GENERAL MOTORS

SAIC Motor Corp , China's biggest automaker, said it was planning a private placement of new shares and trading in its stock will be suspended from Monday.

General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.

Opel turned its back on state assistance for its restructuring drive on Wednesday, abandoning months of talks with European governments and leaving parent General Motors to fund the program.

Morgan Stanley and JPMorgan Chase & Co are likely to be the lead underwriters in General Motors' initial public offering, The Wall Street Journal reported on Friday, a role more attractive for its prestige than its fees.

General Motors Co has banned the use of the popular Chevy nickname for its flagship Chevrolet brand internally but would more than welcome if a customer calls his or her car Chevy.

Germany's economy ministry rejected a request for 1.1 billion euros ($1.5 billion) in loan guarantees for loss-making carmaker Opel.

General Motors Co on Tuesday announced a recall of about 1.5 million trucks, crossovers and cars from model years 2006-2009 because the unit that heats the windshield washer fluid could catch fire.

Morgan Stanley Chairman John Mack said that banks wanting to participate in the initial public offering of General Motors Co were being asked about lending lines for the ailing U.S. automaker.

General Motors and Chrysler are reasonably positioned for growth after U.S. intervention saved the companies last year, and government support for the auto sector will begin to be pulled back, the manufacturing adviser to the president said on Thursday.

Ford Motor Co and General Motors Co posted double-digit sales gains for May that outpaced growth for Toyota Motor Corp as U.S. auto sales rose 19 percent from the depressed levels of a year earlier.

Jan Ake Jonsson, chief executive officer of loss-making Saab Automobile, is one of the main candidates for the top job at Volvo Cars.

General Motors will invest an additional 700 million reais ($384.62 million) to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.

The U.S. Treasury and General Motors Co may select a lead underwriter for an initial public offering for the automaker as early as next week, Bloomberg News reported on Saturday.

General Motors will develop electric car technology for the Indian market in its home town of Detroit, after ending a partnership with Indian firm Reva, the head of its operations in the country said.

Germany's Economics Minister warned on Tuesday a decision over state aid for Opel, affecting thousands of jobs, could take until early June

The U.S. Treasury Department has hired Lazard Ltd to advise the government on an initial public offering of General Motors Co, a source familiar with the matter said on Friday.

Carmaker General Motors Co told the United Auto Workers it will no longer pay union employees to leave the company, the Wall Street Journal said.

General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.

General Motors Co posted a first-quarter profit on Monday and said it is making progress toward a turnaround expected to put it on track toward its first full-year profit since 2004.

The Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.

The U.S. Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.