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Home > Search for "Russian Nikolai Fomenko"
Main > Car Makers News > GM > GM repays $297.6 million to Germany for Opel loan | detnews.com | The Detroit News General Motors Co. today repaid 200 million euros $297.6 million in German government aid that kept its carmaker Adam Opel GmbH afloat this year. GM also said it will repay another 400 million euros $595 million by Nov. 30. The payment comes more than a week after GM's board of directors voted to keep Opel instead of selling it to Canada's Magna International Inc. and its Russian partner, Sberbank. The 1.5 billion euro $2.2 billion bridge loan was intended to keep Opel operating until a deal was... Full article... Article added: 2009-11-16 07:55:31 Article Views Rating: 49 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: 74 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: 34 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: 60 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: 51 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: 78 Main > Car Makers News > Other > Analysts predict the sales shape of 2010 | detnews.com | The Detroit News -- Auto executives and analysts are digging deep into the alphabet to find the letters to describe the kind of recovery they expect from the industry's deepest downturn in 30 years. "I think we're going to have a different recovery shape in Western Europe, central Europe and Eastern Europe," said Wayne Brannon, head of General Motors Co.'s Chevrolet brand in Europe. "A lot of people are telling me that Western Europe is turning the corner. I expect we'll have solid U-shaped growth." Many other... Full article... Article added: 2009-09-17 13:17:59 Article Views Rating: 287 Main > Car Makers News > Volkswagen > Volkswagen Expands in Russia Volkswagen is growing by buying new brands and building new facilities. In the end of 2007 the company built an assembly plant in Kaluga, Russia where it started building Volkswagen Passat and Skoda Oktavia. From the beginning the German automaker planned to expand the capacity by 2009 and assemble up to 150,000 vehicles in the facility. The 10,000 sq m building is going to give jobs to 3,000 workers by the end of this year. The representative of Volkswagen Group Rus, Natalia Gorelikova, says that at... Full article... Article added: 2009-09-16 06:54:42 Article Views Rating: 84 Main > Car Makers News > Other > Tougher market expected for U.S. in Europe | detnews.com | The Detroit News -- Detroit's automakers are occupying less space at this year's Frankfurt Motor Show, and in the European auto market, after shedding brands and assets to get through a global industry downturn that hit them especially hard. General Motors Co. will essentially be fielding one brand in Europe -- Chevrolet -- once it completes the sale of its two European brands, Saab of Sweden and Germany's Adam Opel GmbH, which GM has owned since 1929. Ford Motor Co. is more successful in the region, but it also will be... Full article... Article added: 2009-09-16 06:54:35 Article Views Rating: 57 Main > Car Makers News > Opel > Magna says Opel could shed 10,500 jobs | detnews.com | The Detroit News -- As many as 10,500 jobs at Adam Opel GmbH, or about 20 percent of the work force, may be eliminated as part of a restructuring plan for the German carmaker, said the co-chief executive of Magna International Inc., one of the prospective new investors in Opel. The cuts outlined Monday by Siegfried Wolfof Magna were broadly in line with the job reductions described in June when Magna outlined its proposal for Opel, one of General Motors Co.'s overseas subsidiaries. Wolf said about 4,500 of those cuts... Full article... Article added: 2009-09-15 04:26:11 Article Views Rating: 50 |
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