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Main  >  Car Makers News  >  GM  > 
GM hourly workers face permanent layoffs | detnews.com | The Detroit News
-- While General Motors Co. does not plan any deep job cuts, the automaker still has too many hourly workers and could permanently eliminate some of the 6,000 to 7,000 workers currently on layoff. Some of the workers are temporarily or indefinitely laid off and while GM is adding shifts at a few plants to boost output, some of the workers not called back could lose their jobs, CEO Fritz Henderson said Thursday at the Renaissance Center. "If it turns out after a period of time, that those people aren't... Full article...

Article added: 2009-11-07 12:21:58   Article Views Rating: 7


Main  >  Car Makers News  >  GM  > 
GM's European CEO resigns | detnews.com | The Detroit News
-- Carl-Peter Forster, chief executive of General Motors Co.'s European operations, will leave the company, the automaker said Friday. Forster's departure is not surprising, and the move is not expected to further disrupt Opel's operations, already strained by months of sales negotiations. Nick Reilly, executive vice president in charge of GM's international operations, will fill in for Forster on an interim basis, sources said. According to several published reports, GM Vice Chairman Bob Lutz will be... Full article...

Article added: 2009-11-07 12:21:52   Article Views Rating: 8


Main  >  Car Makers News  >  GM  > 
GM will cut jobs in Opel strategy | detnews.com | The Detroit News
-- General Motors Co. said Wednesday some 10,000 European jobs will be sacrificed at its money-losing Adam Opel GmbH unit, which the automaker decided this week to keep, rather than sell to Canada's Magna International Inc. and its Russian partner, Sberbank. The job loss, about 20 percent of the unit's 50,000 European workers, is comparable to the number that Magna would have cut as part of a 30 percent structural cost reduction at Opel. John Smith, GM's group vice president for corporate planning and... Full article...

Article added: 2009-11-05 10:37:22   Article Views Rating: 21


Main  >  Car Makers News  >  Opel  > 
Sneak peek: Opel Antara | detnews.com | The Detroit News
If you thought the end of the Saturn brand would affect only car buyers in America, think again. The Opel Antara on the roads today has shared a body and interior with the Saturn Vue. Now that the Vue is going away, the Antara needs a new body double. Judging from our spy photos, it appears GM will give Opel a version of the Chevy Captiva. The new Opel grill is easy to see through the camouflage on this prototype, along with some impressive looking projector headlights. A chrome-ringed, lower grill... Full article...

Article added: 2009-11-05 10:37:15   Article Views Rating: 13


Main  >  Car Makers News  >  Other  > 
Reilly's world is growing larger | detnews.com | The Detroit News
Nick Reilly, executive vice president of General Motors Co., works out of a skyscraper in Shanghai, a Chinese port city halfway across the globe from the company's Detroit headquarters. Most of his senior-level GM colleagues are asleep when he's working, and they arrive at their offices as he's preparing to go home. Even though Reilly is far away, he is emerging as GM's second most important executive after CEO Fritz Henderson. As the new head of GM's international operations, the British executive runs... Full article...

Article added: 2009-10-30 06:56:20   Article Views Rating: 57


Main  >  Car Makers News  >  Opel  > 
Opel Sale: to Be or not to Be
Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story. Just couple months ago the deal with Magna-VAZ seemed very clear, the companies have agreed on almost all points of the sale, and had to sign the last documents last Thursday, but European Union interfered and did not allow selling German brand to the Canadian-Russian partnership. According to the EU competition head Neelie Kroes... Full article...

Article added: 2009-10-26 12:46:48   Article Views Rating: 42


Main  >  Car Makers News  >  GM  > 
GM's directors to review Opel sales deal in November | detnews.com | The Detroit News
General Motors Co.'s board of directors will review the latest developments in the protracted talks for the sale of its Adam Opel GmbH subsidiary on Nov. 3, the company said Friday. GM also announced it had boosted its holding in GM Daewoo Automotive & Technology to 70.1 percent after being the sole subscriber to a share offer for the South Korean carmaker. Both units, GM Daewoo and Rsselsheim, Germany-based Opel, face cash shortages because of the severe industry downturn that drove GM into bankruptcy... Full article...

Article added: 2009-10-26 12:46:43   Article Views Rating: 39


Main  >  Car Makers News  >  GM  > 
Biden to discuss future of former GM plant in Del. | detnews.com | The Detroit News
WASHINGTON -- Vice President Joe Biden is expected to announce Tuesday that a California luxury automaker will build plug-in hybrid electric vehicles at a former General Motors plant in Delaware. The White House said Sunday that Biden, a former senator from Delaware, will make a major announcement about the future of the former GM plant in Wilmington, Del., along with Delaware Gov. Jack Markell and state officials. Fisker Automotive of Irvine, Calif., plans to revamp GM's Boxwood Road facility to build... Full article...

Article added: 2009-10-26 12:46:40   Article Views Rating: 41


Main  >  Car Makers News  >  Other  > 
Magna Is Building Parts for Mercedes SLS
Magna Steyr is a big company, known for building parts for such vehicles as BMW X3, Saab 9-3 convertible, Chrysler 300C and Jeep Grand Cherokee. It also gained popularity in headlines after having teamed up with Russian VAZ and purchased Opel from General Motors. Now the company is growing more and plans to start partnership with other auto manufacturers. The Canadian-Austrian auto parts giant has settled an agreement with Mercedes-Benz which gives it permission to build aluminum bodies for... Full article...

Article added: 2009-10-19 06:02:17   Article Views Rating: 73


Main  >  Car Makers News  >  Chrysler  > 
Fiat chief to reveal Chrysler plan in Nov. | detnews.com | The Detroit News
-- Sergio Marchionne, chief executive of Fiat SpA and Chrysler Group LLC, told reporters here that he would present a restructuring plan for the U.S. automaker in November. Marchionne, who spoke briefly with reporters during a tour of the Frankfurt Motor Show, did not elaborate. Asked about Fiat's goal to create a group with sales of between 5 million and 6 million vehicles, Marchionne said that could be achieved with Chrysler once the economy and car markets stabilize Fiat owns 20 percent of Chrysler... Full article...

Article added: 2009-09-17 13:17:58   Article Views Rating: 276


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