China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.
Tags: General Motors
General Motors recalls cars over parking brake fire risk
U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed.
Lear Corp to buy leather supplier Eagle Ottawa for $850 million
Lear Corp, a maker of auto seats and electrical power systems, said it would buy automotive leather supplier Eagle Ottawa LLC for $850 million to strengthen its core seating business and boost its luxury seats portfolio.
American powertrain supplier BorgWarner buys German firm Gustav Wahler
Auburn Hills, US-based powertrain supplier BorWarner bought Esslingen, Germany-based exhaust gas and thermostat producer Gustav Wahler GmbH & Co KG for an undisclosed sum to strengthen its position in the market.
General Motors stopped sales of Chevrolet Cruze cars
General Motors announced the halt of some Chevrolet Cruze cars without disclosing any information behind the move, reported BBC News.
Latest News
The officials of Caddo Parish's Industrial Development Board closed the deal on Friday afternoon to acquire the former General Motors (GM) facility from RACER Trust for $7.5 million.
As part of a $1.3-billion investment in five US plants, General Motors (GM) is pouring in $600 million in its oldest assembly plant in Flint, Michigan, to set up a state-of-the-art paint facility and other upgrades.
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.
General Motors (GM) is investing USD11 million to build a new source of energy for its Fort Wayne Assembly Plant, a move that will save the company USD5 million a year.
A source told Reuters that hedge fund Hayman Capital has acquired a stake in General Motors and believes that the stock price of the automaker will soar once the US Treasury has exited its remaining stake in the firm.
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
