Berlin and Madrid to work closely on Opel jobs issue
Berlin - The German and Spanish governments said Wednesday they plan to work closely to avert major job losses and factory closures at General Motors' European division Opel. German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodrig...
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Opel's future thrown into doubt as GM mulls sale
Berlin - US carmaker General Motors' sale of its troubled Opel unit has been thrown into uncertainty after GM said Friday it was putting the deal on hold until next month amid speculation it may seek to retain control of its European offshoot. The De...
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US electric cars to be built at old GM gas guzzler plant
Washington - A fledgling US electric car maker Tuesday said it is converting an abandoned General Motors plant in the north-east state of Delaware to build two lines of plug-in hybrid cars. Fisker Automotive, which has another production line in Cali...
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Cars (General) ]
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GM hold talks with Germany on future of its Opel unit
Berlin - Giant US carmaker General Motors Co launched fresh talks with the German government Wednesday on a restructuring plan for its troubled European offshoot, Opel. But while GM vice president John Smith met with key officials, the US auto group ...
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GM needs 3.3 billion euros for Opel revamp - Summary
Berlin - Giant US carmaker General Motors Co will need about 3.3 billion euros (5 billion dollars) for the restructuring of its troubled European Opel offshoot, German Economics and Technology Minister Rainer Bruederle said Wednesday. Speaking after ...
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European head of General Motors quits - Summary
Ruesselsheim, Germany/Washington - The European head of General Motors, Carl-Peter Forster, is quitting after GM's surprise U-turn over European subsidiary Opel, the US carmaker confirmed Friday. Detroit-based GM did not give a reason for Forster's d...
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GM's European head quits, company confirms
Washington - The head of General Motors' European subsidiary is quitting, the carmaker confirmed Friday, just days after GM's surprise announcement that it was holding onto its troubled European operations. Carl-Peter Forster, president of Opel Europ...
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Putin spokesman: 'Astonishment' over GM decision on Opel
Moscow - The Russian government expressed its surprise Wednesday at the decision by US car giant General Motors to hold onto its European subsidiary Opel and not to sell it. Dmitry Peskov, a spokesman for Prime Minister Vladimir Putin, was quoted by ...
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EXTRA: GM willing to return German government loan
Frankfurt - General Motors is willing to return a German government loan of 1.5 billion euros (2.2 billion dollars) which helped GM's European unit Opel to avert bankruptcy in May, an Opel spokeswoman said in Frankfurt Wednesday. German government of...
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GM to avail itself of another 2.8 billion dollars in aid
New York - Ailing US carmaker General Motors (GM) plans to draw on another 2.8 billion dollars in aid from the US government in an effort to purchase parts of Delphi, a car parts maker spun off from GM in 1999. The Monday night announcement means the...
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US (Business) ]
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Opel employees agree to restructuring deal with Magna
Ruesselsheim - Employees of ailing German carmaker Opel agreed to a restructuring deal with its proposed future owner, Canadian car parts manufacturer Magna, on Tuesday. The workforce at General Motors' European subsidiary was willing to forfeit 265 ...
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GM spat sends mixed message on state aid for Opel - Summary
Berlin - A disagreement between the two top executives of US automotive giant General Motors (GM) has created confusion about whether or not the firm will get German government money to restructure its European subsidiary Opel. Signs of a power strug...
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Sale of GM European carmaker faces last-minute hurdles
Berlin - Giant US carmaker General Motors (GM) hopes of signing off on a deal Thursday to sell its European offshoot Opel appear to have run into last-minute problems, company sources told the German Press Agency dpa. Detroit-based GM was expected to...
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Cars (General) ]
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Merkel hits out at GM over Opel revamp - Summary
Berlin - German Chancellor Angela Merkel lashed out Tuesday at giant US carmaker General Motors, saying it would have to bear most of the cost of restructuring its troubled European Opel offshoot. Speaking to parliament, Merkel said GM has not been i...
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Bidder for Swedish carmaker Saab pulls out
Stockholm - The sale of Swedish carmaker Saab was halted Tuesday after the potential buyer said it had pulled out of talks. Saab's current owner, US group General Motors (GM), confirmed the announcement by the Koenigsegg Group AB - which had previous...
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GMto present restructuring plan this week - Summary
Brussels - General Motors is to present a restructuring plan for its European subsidiary this week, officials said Monday after holding talks in Brussels aimed at averting a subsidies war between the five European Union countries which host Opel pl...
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GM will keep Germany's Bochum plant open, chief says
Duesseldorf, Germany - A threatened Opel car plant in the German city of Bochum will not now be closed, General Motors' (GM) European Chief Executive Nick Reilly said Tuesday. The 4,900 staff at the plant in western Germany had feared closure under G...
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