More car makers are gearing their designs towards China’s auto market, and General Motors is no exception. Despite the slowdown in China’s auto industry, GM has profited with record auto sales in May. AFP reports: GM’s...
Beijing Auto has failed in its bid to buy GM’s Opel unit, apparently over intellectual property issues, Reuters reports: General Motors’ European business said on Thursday it had agreed to continue detailed talks...
The Wall Street Journal reports on China’s bid for European car manufacturer Opel: Beijing Automotive Industry Holding Co. outlined its main reason for wanting General Motors Corp.’s European unit Adam Opel GmbH: It...
As Sichuan Tengzhong Heavy Industrial Machinery Co. is set to buy Hummer, a General Motors unit that filed for bankruptcy recently, several perspectives have emerged about the gas-guzzling behemoth and the little known machinery...
From Los Angeles Times: Would Confucius drive a Hummer? News that an obscure Chinese company has reached a tentative agreement to buy bankrupt General Motors’ Hummer unit has people here pondering the larger meaning of...
From Reuters via CNBC.com: General Motors Corp will need to offer small vehicles at very low prices to reach first-time car buyers in China and hit the fastest-growing segment of the industry’s biggest boom market, a...
From AFX, via Forbes.com: General Motors Corp became the latest auto maker to commit publicly to the production of gasoline-electric hybrid vehicles for the Chinese market, announcing plans to manufacture hybrids in China by 2008 with its Chinese partner SAIC Motor Corp, the Wall Street Journal reported. GM said it has set a goal of […]
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