Tag: General Motors
Opel deal must help Russian car industry
Russian Prime Minister Vladimir Putin told executives Monday that the rescue of German carmaker Opel by Canada's Magna and Russian state-owned bank Sberbank must...
Execs urge “exit strategy” for auto takeovers
With bankruptcy and a government takeover looming for auto giant General Motors, three prominent US business leaders cautioned Sunday that the government should get...
GM bondholders ‘approve debt restructuring deal’
Ailing General Motors moved closer Sunday to its expected bankruptcy filing as company bondholders approved a government-sponsored debt for equity deal, The New York...
Germany rescues Opel, for now
Germany has ensured that Opel's tens of thousands of workers will still have a job on Monday when its once-mighty US parent General Motors,...
GM reaches cost-cutting deal with Canadian union
The Canadian Auto Workers union reached agreement with General Motors to reduce labor costs, paving the way for authorities to further fund the ailing...
Saab Confident It Will Get More Time To Restructure
Saab Automobile AB, put up for sale by owner General Motors Corp. (GM), is confident a Swedish court will give it more time to...
‘Progress’ in last gasp GM talks
General Motors and auto workers have made some headway in last gasp negotiations and will continue their talks Sunday, even though a government deadline...
GM temporarily closes Mexican plants
Struggling US automotive giant General Motors will temporarily close three of its Mexican plants in May and June, local news media reported. The move is...
Job losses as GM, Chrysler close dealerships
Moves by ailing carmakers Chrysler and General Motors to slash their US dealerships will cost tens of thousands of jobs, taking a heavier toll...
GM notifies 1,100 dealers they’re out
General Motors notified 1,100 of its 6,000 dealerships Friday that it is terminating their contracts with the struggling automaker, the first step in an...