ACCORDING TO UK Secretary of State for Business, Peter Mandelson, the UK Government has “not ruled out making a financial contribution” where it might help secure the future of GM subsidiary, British carmaker Vauxhall.

Mandelson’s comments followed the news that Beijing Automotive Industry Corporation (BAIC) had been confirmed as a bidder, along with Italian carmaker Fiat, [...]

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New GM CEO Frederick ‘Fritz’ Henderson took part in an online chat with consumers on Monday morning (US time), and while nothing was revealed that the automotive world doesn’t already know, it’s interesting to read the CEO’s opinions and feelings on the future of the former ‘number 1′ manufacturer.

Henderson touched on a number of topics, [...]

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New GM CEO Fritz Henderson has declared that Chevrolet, in the next two years, will have repositioned itself as a competitive, top-quality brand.

Speaking with US mag AutoWeek, Henderson said he believes fresh new Chevy models like the Cruze (to be sold locally as the Holden Cruze) and the Spark will help the brand grow its [...]

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Reports worldwide indicate that General Motors has commenced preparations to file for bankruptcy.

Bloomberg News says that company directors have not given up hope of finding a solution to GM’s financial troubles, and are still scouring GM operations for cost-cutting measures to relieve the pressure on the giant automaker’s bottom line. Bankruptcy, daily, appears increasingly likely however.

According [...]

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It is getting near the end of the penny-section for GM and Chrysler. President Barack Obama has given GM two months to prove its viability, and Chrysler one month to complete its merger with Fiat. Failure on either count will see the two giant automakers cut adrift from further Federal loan funding and left to [...]

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Rick Wagoner’s chair has barely cooled, but General Motors has already named current GM president and Chief Operating Officer Frederick “Fritz” Henderson as its new CEO.

Henderson will take over the helm of the troubled company from March 31 onward, with the 50 year-old GM veteran the first of a number of new executive appointments.

Kent Kresa [...]

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GM US’s restructuring plan, posted on the US Treasury website, will make unpalatable reading for the US Administration and long-suffering US tax-payers (those still in jobs and paying tax that is).

In it, GM outlines plans to cut costs and to reduce its global workforce by 47,000, including yet more cuts to its US workforce with [...]

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