GENERAL MOTORS

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

General Motors cast around for fresh options for Sweden's loss-making Saab on Wednesday after the collapse of its sale added another dimension to tortuous European restructuring plans.

SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.

Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit.

A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

The future of Sweden's Saab Automobile looks bleak after tiny luxury car maker Koenigsegg, backed by China's BAIC, pulled out of a deal to buy the loss-making firm from General Motors.

A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.

A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.

General Motors has paid back a loan from Germany and slightly lowered its target for job cuts at struggling European unit Opel.

General Motors will present labor leaders at European arm Opel a reorganization plan on Wednesday that envisions cutting nearly a fifth of the workforce, GM's acting European head said.

General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.

Union representatives hope the future of Opel's 50,000 workers in Europe will become clearer when they meet on Wednesday with General Motors' interim regional chief Nick Reilly to discuss restructuring plans.

Car makers from General Motors to Toyota Motor expect China to keep providing much-needed relief from feeble car sales elsewhere next year, even as local brands raise their game to grab a bigger slice of their home market.

General Motors expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.

Nearly two dozen members of the U.S. Senate sought answers on Friday from General Motors and Chrysler on efforts to resolve complaints from dealers who lost business with the car companies.

U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

Ford Motor Co plans to invest 4 billion reais ($2.26 billion) in Brazil to boost output as record-low borrowing costs and a recovery in Latin America's largest economy stoke demand for new cars, Mark Fields, the company's president for the Americas, said on Friday.

Spain's industry minister on Friday said after meeting with a top General Motors executive that no more jobs would be cut at a GM Opel plant near Zaragoza than previously agreed with former prospective buyer Magna.