategies at emerging markets...
NADA Asks GM Not to Release Dealer List
8 Jun 2009, 12:34 UTC · By: Daniel Patrascu / The National Automobile Dealers Association (NADA) has made an unexpected move late last week as it asked General Motors not to give the Congress the list of dealerships to be terminated, largely du...
GM Begins Cadillac Dealerships Hunt
8 Jun 2009, 12:32 UTC · By: Daniel Patrascu / The painful restructuring process GM has to go through during bankruptcy protection may prove to be even more destructive to its dealers, and that's no longer a secret. But the bulk of that pai...
GM Pays $2 Billion to Get Rid of Delphi
7 Jun 2009, 12:11 UTC · By: Bogdan Popa / After announcing the sale of one major European asset, Opel, and with the second one now on the roll, Saab, General Motors is now making another major step towards a successful restructuring campaig...
Confirmed: Penske Takes Over Saturn
5 Jun 2009, 14:58 UTC · By: Daniel Patrascu / As was to be expected since the early hours of the day, the official confirmation of Penske's takeover of Saturn came from GM. The catch phrase of the deal: save some 13,000 jobs from some 350 ...
Visteon Gets $125M from Ford
5 Jun 2009, 08:40 UTC · By: Daniel Patrascu / Bankrupt auto parts maker Visteon will get a breath of fresh air from its old partner Ford, as the American manufacturer announced it agreed to a $125 million credit facility for the supplier. The m...
D-Day for Chrysler
5 Jun 2009, 07:17 UTC · By: Daniel Patrascu / As we told you in our previous reports, a US federal appeal court will hear today the case of a group of Indiana pension funds against the projected sale of Chrysler's assets over to the new co...
Obama Assures the Govt Won't Get Involved in New GM
4 Jun 2009, 13:51 UTC · By: Bogdan Popa / After some other automakers have already expressed their concerns that the United States' stake in General Motors might allow the officials to help the automaker, President Barack Obama today s...
No More Jets for GM Execs
4 Jun 2009, 10:27 UTC · By: Daniel Patrascu / After last year GM execs went to Washington to ask for money to survive the troubled times ahead by taking private jets, the recently declared bankruptcy may put an end to the comfort of this t...
Chrysler Sale Challenged, Delay Possible
3 Jun 2009, 14:06 UTC · By: Daniel Patrascu / As was to be expected, the sale of Chrysler's assets to the new company will be anthing but smooth. The sale process, already approved, has been challenged by a group of Indiana pension funds t...
Henderson Calms Ford Down: Feds Will Stay Away of New GM
2 Jun 2009, 10:19 UTC · By: Bogdan Popa / Even if the United States government will own the majority stake in the future General Motors, this doesn't necessarilly mean the feds will get involved into the business, GM's President a...
GM China Keeps Walking
2 Jun 2009, 09:05 UTC · By: Daniel Patrascu / Regardless of the events unfolding across the ocean, now bankrupt GM says its operations outside the US will not be affected. After assuring that Holden will keep going in Australia, the American ma...
Ford Hopes Obama Won't Cheat
2 Jun 2009, 09:02 UTC · By: Bogdan Popa / Ford is the only large automaker in the United States who's still surviving without government support and the company's is really proud of this, especially given the fact that both GM and...
GM Reveals List of Plants to Be Closed
2 Jun 2009, 08:37 UTC · By: Bogdan Popa / The time has finally arrived for General Motors and, together with the long-awaited bankruptcy filing, the American automaker revealed lots of already-known things. One of them is the company's...
Holden to Be Part of New GM, Out of Bankruptcy Threats
2 Jun 2009, 08:35 UTC · By: Bogdan Popa / Since the parent company has filed for Chapter 11 in the United States, there are numerous rumors surrounding GM's brands outside the country, with some of them pointing to bankruptcy as well. ...
NADA Hopes GM's Bankruptcy Will Be Fast
2 Jun 2009, 07:28 UTC · By: Bogdan Popa / General Motors' bankruptcy filing has surely caused quite a stir in the United States, with the National Automobile Dealers Association (NADA) expressing its disappointment towards the company&...
Chrysler's Lee Iacocca to Have His Pension and Car Taken Away
1 Jun 2009, 15:22 UTC · By: Tudor Raiciu / Once rumored as the czar of the US auto industry, the man who put Chrysler back on its feet in the 1980s is likely to lose a large amount of his pension and the guaranteed life-long company car fol...
New GM Details Emerge
1 Jun 2009, 14:54 UTC · By: Bogdan Popa / Bankruptcy was inevitable and everybody knows it, even The General admits it. But Chapter 11 isn't necessarily a bad thing as the future General Motors, often referred to as the "New GM&qu...
GM's Bankruptcy Could Affect Japanese Industry
1 Jun 2009, 13:27 UTC · By: Bogdan Popa / General Motors' bankruptcy is surely a major thing and, as we said earlier this day, it would become the third largest bankruptcy filing in US history and the largest in the auto sector. Since ...
GM to File for Bankruptcy
1 Jun 2009, 06:29 UTC · By: Bogdan Popa / It is only a matter of time until General Motors officially confirms it will file for bankruptcy but sources are claiming the General's future has already been decided. According to a report by...