GENERAL MOTORS

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Hummer and China’s Tengzhong a good fit: GM

Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.

Hummer and China’s Tengzhong a good fit: GM

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Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.

Small group of GM bondholders object to sale

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A small group of General Motors Corp bondholders formally objected on Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court, according to court documents.
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Ford balance sheet in good shape: CEO

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.
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Ford nimble without government oversight: chairman

Ford Motor Co has found advantages in going without the federal emergency aid that supports its domestic rivals, although the long-term implications of the government intervention are unclear, Ford Chairman Bill Ford said on Monday.
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Tengzhong says Hummer deal on track

Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's Hummer brand, said on Sunday the deal should be concluded in the coming quarter.
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Nearly all dealers agree to work with new GM: CEO

Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive said on Friday.
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Union takes GM S.Africa to court over job losses

South Africa's National Union of Metal Workers (NUMSA) is taking the local arm of General Motors (GMSA) to court over job losses it says are linked to the parent company's financial woes, the union said on Thursday.
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GM signs up over 95 percent of eligible dealers

More than 95 percent of eligible dealers at bankrupt General Motors Corp have signed on or verbally agreed to participate in the new company, Chief Executive Fritz Henderson said on Friday.
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U.S. spends $287 million on fuel efficient vehicles for federal fleet

The U.S. government spent $287 million to purchase a total 17,205 fuel efficient vehicles from Ford, Chrysler and General Motors as of June 1 and aims to order $15 million more worth of advanced technology buses and electric vehicles, the General Services Administration said this week.
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Koenigsegg, Norwegian investors to buy Saab: report

Swedish luxury carmaker Koenigsegg and Norwegian investors have signed a letter of intent with General Motors' Swedish unit Saab to take over the loss-making brand, Swedish television reported on Thursday, citing unnamed sources.
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China's Beijing Auto interested in Volvo: report

Beijing Automotive Industry Holding Corp is interested in buying Ford Motor Co's Volvo car unit, the Wall Street Journal reported, adding a new name to a list of potential Chinese bidders for the Swedish luxury car brand.
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Auto suppliers up as Chrysler sale closes

Shares of U.S. auto suppliers rose sharply on Wednesday as news that Italian automaker Fiat SpA had completed the purchase of Chrysler LLC's strongest assets erased fears that the U.S. car maker could face liquidation if the deal did not go through.
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Supreme Court clears path for Chrysler sale

The U.S. Supreme Court on Tuesday cleared the way for the sale of Chrysler LLC to Italy's Fiat, while General Motors began to revamp its widely criticized board by naming former AT&T Inc chief executive Ed Whitacre as chairman.
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Ex-AT&T CEO Whitacre to become new GM chairman

General Motors Corp on Tuesday took a step toward restructuring its widely criticized board by naming former AT&T Inc CEO Ed Whitacre to become chairman of the reorganized automaker when it emerges from bankruptcy under U.S. government oversight.
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GM Vice Chairman blames media for hyping hybrids in U.S.

General Motor's Vice Chairman Bob Lutz says conventional cars are still what most people in the U.S. want while also criticizing the mainstream media for portraying demand for hybrid vehicles as being higher than the reality.
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GM to halt medium-duty truck production

General Motors Corp , which filed for bankruptcy protection a week ago, said on Monday that it would cease production of medium-duty trucks by July 31 after attempts to sell the operation failed.
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GM deals Saturn to Penske

Penske Automotive Group, Inc – a U.S. auto retailer and franchiser - has reached a preliminary agreement to obtain the Saturn auto brand from bankrupt automaker General Motors Corp, the companies said Friday. Financial details were not disclosed.

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