GM to present Opel restructuring plan in Dec Nov 19, 2009 5:29PM

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. Read more

Merrill Lynch Wealth Mgmt hires ex-Smith Barney Wilson So Nov 19, 2009 9:59AM

Merrill Lynch Wealth Management has hired a former regional director from Smith Barney, Wilson So, to head its global wealth management advisory business in North Asia, acording to an internal memo seen by Reuters. Read more

MGM studio credit default swaps settled at 58.5 pct Nov 11, 2009 4:32PM

Sellers of protection on the loans of Metro-Goldwyn-Mayer are facing losses of 41.5 percent, based on the results of an auction used to determine the value of the bankrupt company's credit default swaps. Read more

Dutch regulator fines GMAC unit over lending rules Nov 11, 2009 11:05AM

Dutch market regulator AFM has fined GMAC Nederland NV, the local unit of bailed-out U.S. auto and home lender GMAC Financial Services, for not meeting rules on tighter standards for consumer credit and lending. Read more

GM board approves plug-in Cadillac hybrid -sources Nov 10, 2009 6:04PM

The board of General Motors Co has approved a plan to produce a plug-in hybrid for the luxury Cadillac brand that will adapt technology developed for the upcoming Chevrolet Volt, according to people briefed on the decision. Read more

Merkel says GM has to pay most Opel revamp costs Nov 10, 2009 11:17AM

German Chancellor Merkel urged General Motors to quickly present a restructuring plan for its European unit Opel and said the U.S. automaker should not count on governments to shoulder most of the overhaul costs. Read more

GM to invest C$90 million to expand Canada plant Nov 09, 2009 12:07PM

General Motors Co said on Monday that it would invest C$90 million ($85.1 million) to expand a joint venture plant in Canada where it builds the Chevrolet Equinox and GMC Terrain crossovers. Read more

GM CEO starts Opel charm tour at Ruesselsheim HQ Nov 09, 2009 7:16AM

General Motors Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own. Read more

Workers end strike at Indian supplier to GM, Ford Nov 06, 2009 9:30AM

Workers at an India auto-parts maker have ended a six-week strike, which had hit supplies to General Motors and Ford and caused the shutdown of some North American plants, an official at the Indian firm said. Read more

GM readies Opel plan, workers strike Nov 05, 2009 8:08PM

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. Read more