Opel Insignia Park Assistant Takes the Guessing Out of Parking
Jun 16, 2009
Opel announces a new park assistance feature on the Insignia that puts an end to second-guessing on those coveted parking spaces. It is a perfect tool for car drivers who don't have the courage to fill in a narrow spot. Or when it isn't clear at first glance whether a car will fit or how to attempt a tough parallel par ... Continue reading
OJT: New GM Board Chair Vows to "Learn About Cars"
Jun 14, 2009
New York June 10, 2009; Amy Thomson and Katie Merx writing for Bloomberg reported that Edward E. Whitacre Jr. built AT&T Inc. into the biggest U.S. provider of telephone service over a 43-year-career. By his own admission, he becomes chairman of General Motors Corp. knowing nothing about the auto industry. The 6-foot-4 ... Continue reading
The Fox is Now Guarding the GM Henhouse
Jun 12, 2009
By Marc J. Rauch Exec. Vice President/Co-Publisher THE AUTO CHANNEL General Motors is in need of a complete overhaulâ¦obviously. They need to get rid of the dead-weight in both product and personnel, which they appear to be trying to do if you donât count Buick and Pontiac. They have to regain the trust of inv ... Continue reading
China's Beijing Autos Waiting For Opportunity to Bid for Opel or Saab
Jun 10, 2009
SHANGHAI June 10, 2009; The AP reported that Beijing Automobile Industries Holding Co., China's fifth-largest carmaker, is maneuvering to acquire General Motors Corp.'s Opel or Saab units if other potential deals fall through, reports said Wednesday. A group of Beijing Autos executives is in Europe for talks on a possi ... Continue reading
Ampera Scoops Prestigious Technology Award
Jun 10, 2009
The revolutionary Vauxhall/Opel Ampera Extended Range Electric Vehicle (E-REV) has been crowned the inaugural winner of a new and prestigious green motoring award. ... Continue reading
Russia Wants Opel Know-how For Auto Manufacturing "Leap into Future"
Jun 8, 2009
ST PETERSBURG, Russia, June 9, 2009; Vladimir Soldatkin writing for Reuters reported that Russia sees the expertise of German auto maker Opel as its chance for a technological breakthrough in its ailing car industry, a top Russian government official said on Saturday. Last week Russia's state-controlled Sberbank (SBER0 ... Continue reading
Opel Insignia ecoFLEX: Green and Strong
Jun 5, 2009
The new Opel Insignia ecoFLEX combines the best of both worlds: It offers low emissions and fuel consumption without compromising on performance or driving dynamic. While it only consumes 5.2 liter of diesel per 100 km - equivalent to 136 g/km of CO2 emissions - it delivers 118 kW/160 hp and a up to 380 Nm of torque. T ... Continue reading
Opel Cannot Sell in the US and China
Jun 3, 2009
By Henny Hemmes Senior European Editor After a take over by Magna International, car manufacturer Opel/Vauxhall is not allowed to sell cars in the US. Last weekend, General Motors came to terms with Magna International and its Russion partners and the German government on the sale of 65 percent of its European division ... Continue reading
GM Europe and Adam Opel GmbH Statement Confirming First 300 million German Government Loan Draw
Jun 2, 2009
RUSSELSHEIM - June 2, 2009: Adam Opel GmbH confirmed today that it has received the first draw in the amount of â¬300 million from the â¬1.5 billion bridge financing agreement with the German government. This responsiveness of the German government ensures that its operations maintain adequate liquidity as a mo ... Continue reading
Magna Announces Continuing Involvement in Proposed Opel Solution
Jun 1, 2009
AURORA, Canada, June 1 -- Magna International Inc. (TSX: MG.A, NYSE: MGA) announced today that, following extensive negotiations over the past several days with various stakeholders, including representatives of German federal and state governments, GM Europe, General Motors Corporation and the US Treasury, it has reac ... Continue reading
General Motors' Board of Directors Statement
Jun 1, 2009
Attributable to Kent Kresa, Chairman DETROIT - June 1, 2009: âThe General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. Today marks a new beginning for General Motors. A court-supervised process and transfer of ... Continue reading
GMAC Financial Services Statement on General Motors Chapter 11 Filing
Jun 1, 2009
DETROIT, June 1 -- GMAC Financial Services is a creditor of General Motors Corp. (GM) and as such is taking the appropriate steps to protect GMAC's interests during GM's restructuring. GM has submitted a motion to the U.S. Bankruptcy Court that, pending approval, would allow its direct business with GMAC to continue in ... Continue reading
President Obama to Hold Media Briefing Prior to General Motors' BK Press Conference
May 31, 2009
WASHINGTON - May 31, 2009: According to a White House media advisory, President Obama will begin his remarks at approximately 11:55 a.m. EDT. General Motors Corp. President and CEO, Fritz Henderson, will host a press conference, beginning immediately following President Obama's media briefing. ... Continue reading
AP Reports That Monday is Definitely "B-Day" for General Motors
May 31, 2009
DETROIT - May 31, 2009: The Associated Press is reporting tonight that tomorrow morning, at 8AM EDT, the company that was once the world's largest, will file for bankruptcy protection. According to the story, GM plans to name turnaround executive Al Koch to serve as its chief restructuring officer through the protectio ... Continue reading
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