General Motors Co

General Motors seeks aid

Denver Post (Free subscription) | 11/24/2009

General Motors Co. on Monday asked European governments to help pay most of the $4.9 billion it needs to restructure its struggling European operations.

Saab Story

The Whig (Free subscription) | yesterday

General Motors Co. may shut its Saab unit after sports-car maker Koenigsegg Group AB canceled a planned acquisition of the Swedish company, a person familiar with the matter said. GM’s board will review the future of the bankrupt unit at a Dec. 1 meeting, said the person, who asked not to be identified because the talks aren ’t public. Directors could opt to keep Saab, as they did...

Obama administration wants fast-track IPO for General Motors - 4WHEELSNEWS

habser | 11/19/2009

The Obama administration wants to hurry up its initial public offering (IPO) of General Motors Co. shares to reduce its majority stake in the automaker, according to Ron Bloom, the head of the U.S. government’s autos task force, in an interview with Reuters. At the earliest, an IPO for GM could come in the fourth quarter of 2010.

• Obama administration wants to fast track GM IPO - eGMCarTech
• That Was Fast: Here Comes The GM IPO - The Business Insider

Shanghai General Motors Co., Ltd. Chooses Apriso for Quality Containment

Business Wire (Free subscription) | 11/17/2009

LONG BEACH, Calif.--(BUSINESS WIRE)--Apriso®, a leading provider of manufacturing software solutions for sustained operations excellence, today announced Shanghai General Motors Co., Ltd. (SGM) has implemented Apriso’s FlexNet® for Quality Containment, as part of initiatives to improve tracking of materials across production, reduce the cost of quality and increase manufacturing...

Shanghai General Motors Co., Ltd. Chooses Apriso for Quality Containment

Auto Channel (Free subscription) | 11/18/2009

With Apriso’s FlexNet for Quality Containment, SGM has seamlessly integrated quality containment across manufacturing operations, helping to provide global visibility and control over production and logistics processes to complement other SGM Powertrain systems while integrating with their SAP ERP system. The quality containment system accurately identifies and contains product in the event of...

General Motors Is Said to Narrow Search for Finance Chief to Two Outsiders

Bloomberg (Free subscription) | 11/18/2009

Nov. 18 (Bloomberg) -- General Motors Co. narrowed the field to replace Chief Financial Officer Ray Young to two executives from outside the auto industry and may make a choice by year’s end, two people close to the matter said.

General Motors Said to Narrow Search for Finance Chief to Two Outsiders

Bloomberg (Free subscription) | 11/17/2009

Nov. 17 (Bloomberg) -- General Motors Co. narrowed the field to replace Chief Financial Officer Ray Young to two executives from outside the auto industry and may make a choice by year’s end, two people close to the matter said.

GM asks Europe for $4.9 billion handout

MSNBC.com: Automotive (Free subscription) | 11/23/2009

General Motors Co. on Monday asked European governments to help pay most of the $4.9 billion it needs to restructure its struggling European operations. General Motors - Opel - General Motors Co - Germany - United States

Saab deal falls through for GM

Radon Mitigation Pittsburgh (Free subscription) | yesterday

General Motors may now be forced to close the car brand after an anticipated deal falls through. Detroit, Michigan (WiredPRNews.com) General Motors Co. is no longer in talks with a Swedish specialty carmaker to buy its Saab brand. As reported by the Associated Press (AP), GMs anticipated deal with Koenigsegg Group AB has fallen through, which may mean a closing of the brand. As noted...

Saab likely to close as GM fails to sell car brand

ABC 7 News - Latest Headlines (Free subscription) | yesterday

A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed... leaving the storied Swedish brand born from jets in 1947 close to extinction from ABC 7 News

GM's sale of Saab falls through

Los Angeles Times (Free subscription) | yesterday

Swedish automaker Koenigsegg Group cancels its proposed acquisition, marking another failure by General Motors to sell off some of its automotive brands. Closing Saab is now a possibility. General Motors Co.'s plan to sell its Saab unit to a specialty Swedish automaker has collapsed, frustrating another attempt by GM to prune its roster of automotive brands and potentially spelling the...

• GM's deal to sell Saab falls through - L. A. Times Dodgers Blog

Saab's future in doubt after sale falls through

The Washington Times (Free subscription) | 1 hour ago

DETROIT A Swedish automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand. Koenigsegg Group AB said Tuesday that it has decided to scrap the deal, which was announced in June. Financial details of the acquisition were not disclosed by GM. The collapse of the Saab sale is the third GM deal to fall through this year for...

Detroit, MI – The End: SAAB Brand Close To Extinction

Vos Iz Neais (Free subscription) | yesterday

Detroit, MI – A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction. Koenigsegg Group AB, a consortium formed by Swedish luxury sports car maker Koenigsegg Automotive AB, said Tuesday it pulled out of the deal in part [...]

Saab likely to close as GM fails to sell brand

Salt Lake Tribune (Free subscription) | yesterday

Detroit » A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction.

Saab sale collapses as buyers back out

Reuters UK (Free subscription) | yesterday

DETROIT (Reuters) - A deal for General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.