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 ...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
19 Feb 2009, 08:01 UTC · By: Bogdan Popa / As part of a broader attempt to prove the company’s viability and to concentrate on operations that could bring it back to profitability in the next few years, General Motors yesterday announc...
18 Feb 2009, 08:05 UTC · By: Daniel Patrascu / As we reported throughout the past few weeks, both GM and Chrysler were due yesterday to submit their survival plans as they are looking for additional financial aid to get through the economic cris...
17 Feb 2009, 14:10 UTC · By: Bogdan Popa / Following media reports that Sichuan Auto plans to purchase GM's Hummer division, representatives of the Chinese firm denied speculations saying the company has absolutely no interest in buying...
17 Feb 2009, 08:08 UTC · By: Bogdan Popa / Following yesterday's announcement that the American automaker may close the doors of about 3 production facilities in the near future, General Motors today said the restructuring plan might co...
16 Feb 2009, 11:32 UTC · By: Daniel Patrascu / The rush for cash the American company is involved in could result in the closing of three or more plants in Europe. The measure could be taken as part of the company's goal to reach 1.6 billio...
15 Feb 2009, 18:15 UTC · By: Tudor Raiciu / With the sales forecasts out of way, the auto industry is slowly coming back to life. Some credit for this should go to the 2009 Chicago Auto Show and the 2009 Geneva Auto Show, as most new launches...