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Swedish media on Wednesday reported that Saab Automobile was close to bankruptcy, a day after luxury sportscar maker Koenigsegg abandoned its bid to buy the group from General Motors. AFP said financial daily Dagens Industri headlined 'The Death Knell' Full Article at Just-Auto.com
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A deal by General Motors to sell Saab has collapsed. GM says that Koenigsegg Group has decided to end the deal that was announced in June. Analysts say unless another buyer emerges soon, the Swedish car brand could be history. Full Article at NPR
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General Sales Manager Peter Van Den Berghe, left, talks to Jeff Harvery, center, of Auiroa, Colo. , about the Saturn Outlook that he is about to test drive at the Saturn of Denver dealership in the Denver suburb of Littleton, Colo. , on Thursday, Oct. 1... View Photo »
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Bochum remains an important part of the resources of General Motors in Europe going forward.
SOURCE: Shanghai Daily -
BERLIN, Nov. 25 (Xinhua) -- U.S. car giant General Motors (GM) is to cut up to 9,500 jobs in its Opel workforce in Europe, GM's new chief executive for Europe Nick Reilly said here on Wednesday. Full Article at Xinhua
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Ruesselsheim, Germany -- General Motors' top European official said today that all four Opel plants in Germany will remain open under a restructuring plan, leaving the threat of closure hanging over other facilities in Britain, Spain, Belgium and... Full Article at Detroit News Online
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STOCKHOLM (Reuters) -- A Swedish government official said today that General Motors Co. appeared to still have hopes of being able to sell its Saab unit after the wheels came off of a planned divestment this week. Full Article at Automotive News
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A woman walks past a General Motor's vehicle in Beijing on May 13, 2009. View Photo »
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The Excelle XT is Buick's first coupé-like sedan in China that is based on GM's all-new front-wheel-drive compact vehicle architecture ... Developed as a collaborative effort by GM's global team, the model was tailored for the domestic market by GM's Pan Asia Technical Automotive Center (PATAC) automoti...
– Wale (musician) SOURCE: Wolrd Car Fans -
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Staff and Wire Reports NEW YORK Brighter forecast pares market loss A brighter economic forecast from the Federal Reserve helped the stock market pare losses that followed uninspiring reports on consumer sentiment and housing. Full Article at South Bend Tribune
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A Swedish government official has reported that GM is still optimistic of selling Saab, rather than closing it down. Full Article at Autocar
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AP Photo
General Sales Manager Peter Van Den Berghe, left, talks to Jeff Harvery, center, of Auiroa, Colo. , about the Saturn Outlook that he is about to test drive at the Saturn of Denver dealership in the Denver suburb of Littleton, Colo. , on Thursday, Oct. 1, 2009.
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Getty Images
A woman walks past a General Motor's vehicle in Beijing on May 13, 2009.
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Reuters Pictures
The entrance to the Austrian factory of General Motors is seen in Vienna May 5, 2009.
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Reuters Pictures
An employees of General Motors's German unit Opel is pictured inside the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
The main entrance to the plant of General Motors's German unit Opel is pictured in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
A general overview shows a production area of General Motors's German unit Opel at the plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
Empoyees of General Motors's German unit Opel stand next to an Opel Corsa at the plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employee of General Motors's German makes finishing touches to an Opel Corsa at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employee of General Motors's Germany installs a battery in an Opel Corsa at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employee of General Motors's German unit Opel works on cockpit units for an Opel Corsa at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employee of General Motors's German unit Opel places an airbag unit into a steering wheel of an Opel Corsa at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employees of General Motors's German unit Opel has a cigarette break during a visit by German Foreign Minster Frank-Walter Steinmeier at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
An employees of General Motors's German unit Opel takes a photograph during a visit by German Foreign Minster Frank-Walter Steinmeier at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
Employees of General Motors's German unit Opel attend a visit of German Foreign Minster Frank-Walter Steinmeier at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
CEO of General Motors's German unit Opel Hans Demant stands next to employees during a visit of German Foreign Minster Frank-Walter Steinmeier at the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
CEO of General Motors's German unit Opel Hans Demant (R-L) and German Foreign Minster Frank-Walter Steinmeier listen to a worker during a visit of the plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
CEO of General Motors's German unit Opel Hans Demant (L-R), German Foreign Minster Frank-Walter Steinmeier and Christoph Matschie pose after a visit of the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
German Foreign Minster Frank-Walter Steinmeier (L-R) CEO of General Motors's German unit Opel Hans Demant and leader of the Opel works council Klaus Franz address the media after Steinmeier visited the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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Reuters Pictures
German Foreign Minster Frank-Walter Steinmeier (L) and CEO of General Motors's German unit Opel Hans Demant address the media after Steinmeier visited the Opel plant in the Eastern German town of Eisenach, May 4, 2009.
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AP Photo
FILE - This image provided by General Motors shows a 1968 Pontiac GTO in Detroit, Mich. General Motors announced it is killing off Pontiac, the maker of impressively big and noisy cars that, when it came to being immortalized in song and movies, once outdid everybody else.
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AP Photo
In this undated photo released by General Motors Corp. , a 2009 Pontiac Solstice GXP is shown. General Motors announced this past week that it is killing off the Pontiac brand.
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AP Photo
In this undated photo released by General Motors Corp. , a 1997 Pontiac Grand Prix GT is shown. General Motors announced this past week that it is killing off the Pontiac brand.
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AP Photo
In this undated photo released by General Motors Corp. , a 1984 Pontiac Fiero is shown. General Motors announced this past week that it is killing off the Pontiac brand.
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AP Photo
In this undated photo released by General Motors Corp. , a 1976 Pontiac Firebird Trans Am is shown. General Motors announced this past week that it is killing off the Pontiac brand.
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AP Photo
Retirees, family members and individuals who hold General Motors Corp. bonds are shown at a news conference in Warren, Mich. , Wednesday, April 29, 2009. Individuals who hold General Motors Corp. bonds said they want a better deal than the debt-for-equity swap the company is offering.
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Bochum remains an important part of the resources of General Motors in Europe going forward.
SOURCE: Shanghai Daily -
The Excelle XT is Buick's first coupé-like sedan in China that is based on GM's all-new front-wheel-drive compact vehicle architecture ... Developed as a collaborative effort by GM's global team, the model was tailored for the domestic market by GM's Pan Asia Technical Automotive Center (PATAC) automoti...
– Wale (musician) SOURCE: Wolrd Car Fans -
The Excelle XT is Buick's first coupé-like sedan in China that is based on GM's all-new front-wheel-drive compact vehicle architecture ... Developed as a collaborative effort by GM's global team, the model was tailored for the domestic market by GM's Pan Asia Technical Automotive Center (PATAC) automoti...
– Wale (musician) SOURCE: Wolrd Car Fans -
I can tell you that the last funds (received by) General Motors have been paid back, which means that the Opel operation has not cost the German taxpayer a cent.
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I can tell you that the last funds for Opel have been paid back by General Motors ... I expect at least a thank you letter from General Motors in a few years.
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I can tell you that the last funds for Opel have been paid back by General Motors ... I expect at least a thank you letter from General Motors in a few years.
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A muted industry recovery indicates that in Fitch's view, neither General Motors nor Chrysler will be in a position to access the equity markets in 2010.
SOURCE: Detroit News Online -
We're not a consumer, retail automaker ... What Ford and GM are doing is taking a passenger car, adding lights and a siren and a shotgun mount and a few other things. We've started with a clean sheet of paper to make a purpose-built solution from the ground up, made in America.
SOURCE: Indianapolis Star -
I guess my reaction is: Let's do everything humanly possible to keep what manufacturing jobs we have left ... After General Motors closed, after Chrysler closed, after Valero -- we have got to just bend over backwards to keep responsible manufacturing jobs with the economic multiplier they bring to the ...
SOURCE: The Delaware News Journal -
With setting up of projects by Jindal, General Motors, and US transport and aviation major Bombardier in vicinity of Vadodara city, the city is all set to become the Speed Capital of India.
SOURCE: Webindia123 -
We are very interested in exploring bringing diesel engines to the U.S., Canada and Mexico ... It makes sense: the performance is good, and Mazda consumers don't remember the old GM diesel car belching black smoke, or the 45 horsepower [Volkswagen] Rabbits. They view them as clean and lean and smooth.
SOURCE: MediaPost.com -
All in, General Motors lost nearly $6 billion dollars with Saab in the eight years they spent together.
SOURCE: AutoblogGreen -
When General Motors was in danger, everybody was scared. We were scared. Because some of our suppliers are big suppliers of General Motors ... If they go down, we would not have been able to assemble any single car in the United States.
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When General Motors was in danger, everybody was scared. We were scared. Because some of our suppliers are big suppliers of General Motors ... If they go down, we would not have been able to assemble any single car in the United States.
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Renewal of this partnership with GM Egypt and Mansour Chevrolet is the result of over 25 years of a fruitful strategic partnership which has existed since the launch of GM Egypt in 1984. Such cooperation is the natural extension of a global partnership and synergy between ExxonMobil Egypt and GM Global....
SOURCE: AME Info -
Renewal of this partnership with GM Egypt and Mansour Chevrolet is the result of over 25 years of a fruitful strategic partnership which has existed since the launch of GM Egypt in 1984. Such cooperation is the natural extension of a global partnership and synergy between ExxonMobil Egypt and GM Global....
SOURCE: AME Info -
We obviously would be very happy if Chrysler and GM were making lots and lots of high mileage cars. It's not a prerequisite. It's not an obligation
SOURCE: ABC News -
We are not going to meddle in GM's decisions ... We are a shareholder but we are not an active shareholder. We have specifically said that we are not in the business of running a car company. We're not getting involved in day-to-day management.
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Apriso has helped Shanghai General Motors achieve significant cost reductions by transforming their manufacturing operations into a collaborative, responsive set of processes and interlocking systems ... When facing considerable demand fluctuation and unknown supplier quality for work in process, manufa...
SOURCE: TheAutoChannel.com -
Approximately 1.63 million Canadians own Pontiac or Saturn-branded products with 370,000 others driving vehicles carrying one of GM’s older defunct nameplates
SOURCE: Canada.com -
The original thought was nobody would buy car from someone in bankruptcy ... But what we saw with Chrysler and GM was that people don't really make a connection between, say Jeep and Chrysler, or Chevrolet and GM.
SOURCE: MediaPost.com -
Chevrolet needs to be the General Motors Co.
SOURCE: Edmunds -
General Motors has invested $70 million in a Middle East parts distribution centre to ensure availability is as fast as 24 hours
SOURCE: Zawya.com -
Today's release of General Motors' financial results is further proof that President Obama's economic experiments are wrong for America.
SOURCE: Jalopnik
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