Russian carmaker GAZ has put its hand up for a significant stake in German brand (and soon-to-be-former GM branch) Opel, and will team up with Magna International should they be successful in snatching the company away from competing bidder Fiat S.p.A.

If Magna’s bid gets them the keys to Opel, the role of GAZ would be [...]

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Usually, at the first sign of trouble the rumour-mill goes into overdrive. No-one knows this better right now than General Motors. The condition of the car maker’s finances and future - in both the US and Europe - has been given unprecedented attention and press speculation.

In an attempt to counter the spread of misinformation, GM [...]

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As part of a combined effort to keep GM Europe’s Opel and Vauxhall brands alive, dealers for the two companies are putting together a bid to buy a minority stake in the ailing carmakers.

A group called Euroda, which represents 4000 Vauxhall and Opel dealers in 25 countries, is behind the plan. The dealers will have [...]

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Following the announcement from its auditors that the future of General Motors is in substantial doubt, the European Commission has called a crisis meeting of European Union states that are home to GM plants.

GM has already announced an operating loss of USD $30.9 billion (AUD $48.1 billion) for 2008. The car maker has asked for [...]

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With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is “substantial doubt” surrounding the car maker’s ability to continue operations.

GM has struggled to generate cash flow in the worst automotive market for 27 years. Poor product planning, slow moving development of new models and [...]

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More grim tidings today with news that GM’s European operations could be staring at the prospect of collapse in coming weeks, if European governments do not come to its aid.

According to GM Chief Operating Officer Fritz Henderson, funding to the tune of €3.3b (AU$6.4b, US$4.1b) is needed to assist the separation of Opel and Vauxhall, [...]

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General Motors’ tale of woe continues this week with news that its German division, Opel, is to be partially sold. The process would see Opel transformed into a joint-stock company by selling off a 25 to 50 percent stake in the company.

GM plans to keep a majority share in Opel, however selling off part of [...]

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Representatives from GM Holden and The Australian Manufacturing Workers Union (AMWU) will meet next week to discuss possible job cuts likely to come as a result of the global restructuring plan unveiled by parent General Motors this week.

The restructuring plan outlines more than 47,000 job cuts, and 26,000 of those are to be made in [...]

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