World news about “General Motors” published by euronews.
Europe getting better for GM but no turnaroundGeneral Motors has posted stronger-than-expected quarterly profit, based on reducing costs in its North American business along with its European division –… 02/05/2013
Geneva Motor Show: a tale of two markets It is all shiny new cars and beaming smiles at the Geneva Motor Show, but what is the real state of play in the market in Europe and elsewhere? In this… 07/03/2013
Peugeot and GM change alliance plans General Motors and Peugeot Citroen have announced the revised terms of their joint venture. Plans to produce a mid-sized car have been scrapped, but they… 20/12/2012
European car giants reportedly halt talks Peugeot and General Motors have put the brakes on talks due to the French car makers financial problems and government-backed bailout, according to… 13/11/2012
Driven to buy in Uzbekistan With buyers literally fighting to get into showrooms and order its cars, General Motors in Uzbekistan is launching a new model. The Chevrolet Cobolt, the… 05/09/2012
Detroit: Bailing out the American Dream Detroit, better known as the Motor City or simply Motown, is a city which for decades stood as a symbol of the American dream. Ford, General Motors and… 30/08/2012
Writing on wall for Opel’s Bochum plant Anxious workers at Opel’s Bochum factory, one of four the General Motors-owned subsidiary has in Germany, are worried the axe is about to fall on their… 21/05/2012
GM chooses UK for Astra, bad news for Bochum General Motors is to build the next generation of its Astra compact car in Britain creating 700 new jobs. The decision came after workers at its factory in… 17/05/2012
Two European GM plants set to close – report General Motors’ European division is reportedly planning to close two plants to cut manufacturing capacity by almost a third. Union sources said the… 23/03/2012
ECB pumps massive funds into finance system This past week was rather like the start of spring for the finance world after a stormy winter with the help of the European Central Bank’s massive financing… 02/03/2012
Peugeot GM alliance targets savings PSA Peugeot Citroen has agreed to form an alliance with General Motors. GM will take a seven percent stake in the French carmaker which will issue new… 29/02/2012
GM may buy small Peugeot stake Shares in PSA Peugeot Citroen rose sharply on Tuesday on reports that General Motors is in advanced talks on buying a small stake in the French carmaker –… 28/02/2012
Peugeot ‘considering production deal’ with GM PSA Peugeot Citroen is reportedly talking to General Motors about a broad manufacturing alliance. The idea is to reduce their losses in Europe and lower… 22/02/2012
GM back at the top General Motors regained its title as the world’s top-selling carmaker from Japanese rival Toyota last year. GM, which was on the brink of bankruptcy less… 20/01/2012
Saab reaches end of the road The Dutch owner of Saab has filed for bankruptcy, ending a nine-month battle to rescue the struggling Swedish carmaker. That comes after Saab’s former… 19/12/2011
GM triples first quarter profit Car giant General Motors’ quarterly profit has more than tripled beating expectations and spurred on by a recovery in the US market and improved sales across… 05/05/2011
Shanghai motor show opens The top motor show in the world’s largest car market has opened in Shanghai. Underlining how important China now is for the world’s auto manufacturers… 19/04/2011
Japanese parts shortage closes GM plant in US General Motors is to temporarily close one of its US factories due to a shortage of parts that are made in Japan. It is a sign of the growing effects on… 18/03/2011
GM told cut your losses with Opel-VauxhallDump Opel and Vauxhall – that was the blunt message to General Motors from analysts at Morgan Stanley. They point out that GM’s decision not to sell its… 07/09/2012
GM back in annual profitGeneral Motors has reported its first full-year profit since 2004 of 4.7 billion dollars (3.4 billion euros). The top US carmaker’s fourth-quarter earnings… 24/02/2011
Toyota just beats GM in 2010 salesIt was a close run thing for the title of the world’s top carmaker last year. Toyota kept its spot at the top of the global sales ranking for the third… 24/01/2011
GM unveils its new electric hybridThe first of General Motors’ new battery-powered car, the Chevy Volt, has rolled off the production line. The company is to hire 1,000 engineers in a bid to… 01/12/2010
Strong opening for GM’s first day of tradingJust a year and a half after facing bankruptcy, General Motors is back with a bang as the biggest flotation in US history. Ringing the bell at the opening… 18/11/2010
General Motors returns to US stock marketOnce-bankrupt automaker General Motors will return to the US stock market on Thursday. The company will offer shares at US$ 33 each, 18 months… 18/11/2010
GM boosts size of share saleGeneral Motors has set the final terms for its landmark initial public offering of stock. It is boosting the number of shares for sale and could raise… 17/11/2010
SAIC ‘to buy stake in GM’One of China’s biggest carmakers – Shanghai Automotive – is reportedly to invest in General Motors. GM’s shares go on sale in an initial public offering… 15/11/2010
End of the road for Opel AntwerpOpel’s car assembly plant in Antwerp, Belgium, is to close at the end of the year. Parent company General Motors said it had been unable to find an outside… 04/10/2010
GM share offering details emergeGeneral Motors is planning to start promoting its initial public offering of shares on 3 November, immediately after the US midterm congressional… 02/09/2010
GM moves towards IPOGeneral Motors has taken the first step to paying back the billions it was given in a controversial taxpayer-funded bailout. The carmaker – which is… 19/08/2010
GM posts best quarterly profit since 2004General Motors has announced its biggest quarterly profit in six years. It was in the black for the second consecutive quarter. Net earnings were $1.3… 12/08/2010
GM ‘shares on sales soon’General Motors is reportedly about to move forward as early as next week with a public offering of shares that could raise 16 billion euros and which would… 24/06/2010
GM triples Opel financingGeneral Motors has tripled the mount of money it will put into the restructuring of its European arm Opel and Vauxhall and reduced the amount of state aid it… 02/03/2010
End of the road for HummerGeneral Motors has said it will wind down production of Hummers after government regulators in Beijing refused to approve a bid by a small Chinese… 25/02/2010
Opel wants aid to fund job cutsGeneral Motors European division Opel and Vauxhall has asked the German federal and state governments for 1.5 billion euros in state aid. That will help pay… 09/02/2010
Hummer deadline pushed backGeneral Motors has agreed to push back the deadline for its sale of the Hummer brand by one month to the end of February. That is in response to a request… 01/02/2010
Final mile for SaabSaab’s parent company General Motors has confirmed it is still reviewing the bids it has received, but has also appointed a restructuring firm to oversee the… 08/01/2010
Saab’s fate near sealedAs the Thursday evening deadline neared for General Motors to either sell or close Saab various prospective bidders were making last-ditch efforts to buy the… 07/01/2010
Saab sale still possibleSaab has said its parent company, General Motors, will be flexible in its deadline for bids for the Swedish car marque. GM had given itself to the end of… 30/12/2009
Spyker still hoping for SaabShares in Spyker soared over 17 percent on Monday after the Dutch luxury carmaker announced a fresh attempt to buy Saab from General Motors. Its renewed… 21/12/2009
End of the road for SaabGeneral Motors has said it will wind down operations at its loss-making Swedish unit after an attempt to sell it to small Dutch luxury carmaker Spyker… 18/12/2009
GM’s Henderson walks after a failed eight monthsFritz Henderson has resigned his post as Chief Executive of General Motors after just eight months behind the wheel. Company directors agreed that the… 02/12/2009
GM sacks CEO, may close SaabThe ailing US car giant General Motors has made changes at the top as it searches for a route back to health. Fritz Henderson spent his whole career at … 02/12/2009
Saab goes seeking fesh suitorsTop of the agenda at Tuesday’s board meeting at General Motors is what to do with Swedish carmaker Saab. Saab, GM and the Swedish government are engaged in… 01/12/2009
GM present re-structuring plan for OpelGM have announced they will be keeping all Opel plants in Germany open. The US car-maker has presented its restructuring plans for the ailing brand. … 25/11/2009
A fifth of jobs could be cut at OpelUp to 9,500 European jobs could be cut at car-maker Opel, if General Motors implement their reorganisation plan. That adds up to nearly 20 per cent of the… 24/11/2009
Anger at GM’s Opel U-turn rumbles onOpel workers in Germany continue to vent their spleen after General Motors announced it was to abandon its plan to sell off its European car-making unit… 06/11/2009
Opel workers vent anger at GMThousands of Opel workers in Germany have downed tools and staged a protest over GM’s decision to abandon a Russian-backed rescue plan. GM, the parent… 05/11/2009
GM u-turn has widespread consequencesBesides Germany, the fallout from the GM decision not to sell Opel has affected a number of countries around Europe. Gloom hung over the workers at the… 05/11/2009
Politicians seething over GM U-turnGM’s decision to keep Opel has left politicians in Moscow and Berlin seething. The Kremlin is hinting that it believes GM no longer has the right to… 04/11/2009
GM’s move to claw back Opel angers almost everybodyA U-turn by General Motors over the sale of Opel – which includes Vauxhall in the UK – has been met with hostility and anger in Germany. GM first said in… 04/11/2009
Car workers stunned by GM U-turn over Opel saleThe jobs of more than more than 50,000 European car workers hang in the balance again today after a shock decision by General Motors to go back on a deal to… 04/11/2009
GM pulls out of Magna deal at last minuteThe shockwave created by GM’s decision to hang on to Opel is washing around the carmaker’s European plants. Months of talks now seem to have been in vain, and… 04/11/2009
GM stuns Europe by holding onto OpelThe board of General Motors has decided to keep Opel. This has unravelled months of tough negotiations to sell the European unit to a Russian-backed group led… 04/11/2009
Germany issues Opel assuranceWith still no date fixed for the signing of the deal for GM to sell Opel and Vauxhall, the German government has issued an assurance that its offer of 4.5… 19/10/2009
Opel Vauxhall sale deal nearThe future of General Motor’s Vauxhall plants in Britain has been secured according to the UK trade union Unite. Tony Woodley, joint general secretary of… 13/10/2009
Job losses expected as Magna buys GM EuropeGeneral Motors may have handed over the keys of its European arm Canadian car parts maker Magna – but the final agreement still needs to be thrashed out. The… 11/09/2009
Car workers await news on job cutsCar workers at Opel and its sister company Vauxhall are waiting to find out if their jobs are safe after General Motors announced the sale of the two motor… 11/09/2009
Opel and Vauxhall await GM’s future plansThe American owners of Vauxhall and Opel have ended months of uncertainty over the future of the european car makers. The General Motors board say they have… 10/09/2009
Koenigsegg closer to buying SaabThe money seems to be in place for the luxury sportscar maker Koenigsegg to buy Saab from General Motors. A top government official – State Secretary… 07/09/2009
Opel’s future still up in the airThe future of Opel and Vauxhall remains unclear after a meeting between German national and regional government officials and General Motors’ vice president… 25/08/2009
Unions angry over Opel sale delayGeneral Motors’ delay in picking a buyer for its European division has angered workers at Opel. GM was supposed to reach a decision last Friday on selling… 24/08/2009
GM-Opel saga heats up German election raceThe General Motors-Opel saga continues to make political mileage in Germany. On Friday, GM said it needed more time to decide who to sell Opel to. Some… 22/08/2009
Scrappage scheme boosts UK car salesSales of cars in Britain have risen for the first time in over a year. Manufacturers and trader said they were boosted by a government scheme to pay money… 06/08/2009
