GM edges closer to Chapter 11

GERMANY/US: GM expects at least three Opel bidders

General Motors said on Wednesday it expected at least three bidders for a stake in Opel to hand over plans…

VENEZUELA: GM suspending operations for 3 months

General Motors will suspend operations in Venezuela for at least three months from June due to falling sales and government…

US: GM ‘offshoring’ plans a “real problem”

General Motors plans to close factories and ship some US production overseas has become a "real problem" in negotiations with…

CANADA: GM, CAW, get final agreement deadline

General Motors and the Canadian Auto Workers (CAW) must reach a cost-savings deal by 31 May to qualify for a…

GERMANY: Banks agree Opel/Vauxhall bridging loans

The German government has agreed with a group of state-owned banks to provide bridging loans for General Motors' Opel/Vauxhall unit…

SWEDEN: Saab asks for three more months to reorganise

Saab has asked reorganisation judges at the Vaenersborg district court in southwestern Sweden for an additional three months to reorganise…

GERMANY/ITALY: Fiat boss meeting Opel unions

Fiat CEO Sergio Marchionne and leaders of Germany's IG Metall union, including head Berthold Huber, are scheduled to meet today…

GERMANY: Opel could make cars for others – reports

General Motors' Opel unit could end up making cars for other manufacturers if Magna International becomes its partner, German media…

CANADA: GM-union talks snagged

Last minute talks between General Motors and the auto workers union in Canada hit a snag on Sunday, labour officials…

GERMANY: Opel trustee plan gathers speed

If General Motors files for bankruptcy at the end of the month before reaching a solution for its Opel/Vauxhall subsidiary…