Opel may be better off without GM
November 22, 2008 12:39:38 AM
The German government has said it is open to providing a 1 billion euro loan guarantee for Opel as long as the money is used solely to sustain operations within Germany. It also says aid to Opel will ...

Big 3 bailout compromise reached - then vote cancelled
November 20, 2008 10:49:54 PM
Reaching a compromise key Senators drafted a bill that should see the $25 billion promised in September for factory retooling, being made immediately available as a kind of emergency cash bailout. How...

GM rejects offer to sell Opel
November 20, 2008 11:38:10 AM
German solar energy company SolarWorld makes a surprise offer to buy Opel, but GM says its German brand is not for sale.

No $25-billion bailout package for automakers - Senate vote canceled
November 20, 2008 10:18:50 AM
After a somewhat contentious day on Capital Hill it became obvious that representatives from the Big 3 failed to sway enough members of the United States Senate to back a measure to provide them with ...

American automaker's 25bn bailout looks doubtful
November 19, 2008 10:35:31 PM
Prospects for a bailout of US automakers continue to dim, as Republicans in Congress and President Bush continue to oppose a 25 billion dollar bailout package for the Big 3 auto companies.

Congress puts forth bailout plan with strict demands
November 18, 2008 4:05:35 PM
Congressional leaders are willing to provide 25 billion dollars to the automakers, but not without strings attached. But still, the prospect of a bailout under the current administration remains slim.

GM reveals more cash saving measures
November 18, 2008 3:05:35 PM
GM is scrambling to pinch pennies to assure its liquidity throughout 2009. The company has announced it will raise 230 million US dollars by selling its remaining stake in Suzuki Motor. It also said i...

Berlin ready to give Opel 1bn Euro guarantee
November 18, 2008 1:35:35 PM
German government pledges to provide Opel with 1 billion euros in loan guarantees. But the government of Chancellor Angela Merkel has stipulated the money is to remain in Germany to shore up Opel's op...

VIDEO: GM higlights the consequences of automakers collapse
November 17, 2008 10:20:40 PM
GM puts out a video on the dire consequences to the US economy if the big 3 automakers are allowed to collapse. GM, Ford and Chrysler are hoping for a government bailout in the form of 25 billion US d...

GM to sell remaining Suzuki stake for 230 million US
November 17, 2008 4:49:42 PM
GM will sell its remaining stake in Suzuki Motor for 230 million US. The troubled automaker is selling off assets to raise cash as GM is losing about 2.3 billion US dollars a month at its current rate...

German government warms to idea of bailout for Opel
November 17, 2008 3:19:42 PM
The German government is considering a bailout for GM Europe's Germany-based brand Adam Opel. Opel has asked both federal and state governments in Germany for loan guarantees.

GM Bankruptcy Could Be the Best Solution
November 14, 2008 12:36:40 AM
GM is in dire need of cash and says it may collapse before an Obama administration comes to power. But some industry observers say GM going into bankruptcy protection may be best course of action.

Democrats Propose $25B Cut of the $700B Bail Out Package for Big 3
November 13, 2008 6:27:38 PM
Democratic Congress open to setting aside $25 Billion from bailout fund for automakers but the Bush administration still skeptical of providing help.

Paulson: 700BN Rescue Bailout Not for Auto Makers
November 13, 2008 3:01:45 PM
Chrysler, Ford and General Motors might well not benefit from the US700 billion rescue package which is meant to rejuvenate the financial services industry.

Congress Considers Auto Rescue Plan - With Strings
November 12, 2008 10:42:26 PM
A light could be shining for the Detroit Big Three as US lawmakers indicate a willingness to include the auto industry in its proposed USD700 billion bailout of financial institutions.

GM Cancels L.A. Auto Show Press Events
November 12, 2008 3:36:13 PM
In another sign of trouble, GM cancels press events for L.A. Auto Show and will not unveil any new vehicles at the show. All new intros have been pushed back to the Detroit Auto Show in January.

US Automakers Face Unprecedented Threat of Collapse
November 12, 2008 10:24:45 AM
As sales fall dramatically, US automakers are running out of cash and face a bleak 2009, GM may collapse

GM Cancels All Future Full-Size SUVs
October 28, 2008 2:28:44 PM
GM pull the plug on a $2bn investment program to replace their range of full-size SUVs, namely the Escalade, Yukon and Suburban. The decision was unanimously approved by executives, ending 15 years of...

GM Demonstrates Car-to-Car Communication Systems
October 22, 2008 9:09:42 PM
A new system, dubbed 'C2C' and developed by GM/Opel, conveys information such as location and speed to vehicles within a localised area to aid drivers in avoiding potential hazards caused by other veh...

L.A. Auto Show Design Challenge Entries - Japanese & American Automakers
October 21, 2008 9:30:00 AM
In recent years, the challenge has covered briefs from the designing of a 'RoboCar for 2057' to that which takes the future of driving to an 'environmental experience', with previous wins from GM, GMC...