GENERAL MOTORS

CVC Reported Near Deal To buy AlixPartners

IBTimes Logo
Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.

GM Reported Buying Back Part Of China Joint Venture

IBTimes Logo
General Motors (GM.N) and Chinese partner SAIC Motor Corp. (600104.SS) have agreed to let GM to buy back the 1 percent share of the joint venture the Detroit automaker sold during its financial crisis several years ago, according to a source familiar with the plan.
IBTimes Logo

Court Backs Political Ads On Public TV

A divided federal appeals court struck down a federal ban on political advertising on public TV and radio stations, a decision that could open the public airwaves to campaign ads for the November elections.
More news
A Buick Excelle on display in Shangai

GM China Sales Up On Demand for Buick Excelle

GM sales in China rose sharply in March, a somewhat unexpected increase, as competitors in the country are seeing only modest gains. Sales were driven into high gear by the six-speed Buick Excelle, a luxury sedan manufactured locally that -- at over $20,000 -- is an icon of achievement for the burgeoning upper middle-class in China.
Ford Lincoln MKZ Sedan 2013

Ford Revives Lincoln With Glass Roof And 'Date Nights'

Ford Motor Co is rolling out new Lincoln models with a panoramic glass roof option to lure younger, more affluent buyers, as the No. 2 U.S. automaker tries to revive a luxury brand whose sales peaked two decades ago.
IBTimes Logo

Chrysler sales up 34 percent

Chrysler Group LLC reported a 34 percent increase in March auto sales, the first major automaker to report sales for a month expected to show signs of a robust recovery for the U.S. auto industry.
IBTimes Logo

Chrysler auto sales up 34 percent

Chrysler Group LLC reported a 34 percent increase in March auto sales, the first major automaker to report sales for a month expected to show signs of a robust recovery for the U.S. auto industry.
IBTimes Logo

GM March U.S. sales boosted by gas-sipping models

General Motors Co passed an environmental milestone of sorts in March, when it became the first U.S. automaker to sell, in a single month, more than 100,000 cars that can achieve 30 miles per gallon in highway driving, the automaker said on Monday.
IBTimes Logo

GM March US sales boosted by gas-sipping models

General Motors Co passed an environmental milestone of sorts in March, when it became the first U.S. automaker to sell, in a single month, more than 100,000 cars that can achieve 30 miles per gallon in highway driving, the automaker said on Monday.
Apple CEO Tim Cook talks to employees at an Apple store in central Beijing

Apple’s Cook in China: What’s The Strategy?

Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.
New Cars Dealership

Fuel-Efficient Cars Drive Auto Sales Higher in March

March auto sales are expected to reach their highest levels since 2007, driven by increased consumer confidence, inventory levels, demand for fuel-efficient cars and redesigns of popular models like the Toyota Camry and Honda Civic, according to recent industry reports.
Workers wait in front of the Opel plant of Bochum

Opel May Close Two European Factories - Reports

Rumors of factory closings swirl around General Motors Co.'s German subsidy Opel, even as the company leads the way in sales of its electric Ampera, the European version of the Chevy Volt.
IBTimes Logo

Opel labor urges management to return to talks

Labor leaders at Opel, General Motors' loss-making European unit, on Friday urged management to return to the negotiating table and thrash out a compromise before a board meeting next week that could otherwise result in a move to close two vehicle plants.
Indian Flag Flies

India Car Prices To Rise With New Excise Tax

Major car manufacturers will raise prices across the board in India following a budget announcement by Finance Minister Pranab Mukherjee on Friday, Indian newspaper The Hindu reported.
A worker inspects a Land Rover Discovery on the production line at their Production Facility in Solihull

India to Surpass Japan as No. 2 Asian Car Market by 2016

India will surpass Japan as the No. 2 vehicle market in Asia by 2016, according to a report in the Wall Street Journal based on data and research from IHS Automotive. The report also says that auto sales in China, Asia and the world's largest market, will continue to grow steadily through the rest of the decade.
TCL Multimedia employees work at a production line in a factory in Huizhou, in China's southern Guangdong province October 8, 2010.

Beijing Takes a Brand-New Approach to 'Made in China'

Two new Chinese LCD screens in Beijing's imposing Great Hall of the People will replace screens made by a Japanese competitor, in a sign of resolve to supply the world with Chinese brands and not just Made in China products.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.