Opel workers aim to avert closure of a Belgian factory in Antwerp following a takeover by Canadian automotive group Magna (MGa.TO) by shortening working hours there, Opel's labor leader said on Tuesday.
Magna International (MGa.TO) does not believe its controlling stake in European automaker Opel will have a negative impact on its current customers, a top executive said on Monday.
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.
Germany's plan to provide 4.5 billion euros ($6.5 billion) in state aid to Opel threatened on Monday to spark a political storm across Europe over where the carmaker was likely to cut plants and jobs.
General Motors Co [GM.UL] has ended temporary pay cuts for salaried workers that were put in place four months ago to preserve cash before the automaker filed for bankruptcy, a spokeswoman said.
A decision by General Motors Co to sell a controlling interest in its European unit, Opel, was the first major decision for GM's new board and an important test of the U.S. government's pledge to let the directors and management run the company.
Canadian automotive supplier Magna International promised on Friday to ringfence its Opel operations once it takes control of the former General Motors carmaking unit.
When General Motors Co Chief Executive Fritz Henderson saw the automaker through bankruptcy in July, he emerged with a new mantra.
General Motors on Thursday ended months of uncertainty, announcing it had reached a deal to sell a majority stake in its European unit Opel to Canadian car parts maker Magna, backed by Russia's Sberbank.
General Motors Co said on Thursday it will offer consumers a 60-day, money-back guarantee on new vehicles and roll out a barrage of new advertising over the next year aimed at winning back American consumers who have abandoned its brands.
General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.
U.S. carmaker General Motors has decided to sell Opel to a group led by Canadian car parts maker Magna, signaling an end to months of uncertainty for the European unit and its 50,000 workers.
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.
Ford Motor Co sees no near-term North American labor cost disadvantage with rivals General Motors Co and Chrysler Group LLC, but is in talks with its unions to address longer-term concerns, its global labor chief said on Thursday.
General Motors does not plan to retake majority control of Opel at a later date, the U.S. carmaker's chief negotiator John Smith said on Thursday after GM decided to sell the unit to a group led by Canada's Magna.
The Opel Trust board, which controls a 65 percent stake in Opel and has the final word on who can acquire the carmaker, is split on General Motors' plan to sell the unit to a group led by Canada's Magna, a German government source said on Thursday.
The struggle to pick an owner for General Motors' Opel unit was set to come to a head on Thursday after the U.S. carmaker said it had made a decision and would communicate the verdict at a news conference.
General Motors Co on Thursday announced it was selling a 55 percent stake in Opel to Magna and Sberbank.
General Motors has told Germany it wants to sell its European subsidiary Opel to Canadian auto parts group Magna, German Chancellor Angela Merkel said on Thursday.
Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring.
General Motors is prepared to sell its European carmaker Opel to Canada's Magna, two people familiar with the negotiations told Reuters on Thursday.
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.
