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Automaker News

Automakers news continually updated from thousands of sources around the net.

2 hrs ago | Newsday.com

Report: Volkswagen raises bid for troubled Porsche before supervisory board meeting

Porsche's supervisory board will hold an extraordinary meeting on July 23, a spokesman said Friday, as the company grapples with debt that it accumulated building up its share in Volkswagen AG .

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6 hrs ago | Clover Herald

American Axle working through restructuring plan

American Axle is working with longtime legal and financial advisers to consider restructuring options, but the company and a law firm representing it are stopping short of saying they are considering bankruptcy.

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Related Topix: Law, Manufacturing, American Axle and Manufacturing Holdings

10 hrs ago | Ledger Dispatch

Toyota considering shutdown of NUMMI plant

The New United Motor Manufacturing, Inc. auto plant in Fremont, Calif. is seen here Friday July 10, 2009.

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Related Topix: Toyota Corolla, Toyota, Toyota Tacoma, Fremont, CA, GMC GM, GMC

Fri Jul 10, 2009

Miami Herald

Delphi receives no new bidders on assets

Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.

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Related Topix: Manufacturing, Delphi, Banking, JP Morgan Chase , Beverly Hills, CA

Guardian Unlimited

Keys to GM's success after bankruptcy protection - AP

A A A' Even after emerging from bankruptcy protection, the new General Motors still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years and still needs government aid to survive.

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Related Topix: General Motors, Buick, Chevrolet Cobalt, Chevrolet, Chevrolet Malibu, Hybrid Vehicles, Electric Vehicle, Chevrolet Volt

FOX59.com WXIN-TV Indianapolis

Montana gov blasts General Motors' plan to get platinum for catalytic converters from overseas

Montana Gov. Brian Schweitzer is asking the Obama administration to force General Motors Corp.

1 comment

Related Topix: Pontiac Montana, Pontiac, General Motors, GMC GM, GMC, Cadillac, Buick

San Jose Mercury News

Healthcare Realty Trust joins S&P SmallCap 600

Healthcare Realty Trust Inc. will replace truck-trailer manufacturer Wabash National Corp.

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Related Topix: Healthcare Realty Trust, Real Estate, Transportation, Wabash National Corporation, Business News

Hispanic Business

GM Gets Ready for Rebirth as Leaner, Largely Gov't-Owned Company

General Motors Corp. is rushing to prepare for its rebirth late this week as a company largely owned by the U.S. government.

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Related Topix: GMC GM, GMC, Pontiac, Oldsmobile, General Motors, Cadillac

Thu Jul 09, 2009

Fort Worth Star-Telegram

New GM expected to roll out from bankruptcy today

The new General Motors is about to roll off the assembly line as a leaner, greener model, maybe even a profitable one, too.

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Related Topix: Economics News, Bankruptcy, General Motors

Reuters

VIDEO: GM rolls on

Jul. 9 - General Motors is set to exit bankruptcy protection after a court ruling removed one of the final barriers.

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Related Topix: General Motors, Mutual Funds, Personal Finance

Hampshire Chronicle

New Michael Moore documentary named

Michael Moore's latest documentary now has a title - and a theme that resonates with recession-weary audiences.

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Related Topix: General Motors, Flint Metro, Detroit Metro, Flint, MI

The New Zealand Herald

GM makes progress on Opel sale

Negotiations for the sale of General Motors' Opel to Canadian auto parts maker Magna International were progressing, a GM Europe spokeswoman said, while confirming it had also received a bid from China's Beijing Automotive Industry.

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Related Topix: Manufacturing, Magna International, General Motors

The Oregonian

Congress digs into spending bills

A House panel Tuesday night voted to require General Motors and Chrysler to restore franchise agreements with their dealers despite their dire financial condition.

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Related Topix: US News, General Motors, US Treasury, Cadillac, Pontiac, Oldsmobile

Madison Publishing

CAW says Ford wants same general concessions as union gave GM and Chrysler

The Canadian Auto Workers says Ford has asked the union to match recent concession-filled labour deals with General Motors and Chrysler so the company can remain competitive.

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Related Topix: General Motors

Wed Jul 08, 2009

The Cincinnati Enquirer

Will: McNamara's faults a certainty

WASHINGTON - The death of Robert McNamara at 93 was less a faint reverberation of a receding era than a reminder that mentalities are the defining attributes of eras, and certain American mentalities recur with, it sometimes seems, metronomic regularity.

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Related Topix: General Motors

Penticton Herald

General Motors to turn green, emphasize fuel economy, slash executive ranks

General Motors could literally turn green as it readies itself for major management and cultural changes that will coincide with its escape from bankruptcy protection.

5 comments

Related Topix: General Motors, GMC GM, GMC, Chevrolet Malibu, Chevrolet, Chevrolet Cobalt, Chevrolet Aveo

San Jose Mercury News

Paccar cuts dividend to 9 cents from 18 cents

Paccar Inc. said Tuesday that its board has halved the commercial truck maker's quarterly dividend to 9 cents per share, from 18 cents.

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Related Topix: PACCAR, Business News

The Straits Times

China company bids for Opel

CHINESE automaker Beijing Automotic Industries Corp has joined the bidding for General Motors Corp's German unit, Adam Opel GmbH, a GM spokesman said on Wednesday.

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Related Topix: General Motors

760 WJR

Janesville says Wisconsin offered GM $200 million

Wisconsin offered General Motors about $200 million in incentives to locate its new small car plant in Janesville.

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Related Topix: Janesville, WI, General Motors, Rock County, WI, Beloit, WI

WANE-TV Fort Wayne

Toyota plant retooling to cost 500M

Toyota Motor Corp. says the retooling of its southern Indiana plant for production of the Highlander sport utility vehicle will cost about $500 million.

Comment?

Related Topix: Toyota Motor, Toyota, Toyota Highlander, Indiana

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