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.
Dutch luxury carmarker Spyker Cars NV submitted a new offer to fast-track a buyout of Saab from General Motors, two days after last-ditch talks to rescue the Swedish manufacturer collapsed.
General Motors Co said it would begin shutting down its money-losing Saab brand after last-ditch talks to sell it to a small Dutch sports car builder collapsed on Friday.
General Motors Co Chief Executive Officer Ed Whitacre said on Friday that GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and Canadian province Ontario.
General Motors Co will wind down operations at Saab, its money-losing Swedish unit, after a last-ditch attempt to sell it to small Dutch luxury carmaker Spyker Cars failed, the automaker said on Friday.
General Motors will wind down operations at its loss-making Swedish unit Saab after an attempt to sell it to small Dutch luxury carmaker Spyker Cars failed.
Opel labour leader Klaus Franz said talks with management over an upcoming plan from General Motors for the future of its European unit Opel should be finished by mid-February.
General Motors Co said on Thursday that Brian K. Sweeney would be the new general manager of its Buick and GMC brands after his predecessor lasted nine days on the job.
General Motors' European arm Opel will launch hybrid models within five years as part of a campaign to overhaul and freshen its product line, GM Europe head Nick Reilly told a German magazine.
General Motors Co plans to repay roughly $8 billion in debt to the United States and Canada by June, a faster payback of the first portion of its bailout than the automaker previously committed to make.
General Motors Co Chairman and acting Chief Executive Ed Whitacre said on Tuesday luxury car maker Spyker is the only remaining party with which GM is negotiating for the sale of its Saab brand.
Beijing Automotive Industry Holding Co (BAIC) said on Monday it had acquired some assets of General Motors' Saab unit as part of a push to develop its own-brand cars.
Sports-car maker Spyker is still in talks to buy Saab, the Dutch company's top executive said on Sunday after a report China's BAIC had agreed with General Motors to buy some of the Swedish company's assets.
Ford Motor Co Chief Executive Alan Mulally said in a CNBC interview on Thursday that he had talked this week with General Motors Co Chairman and Chief Executive Ed Whitacre.
