GM may close Opel’s German plant by 2015 and shift to low-cost plants
General Motors Co. may shut down its production lines in the United Kingdom and Germany and shift them to low-cost countries like Mexico, Korea and China, Russia and Poland, German... Read more
Auto industry in Europe to undergo a restructuring, says General Motors
General Motors Co. expects the auto industry in Europe to undergo a restructuring as sales and pricing take a beating, according to analysts who talked with GM’s management. In a research... Read more
General Motors sees more cost-cutting measures in Europe
General Motors Co. announced that there will be more cost cuts for its loss-making European unit following the failure of the last turnaround plan to end losses there. GM Chief executive... Read more
General Motors faces pressure to reduce Opel production, workforce
Dan Akerson, chief executive of General Motors Co., is under intense pressure to balance the company’s record profits with the losses that its European operations continue to incur. For... Read more
GM in talks to shift Cruze and other Chevrolet models to Europe
General Motors Co. is in talks with unions on transferring the production of some Chevrolet models from South Korea to Europe, as part of its European turnaround strategy, people privy to... Read more
GM will present a new viability plan for Opel in December
As General Motors Co. seeks to reduce production by 20%-25% across Europe, it will be presenting a new viability plan for Opel this December, GM Europe boss Nick Reilly announced. As part... Read more
Carl Forster to quit GM following the collapse of the deal to sell Opel
With the collapse of the deal to sell GM unit Opel to Magna International, GM's head of European operations Carl-Peter Forster has decided to quit. The report was broken by German... Read more
GM developing a range of diesel-electric hybrid drivetrains
In five years, we could be seeing a range of diesel-electric hybrid drivetrains developed by General Motors Co. that would appear in production Vauxhalls and Opels. Engineers at GM... Read more
Report: GM must raise share of costs to receive state aid for Opel
German Economy Minister Rainer Bruederle confirmed that there are demands for General Motors Co. to contribute considerably more towards the restructuring costs for Opel, GM's European... Read more
Britain to support GM for Vauxhall’s future
At the Society of Motor Manufacturers and Traders (SMMT) conference, Lord Mandelson has pledged to put up cash to secure Vauxhall's future in the UK if ongoing talks eventually reveal... Read more
Official: GM finalizes an agreement to sell Saab to Koenigsegg
Despite uncertainty swirling around the deal, General Motors has finalized an agreement to sell 100% of Saab to Koenigsegg Automotive. Last June, a preliminary deal was struck however;... Read more
GM and Opel looking for a third-party partnership
The restructuring plan presented to the US government recently by GM shows a truly global character as the company is deliberating a workforce cut and selling a portion of its stake... Read more
Chrysler drops the contract with Magna
Chrysler has dropped the Magna contract and will instead have its cars manufactured in a newly acquired factory in Italy, according to Fiat CEO Sergio Marchionne. However, Magna will... Read more
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