Detroit, MI (AHN) - Hummer, the General Motors brand made famous during the first Iraq war but shunned once gasoline rose to record high prices, has been sold to Chinese firm Sichuan Tengzhong Heavy Industrial Machinery Corp.
Tengzhong ...
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Hamburg, Germany (AHN) - Magna, the Canadian auto supplier, will be the majority owner of General Motors' Opel subsidiary, GM officials announced Thursday.
John F. Smith, GM's chief negotiator, announced the sale after meeting with German Chancellor Angela ...
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Well maybe not complete disaster since no-one will probably be able to save them from that, however a recent idea from the company hit Twitter and saw nothing but a chorus of boo’s and ...
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New York, NY (AHN) - American carmaker General Motors (GM) continues on the path to profitability after inking a deal with Koenigsegg Group AB to buy the Swedish brand Saab Automobile AB.
While GM won't actually make any ...
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In light of the massive bailout for the automobile industry and the constantly shifting executives a rather interesting story has surfaced as to one of the reasons that GM is having such a hard ...
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General Motors has announced it is closing 1,100 of its U.S. dealerships. The move comes as the company sits on the brink of bankruptcy. GM is expected to ultimately close more than 2,300 dealerships by the end ...
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General Motors (GM) has announced it'll cut thousands of jobs, close thousands of dealers, and eliminate the Pontiac brand over the coming months. The GM announcement came during a press conference Monday.
The GM Announcement
GM's announcement indicates up ...
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On the eve of President Obama’s unveiling of his plan to help save the floundering U.S. automobile industry the head of GM, Rick Wagoner, has been asked to step down from his position by the ...
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The criticism from the right blaming autoworkers for the demise of the American auto industry hasn't always been fair. It isn't the fault of workers that the big three have produced products people don't want; management fairly ...
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General Motors (GM) will slash 47,000 jobs and attempt to sell off prime brands as part of a viability plan submitted to the US Government.
GM was required to submit the viability plan as a condition of receiving ...
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While polls showed the majority of American's did not support a bailout of the auto industry, The Bush Administration acted anyway, throwing away loaning the industry some $17 billion. So what's the first thing Chrysler does with ...
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General Motors has posted a propaganda video to YouTube in an attempt to gain support for a bailout of the US car industry.
The bailout itself is currently in dispute, with House Democrats calling on the Bush Administration ...
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