GENERAL MOTORS

IBTimes Logo

TIMELINE-Chinese automakers chase global profile

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.

GM's Saab sale collapses as buyer backs out

IBTimes Logo
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.
More news
IBTimes Logo

AUTOSHOW-SAIC to make M6 in UK, upbeat on ownbrand car

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.
IBTimes Logo

Opel workers to discuss restructuring plan on Weds

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.
IBTimes Logo

GM sees China sales growth slowing in 2010

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.
IBTimes Logo

Senators seek answers on auto dealer closures

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.
IBTimes Logo

Electric carmaker Tesla preparing IPO: sources

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.
IBTimes Logo

Ford to invest $2.3 bln to boost Brazil output

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.
IBTimes Logo

Spain sees no more than 900 job cuts at Opel plant

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.
IBTimes Logo

Chrysler could lose more than 100 U.S. dealerships

More than 100 Chrysler Group LLC U.S. dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said on Thursday.
IBTimes Logo

GM to present Opel restructuring plan in Dec

U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
IBTimes Logo

GM says 10,000 jobs could go in European shake-up

U.S. carmaker General Motors could cut between 9,000 and 10,000 jobs as part of its restructuring of its European operations, Nick Reilly, interim head of GM's European business, said on Tuesday.
IBTimes Logo

GM posts loss, vows to repay U.S. early

General Motors Co said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.
IBTimes Logo

GM posts loss, to repay US, Canadian debt early

General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
IBTimes Logo

GM to start repaying $6.7 bln U.S. govt loan-source

General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.