GM to sell Opel to Magna by end of November

The General Motors board has chosen to sell 55 per cent of its European subsidiary Opel/Vauxhall to Canadian parts manufacturer Magna International and its Russian partner Sberbank by November 30th.

A senior executive from General Motors said it should close a deal with Magna and Sberbank by the  November deadline.
“I see no obstacles [...]

Holden Astra is officially finished

GM Holden has confirmed to CarAdvice something that’s been fairly obvious for a while; the Holden Astra imported from Opel in German is no more.

Holden has also said it has no intention of importing the next generation Astra into Australia and has confirmed that the suspension of Astra imports, which we first told you about [...]

Toyota confirms closure of NUMMI plant

As we reported yesterday, Toyota had hinted that it would cease operations at its California, US, plant – a move now confirmed by the Japanese manufacturer.

The New United Motor Manufacturing Inc. plant (or NUMMI) – a joint venture plant between Toyota and GM – will cease production by March 2010.

Holden Commodore, Statesman and Caprice get ANCAP five-star

GM Holden has today announced that for the first time ever its entire range of locally manufactured passenger cars have been awarded the maximum five-star ANCAP rating.

The MY10 (model year 2010) range, to be released next month, will feature a five-star score on Commodore sedan and Sportwagon variants as well as Statesman and Caprice models.

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 [...]

Chevrolet Camaro on sale in Australia

Chevrolet Camaro fans need not be disappointed at GM’s decision to not import the iconic sports coupe into Australia, as the car will be available for sale here from around October.

Queensland based company Performax International will be the first importer and right-hand drive converter for the hero car in Australia.

GM angers Germany over Opel decision

The game of brinkmanship that General Motors has been playing over the future of its loss-making European subsidiary, GM Europe, which makes Opel and Vauxhall vehicles, has started to unravel it would seem.

GM has been suggesting for more than a week that it was about to decide between two suitors for Opel/Vauxhall and would announce [...]

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 [...]

Chevrolet Volt nabs 230mpg rating

General Motors’ upcoming green flagship, the 2011 Chevrolet Volt, has received an official fuel consumption rating of 230 miles per gallon or just 1.022 litres per 100km.

This makes the Volt the first car ever to receive a triple digit fuel economy rating, although this figure may not be as impressive as it sounds.

Holden Commodore to get new engines

GM Holden will tomorrow unveil significant updates to its Commodore range aimed at cutting fuel consumption and luring buyers back to the declining large car market segment.

Holden will take a different course to that recently announced by major rival Ford, instead unveiling smaller and more fuel-efficient versions of its V6 engine.

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, [...]

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