GM still wants to sell Opel; Germany

Germany believes the management of General Motors Company is still committed to finding a buyer for its European unit Opel/Vauxhall, government officials said after talks with the US carmaker in Berlin.

At a meeting last Friday, GM’s board of directors postponed a decision on management’s proposals to relinquish a controlling stake in Opel either to Canadian [...]

GM pushing to conclude Opel sale

General Motors Company has no intention of reopening the sale process for its European operations, which build Opel and Vauxhall vehicles, and remains intent on reaching a deal with one of the two remaining bidders as quickly as possible.

GM Chief Financial Officer Ray Young said the company was looking to wrap up the Opel/Vauxhall sale [...]

Holden’s Reuss gets top job in Detroit

General Motors Company, in its final round of senior executive shake-ups following its July 10 exit from Chapter 11 bankruptcy, has named the outgoing GM Holden president and managing director, Mark Reuss, as vice president of global vehicle engineering.

The very senior post for Mr Reuss, 45, means he will replace GM veterans Jim Queen, 60, [...]

GM ads that might have been

For those of you who may not have seen these fanciful General Motors advertisements before.

Enjoy.

Magna offers more for Opel/Vauxhall

Canadian car parts maker Magna International offered to increase the amount of upfront capital it would invest in Opel/Vauxhall as part of a bid for the General Motors’ European unit, several sources have said according to Reuters Newsagency.

The revised bid leaves the total proposed amount at some 500 million euros (US$714 million), but tilts the [...]

Bidder could sell Opel back to GM

In a move that flies in the face of the expressed opinions of the German government, which controls the purse strings and the essentially the process on the future of General Motors troubled European unit, one bidder is reported to have acknowledged it could sell Opel/Vauxhall back to the US company.

RHJ International, a bidder for [...]

GM Holden chief replaced

The sweeping changes in the General Motors management have filtered down to GM Holden with chairman and managing director, Mark Reuss, being replaced by his sales chief.

GM Holden announced this morning that 46-year-old Alan Batey, would take over the role from September 1.

GM takes clean sweep of management

General Motors Company, the US government controlled company that has taken over the ‘good’ parts of GM, has swept the broom through senior management, announcing major changes in more than 20 senior roles.

Most significant, and interestingly indicating a trend for moving senior GM Europe staff back to the US before that business is sold off, [...]

GM to appoint new boss at Cadillac

General Motors Company, continuing to shake up management since exiting bankruptcy two weeks ago, plans to name designer Bryan Nesbitt as chief of Cadillac.

The appointment is scheduled to be announced later today and takes effect August 1, said GM  spokesman Terry Rhadigan.

Germany, GM disagree on Opel future

Canadian car parts maker Magna is still Germany’s preferred partner to take a majority stake in GM Europe, Chancellor Angela Merkel has said, setting the stage for a showdown with General Motors over the takeover bids.

Officials from the German government and GM discussed the three offers for the loss-making European subsidiary that builds Opel and [...]

No decision soon on GM Europe

Newsagency reports indicate that a meeting in Berlin later today will not resolve the future of the loss-making GM Europe subsidiary of General motors

The meeting between US carmaker General Motors and German government officials will not yield a decision on which bidder will succeed in taking a stake in the company that produces Opel and [...]

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