President Barack Obama on Tuesday blamed a combination of human and systemic failures in security for allowing the botched Christmas Day attack aboard a U.S. airliner, in his first big test on homeland security.
General Motors Co , which is winding down its Pontiac and Saturn brands, has offered dealers $7,000 per car to clear remaining inventory through Monday, the company said on Tuesday.
General Motors Co is offering huge incentives to its dealers to speed up the sales of leftover inventory from its Saturn and Pontiac brands, that can push up the automaker's December sales, the Wall Street Journal said.
General Motors unit Opel said new registrations of its cars rose to the highest level in four years in 2009, when government-backed scrapping incentives bolstered a floundering European auto industry.
China's Geely would barely lay a finger on Ford Motor Co's Volvo if it succeeds in acquiring the Swedish luxury car brand, the firm's top executive was quoted by state media as saying on Friday.
General Motors Co [GM.UL] is offering huge incentives to its dealers to speed up the sales of leftover inventory from its Saturn and Pontiac brands, that can push up the automaker's December sales, the Wall Street Journal said.
Spyker Cars' chief executive expects a decision in days on whether the company has been successful in a bid to buy Sweden's Saab Automobile from U.S. parent General Motors.
U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday
General Motors Co is pressing ahead with plans to shut down Saab as chances of a deal to sell the Swedish brand to Dutch sports car builder Spyker Cars remain remote, a person familiar with the planning said on Thursday.
General Motors Co emerged from a 40-day bankruptcy in July with a newfound zeal that things at the top U.S. automaker would never be the same
Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry.
Ford Motor Co said on Wednesday that it expected to finalize the sale of Volvo to China's Geely in the first half of 2010 in a deal that underlines China's arrival as a major force in the global auto industry.
China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' ailing Swedish brands Volvo and Saab in a bid to be global industry players.
Ford Motor Co and China's Geely are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
Spyker Cars pressed ahead with efforts to cut a deal for Saab with General Motors, with talk of possible backing from a Dutch billionaire fanning the Swedish carmaker's faint hopes of an eleventh-hour reprieve.
General Motors Co has hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, bringing in a well-regarded auto outsider who could succeed GM's acting CEO Ed Whitacre when he steps aside.
Ford Motor Co said on Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.
Chris Liddell has been hired by General Motors to serve as its vice chairman and chief financial officer.
The Swedish government and Saab officials held crisis talks about a threatened closure of the iconic auto brand as a Monday evening deadline loomed on a renewed buyout bid from Dutch and Russian-backed Spyker Cars.
General Motors Co said on Monday it had hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, filling a key position with the automaker's highest-profile hire since its July bankruptcy.
General Motors said on Sunday it would evaluate several new expressions of interest for its Swedish unit Saab, including a fast-track bid from thwarted Dutch suitor Spyker Cars .
Shares in Dutch luxury carmaker Spyker soared on Monday after the company made a new bid for General Motors's Swedish car brand Saab.
