International Business News - GM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit. http://www.ibtimes.com/data/articleimgs/223615-a-protestor-holds-onplacard-duringworkers-meeting-at.jpg http://www.ibtimes.com/articles/20091105/gm-readies-opel-plan-workers-strike.htm http://www.ibtimes.com/articles/20091105/gm-readies-opel-plan-workers-strike.htm Thu, 05 Nov 2009 20:08:01 EST The board of General Motors Co has opted to keep Opel, sources briefed on the deliberations said on Tuesday, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna . http://www.ibtimes.com/data/articleimgs/223411-a-worker-for-german-car-manufacturer-opel.jpg http://www.ibtimes.com/articles/20091103/gm-board-opts-to-keep-opel-sources.htm http://www.ibtimes.com/articles/20091103/gm-board-opts-to-keep-opel-sources.htm Tue, 03 Nov 2009 17:08:01 EST General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector. http://www.ibtimes.com/data/articleimgs/223410-general-motors-headquarters-is-seen-along-the.jpg http://www.ibtimes.com/articles/20091103/gm-sees-sales-bounce-chrysler-plunges.htm http://www.ibtimes.com/articles/20091103/gm-sees-sales-bounce-chrysler-plunges.htm Tue, 03 Nov 2009 16:56:01 EST U.S. carmaker General Motors was close to signing a deal to sell a 55 percent stake in its European arm Opel to Canada's Magna Thursday as talks continued with unions over job cuts. http://www.ibtimes.com/data/articleimgs/222410-a-woman-is-reflected-in-the-logo.jpg http://www.ibtimes.com/articles/20091015/gm-magna-set-to-sign-opel-deal-job-talks-continue.htm http://www.ibtimes.com/articles/20091015/gm-magna-set-to-sign-opel-deal-job-talks-continue.htm Thu, 15 Oct 2009 06:24:01 EDT The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday. http://www.ibtimes.com/articles/20090924/gm-ceo-sees-modests-auto-sale-recovery.htm Thu, 24 Sep 2009 17:29:00 EDT General Motors Co said on Tuesday it planned to restore about 3,000 jobs at U.S. assembly plants and related facilities and is getting set to raise North American production by up to 45 percent next year. http://www.ibtimes.com/data/articleimgs/220963-a-gm-logo-is-seen-onhydrogen-car.jpg http://www.ibtimes.com/articles/20090922/gm-restores000-jobs-prepares-to-raise-output.htm http://www.ibtimes.com/articles/20090922/gm-restores000-jobs-prepares-to-raise-output.htm Tue, 22 Sep 2009 16:08:01 EDT General Motors GM.UL is examining ways to ramp up production of four newer models that are selling well above its expectations, a GM spokesman said on Wednesday. http://www.ibtimes.com/data/articleimgs/220574-.jpg http://www.ibtimes.com/articles/20090916/gm-says-may-increase-production-four-models.htm http://www.ibtimes.com/articles/20090916/gm-says-may-increase-production-four-models.htm Wed, 16 Sep 2009 14:42:38 EDT The "cash for clunkers" stimulus program helped the auto industry but there is no need for another similar program, General Motors GM.UL Vice Chairman Bob Lutz said on CNBC on Monday. http://www.ibtimes.com/data/articleimgs/220336-.jpg http://www.ibtimes.com/articles/20090914/gm-lutz-says-one-cash-clunkers-enough.htm http://www.ibtimes.com/articles/20090914/gm-lutz-says-one-cash-clunkers-enough.htm Mon, 14 Sep 2009 09:48:55 EDT General Motors Co will roll out a new marketing campaign next week offering consumers a 60-day, money-back guarantee on new vehicle purchases, backed by ads featuring its chairman, Ed Whitacre, sources briefed on the plans said. http://www.ibtimes.com/data/articleimgs/220147-.jpg http://www.ibtimes.com/articles/20090910/gm-dealer-margins-fund-ad-push.htm http://www.ibtimes.com/articles/20090910/gm-dealer-margins-fund-ad-push.htm Thu, 10 Sep 2009 13:12:39 EDT General Motors is prepared to sell its European carmaker Opel to Canada's Magna, two people familiar with the negotiations told Reuters on Thursday. http://www.ibtimes.com/data/articleimgs/220104-am-logo-is-seen-behind-an-opel.jpg http://www.ibtimes.com/articles/20090910/gm-prepared-to-sell-opel-to-magna-sources.htm http://www.ibtimes.com/articles/20090910/gm-prepared-to-sell-opel-to-magna-sources.htm Thu, 10 Sep 2009 07:32:02 EDT General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders. http://www.ibtimes.com/data/articleimgs/220103-a-gm-and-opel-logos-are-seen.jpg http://www.ibtimes.com/articles/20090910/gm-to-end-months-of-suspense-on-opel.htm http://www.ibtimes.com/articles/20090910/gm-to-end-months-of-suspense-on-opel.htm Thu, 10 Sep 2009 07:24:02 EDT The U.S. government should consider a trust for its stake in General Motors Co and Chrysler to ensure independent oversight and facilitate an exit strategy, a congressional watchdog found on Wednesday. http://www.ibtimes.com/data/articleimgs/220049-.jpg http://www.ibtimes.com/articles/20090909/us-should-weigh-trust-gm-chrysler-stake-panel.htm http://www.ibtimes.com/articles/20090909/us-should-weigh-trust-gm-chrysler-stake-panel.htm Wed, 09 Sep 2009 16:18:03 EDT The cost to General Motors Co of keeping its European Opel unit could run $1.45 billion higher than the "overly optimistic" estimate prepared by the automaker in June, according to a report from a financial adviser presented to GM's board on Tuesday. http://www.ibtimes.com/data/articleimgs/219971-.jpg http://www.ibtimes.com/articles/20090908/update-gm-board-is-told-opel-costs-could-run-higher.htm http://www.ibtimes.com/articles/20090908/update-gm-board-is-told-opel-costs-could-run-higher.htm Tue, 08 Sep 2009 16:52:58 EDT The new board of General Motors Co [GM.UL] has emerged as a key player in the outcome of the automaker's long-running talks to sell off its Opel unit. http://www.ibtimes.com/articles/20090825/factbox-gm-board-center-opel-talks.htm Tue, 25 Aug 2009 13:53:57 EDT Toyota Motor Corp will start talks to pull out of a California-based joint venture with General Motors , a Toyota executive said on Thursday. http://www.ibtimes.com/data/articleimgs/217240-.jpg http://www.ibtimes.com/articles/20090723/toyota-to-start-talks-on-pulling-out-of-jv-with-gm.htm http://www.ibtimes.com/articles/20090723/toyota-to-start-talks-on-pulling-out-of-jv-with-gm.htm Thu, 23 Jul 2009 05:56:01 EDT General Motors officials meet German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder. http://www.ibtimes.com/articles/20090722/gm-meets-german-government-to-discuss-opel-bids.htm Wed, 22 Jul 2009 07:56:02 EDT A restructured General Motors Corp will get the remaining $20 billion in government bankruptcy financing over the rest of this year and could be ready to launch an initial public stock offering in early 2010, a senior U.S. official said on Monday. http://www.ibtimes.com/data/articleimgs/216326-gm-to-get-final-20-billion-ins-funding-this-year.jpg http://www.ibtimes.com/articles/20090706/gm-to-get-final-20-billion-ins-funding-this-year.htm http://www.ibtimes.com/articles/20090706/gm-to-get-final-20-billion-ins-funding-this-year.htm Mon, 06 Jul 2009 20:00:02 EDT While General Motor is struggling in US, its joint venture in Shanghai has sold its two millionth Buick in China as sales have grown rapidly, the auto giant said on Tuesday. http://www.ibtimes.com/data/articleimgs/215576-gm-speed-up-growth-in-china-two-millionth-buick-sold.jpg http://www.ibtimes.com/articles/20090622/gm-speed-growth-china-two-millionth-buick-sold.htm http://www.ibtimes.com/articles/20090622/gm-speed-growth-china-two-millionth-buick-sold.htm Mon, 22 Jun 2009 20:31:07 EDT 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. http://www.ibtimes.com/data/articleimgs/215486-.jpg http://www.ibtimes.com/articles/20090619/hummer-and-china-rsquotengzhonggood-fit-gm.htm http://www.ibtimes.com/articles/20090619/hummer-and-china-rsquotengzhonggood-fit-gm.htm Fri, 19 Jun 2009 22:51:34 EDT While General Motors filed for bankruptcy protection in the United States, GM's joint venture in China SAIC-GM-Wuling' sales exceeded 100,000 in May, topped among the Chinese car companies' sales in a single month. http://www.ibtimes.com/data/articleimgs/214932-gms-joint-venture-in-china-rises-to-noin-single-month-sales.jpg http://www.ibtimes.com/articles/20090610/gm-039joint-venture-china-rises-noin-single-month-sales.htm http://www.ibtimes.com/articles/20090610/gm-039joint-venture-china-rises-noin-single-month-sales.htm Wed, 10 Jun 2009 01:52:34 EDT