U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy.
General Motors Co GM.UL said on Wednesday its China vehicles sales in August jumped 112.7 percent from a year earlier, paving the way for a more than 40 percent rise in sales for the full year.
Luxury sportscar maker Koenigsegg is close to securing the financing needed to carry out its purchase of Saab Automobile from General Motors, a Swedish business daily reported on Tuesday.
U.S. auto sales boomed in August as $3 billion in government incentives spurred sharp gains for Hyundai Motor Co, Ford Motor Co and Honda Motor Co and left the industry facing shortages of top-selling vehicles.
General Motors Co [GM.UL] posted a 20.2 percent drop in U.S. sales in August from a year earlier, the highest sales of the year, supported by the U.S. government's
The General Motors board of directors will discuss the future of Opel in a telephone meeting on Tuesday, two sources familiar with the matter told Reuters.
The General Motors [GM.UL] board of directors will discuss the future of Opel in a telephone meeting on Tuesday, two sources familiar with the matter told Reuters.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
Market looks to jobs data; Reinvention for Funds; GM's New China Venture
General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).
General Motors may be dragging out a decision on the sale of Opel until after German federal elections in 30 days time, calculating that a new government in Berlin may drop its backing for Magna (MGa.TO).
DETROIT - U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
China's Tengzhong may finalize a deal with General Motors Co GM.UL as early as next week to acquire the U.S. automaker's Hummer brand, a source familiar with the deal said on Friday.
The German government said on Friday its talks with General Motors on the sale of carmaker Opel would take some time yet and made clear it still favored a bid from Canadian supplier Magna.
German Chancellor Angela Merkel said her government is committed to its negotiating stance over carmaker Opel, which has strongly favored auto parts maker Magna's bid, a newspaper reported.
Opel has the liquidity to operate until next year, a senior German government official said on Thursday as a rift appeared to develop in the ruling party over whether the General Motors Co unit should be sold to Canada's Magna International (MGa.TO).
Toyota Motor Corp has decided to end production at a California plant it has shared with General Motors for 25 years, industry sources said on Thursday.
A senior member of Chancellor Angela Merkel's Christian Democrats (CDU) broke ranks with the government over the future of Opel on Thursday, saying Canadian automotive firm Magna is not necessarily the best bidder for the carmaker.
WASHINGTON - Japanese and South Korean automakers registered the biggest market share gains in the U.S. government's cash for clunkers program that ended this week with bankruptcy related inventory shortages hurting General Motors Co [GM.UL] and Chrysler.
The German government signaled on Wednesday talks between Berlin and General Motors over the fate of its European unit Opel are threatening to drag on, raising the prospect of weeks more of negotiation.
