German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said on Wednesday.
A healthcare agreement struck between Ford Motor Co and the United Auto Workers would not work for General Motors Corp , GM's chief executive said on Tuesday.
Advisers to bondholders of General Motors Corp said on Monday they have presented a framework plan to President Barack Obama's autos task force and the ailing No. 1 U.S. automaker that provides the company's best chance for an out-of-court restructuring.
Chrysler LLC's proposed deal with Fiat SpA is worth up to $10 billion for the cash-strapped U.S. automaker and could preserve 5,000 North American manufacturing jobs, Chief Executive Bob Nardelli said on Monday.
China's Geely Automobile Holdings, considered a potential buyer of assets from struggling global auto giants, said foreign acquisitions would allow it to secure technology and new markets but it remains cautious about possible deals.
Ford Motor Co has granted Chief Executive Alan Mulally options to buy 5 million shares in the automaker under a long-term incentive plan, it said in a U.S. regulatory filing on Friday.
American Axle & Manufacturing Holdings Inc's auditors have said the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler .
General Motors Corp has told U.S. officials that it can survive without $2 billion in additional aid that it had requested to get through March, the automaker said on Thursday.
General Motors Corp has told U.S. officials that it can survive through March without the additional $2 billion in emergency aid that it first requested, the automaker said on Thursday.
The economic crisis threatening to topple global automakers rocked two of Europe's biggest on Thursday as BMW posted a surprise fourth-quarter operating loss and Volkswagen warned of worse ahead.
Members of the Obama administration's autos task force met for the first time with the national leadership of the United Auto Workers on Monday as part of a visit to the Detroit area where they again met with executives of General Motors Corp and Chrysler.
Members of the Obama administration's autos task force toured General Motors Corp and Chrysler facilities in the Detroit area on Monday, checking new technology and meeting with company executives.
German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.
General Motors Corp said on Friday that it still prefers to restructure the business out of court rather than file for bankruptcy reorganization.
Senior members of the Obama administration's auto industry task force are meeting on Friday at the White House to review the status of restructuring efforts at General Motors Corp and Chrysler LLC, officials said.
Europe called for clarity on crisis-hit carmaker GM's plans for assets in the region with a German minister saying insolvency could be an option for Opel, while the Continental board met on Friday to discuss Schaeffler. As carmakers worldwide battle a sales slump, debate continued over the future of General Motors' European assets, with attention focusing on German brand Opel. German Interior Mi...
Asia stocks slid on Friday after a warning from General Motors' that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major U.S. companies and banks.
General Motors Corp on Thursday said its auditors had raised substantial doubt about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.
Stocks headed for a sharp drop at Thursday's open, weighed down by General Motors' warning about its viability and caution about the outlook for major conglomerate General Electric .
Ford Motor Co expects electric vehicles will represent a major portion of its lineup a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, Chief Executive Alan Mulally said on Wednesday.
Stock index futures fell on Thursday, weighed down by a warning from General Motors that there was substantial doubts about its ability to continue as a going concern and caution ahead of key data.
General Motors Corp’s German automaker unit Opel might cut 3,500 jobs if the government does not lend a helping hand, a press report said on Wednesday.
