U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.
GM Europe's GM.UL Vauxhall and Opel car sales may fall as much as 5 percent in 2010, as tentative signs of economic recovery are offset by the end of scrapping incentive schemes, its CEO said on Tuesday.
U.S. auto executives and elected officials at the Detroit auto show on Monday sought to draw a curtain on a year of appalling sales and massively unpopular government aid.
Top automotive industry executives gathered at the media preview for the North American International Auto Show in Detroit, starting on Sunday.
U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.
China's auto market, which overtook the United States as the world's largest earlier this year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.
General Motors Co sent its clearest signal yet on Monday that none of the bidders for Saab had submitted an offer that would prompt the automaker to reverse a decision to shut down the Swedish luxury brand.
Ford Motor Co swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
General Motors Co could post a profit in 2010 if the U.S. industry stages modest recovery but remains subject to the risk that the improving trend in the U.S. economy is reversed, the automaker's vice chairman, Bob Lutz, said on Monday.
General Motors Co will build a Cadillac version of its highly anticipated battery-powered Chevy Volt sometime in 2013 or later.
General Motors named a restructuring firm to run the winding-down of Swedish carmaker Saab on Friday, even as it reviewed several bids which included an offer from Formula One supremo Bernie Ecclestone.
Hopes that GM [GM.UL] unit Saab will find a buyer rose on Friday after new bidders joined the race, just before a deadline expired.
Hopes that Saab will find a buyer rose on Friday after new bidders joined the race just before a deadline expired, despite prospects General Motors will close it down in the absence of a credible offer.
Formula One motor racing boss Bernie Ecclestone is part of a bid to buy General Motors' struggling Swedish carmaker Saab, the BBC reported on Friday.
Dutch luxury carmaker Spyker submitted an improved bid for Sweden's Saab to General Motors Co on Thursday, just ahead of a key deadline that could prompt closure of the brand.
General Motors Co said on Thursday it will seek to sell its Nexteer Automotive business -- the steering unit the U.S. automaker took back from former parts subsidiary Delphi Corp last year.
General Motors Co showed off the first battery pack for its electric Chevy Volt on Thursday with a ceremony that highlighted the automaker's dependence on U.S. government financing for its revival plans.
Prospective bidders in Sweden, Luxembourg and the Netherlands were making last-ditch efforts on Thursday to buy Saab, hours before a deadline set by owner General Motors to either sell or close the Swedish carmaker.
Bidders in Sweden, Luxembourg and the Netherlands are making last-ditch efforts on Thursday to buy General Motors -owned Saab, as the deadline for its sale loomed, threatening the Swedish car brand with closure.
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General Motors Co Chief Executive Ed Whitacre said on Wednesday he is not hopeful a breakthrough deal can be reached to save Saab and said GM is proceeding with the wind-down of the Swedish brand.
Toyota Motor Corp said on Wednesday it sold 21 percent more cars in China in 2009 compared with a year earlier, lagging rival General Motors' 67 percent gain.
