US: Task force meeting GM to speed restructure
The Obama autos task force is meeting with General Motors officials now to speed its restructuring process, an administration official…
Detroit comes under renewed pressure
-
-
US: GM CEO says Canada talks “constructive”
General Motors was having constructive talks with governments of Canada and the province of Ontario about future funding support, new…
-
GERMANY: Pension plan not a problem – Opel
Opel has denied its pension obligations would be an obstacle to a sale, as claimed in an earlier newspaper report.…
-
NETHERLANDS: Dealers back Opel fund plan
Five European countries are now backing a plan that could see Opel dealers take a minority stake in the automaker.…
-
US: Three bidders still eyeing Hummer
Three bidders with offers from US$100m to $200m in cash and other commitments remain interested in General Motors SUV brand…
-
ANALYSIS: GM bankruptcy: brinkmanship, or smart minds at work?
The Obama team appears to be moving GM toward a quick, ‘surgical,’ pre-packaged bankruptcy, but parts of Wall Street remain…
-
US: GM will be “reinvented” – new CEO
General Motors is prepared for bankruptcy if necessary but will still emerge "reinvented" from its current crisis, new chief Fritz…
-
SWEDEN: Saab creditor protection extended
A Swedish court has extended the period General Motors unit Saab is protected from creditors, giving it further time to…
-
GERMANY: Abu Dhabi royals eye Opel – paper
Abu Dhabi's royal family might invest in Opel, a press report said on Monday. The Westdeutsche Allgemeine Zeitung newspaper quoted…
-
ANALYSIS: Can Obama’s ‘quick rinse’ wash away GM and Chrysler’s toxic debts?
The key word of Barack Obama’s election campaign was ‘change’. And that’s what GM and Chrysler are about to experience…