GENERAL MOTORS

IBTimes Logo

Germany says EU concerns don't endanger Opel deal

Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna, saying they did not put the deal at risk.

GM CFO search complicated by US pay rules: report

IBTimes Logo
General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.

Pay rules complicate GM CFO search: report

IBTimes Logo
General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
IBTimes Logo

GM CFO search complicated by U.S. pay rules: report

General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.
More news
IBTimes Logo

GM says ready to join GM Daewoo rights offer

The chief executive of General Motors Co reiterated on Thursday that the U.S. automaker would join a rights offering by its struggling South Korean unit, but gave no hint whether GM would put in as much as the unit's biggest creditor wants.
IBTimes Logo

Key GM engine plant to be running by late 2010

General Motors Co GM.UL said on Tuesday it would have a Flint, Michigan, plant retooled to produce engines for its upcoming Cruze small car and its Volt electric vehicle by late 2010.
IBTimes Logo

UK union OK brings Opel deal closer

Agreement between Magna and a UK labour union on Tuesday brought closer a final deal for General Motors [GM.UL] to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium.
IBTimes Logo

Ford posts record China vehicle sales

Ford Motor Co said its China vehicle sales in the third quarter jumped 79 percent from a year earlier as Beijing's stimulus policies bolstered auto demand.
IBTimes Logo

GM aims to grow faster than China market in 2010

General Motors Co GM.UL aims to grow faster than China's auto market in 2010, its China chief said on Wednesday, after outperforming the country's overall market in the first three quarters.
IBTimes Logo

Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.
IBTimes Logo

India Sept car sales rise 21 pct y/y

Car sales in India rose an annual 21 percent in September for their eighth straight rise, with industry officials expecting continued robust growth as the economy improves and consumer confidence grows.
IBTimes Logo

China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.
IBTimes Logo

GM CEO says possible to sign Opel deal this week

General Motors Co GM.UL may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.
IBTimes Logo

FDP sees risk Germany shoulders full Opel burden

Germany could end up shouldering the entire burden of aid for Opel because Britain and Spain remain reluctant to support the planned sale of the carmaker to Canada's Magna, a Free Democrat (FDP) politician said.
IBTimes Logo

Tengzhong seeks approval for Hummer buy

Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
IBTimes Logo

Chevrolet to take 70 pct of GM sales: exec

General Motors Co's flagship Chevrolet brand expects to boost sales driven by new launches such as the Cruze small car and may represent 70 percent of the automaker's North American sales, the brand's chief said on Friday.
IBTimes Logo

GM Jan-Sept China vehicle sales up

General Motors Co GM.UL said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing's stimulus policies and boding well for record sales for the full year.
IBTimes Logo

GM signs deal to sell Hummer to Tengzhong

General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.
IBTimes Logo

GM signs deal to sell Hummer

General Motors Co on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.