November 3, 2009
GM to restructure Opel, scraps sale to Magna
By TIM HIGGINS
FREE PRESS BUSINESS WRITER
General Motors board of directors today decided to scrap plans to sell the automaker’s German Opel division to Canadian auto supplier Magna and its Russian partner Sberbank.
Instead, the Detroit automaker plans to restructure the European division at a cost of about [...]
November 3, 2009
http://detnews.com/article/20091103/AUTO01/911030409
White House: Taxpayers will be repaid for ’some’ of auto bailout
DAVID SHEPARDSON
Detroit News Washington Bureau
Washington — The White House won’t guarantee that General Motors Co. and Chrysler Group LLC would repay the full $62 billion they have received in government bailouts.
Reacting to a Government Accountability Report that said automakers are "unlikely" to [...]
November 3, 2009
http://detnews.com/article/20091103/AUTO01/911030396
GM U.S. auto sales up 4%; Ford sales rise 3%; Chrysler down 30%
DETROIT NEWS STAFF AND WIRE REPORTS
General Motors Co. joined Ford Motor Co. in reporting a sales increase in October, but Chrysler Group LLC saw a significant decline.
GM’s sales increased 4 percent last month compared to a year earlier, the first [...]
Saturn launches marketing campaign, spiffs to clear inventory
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Jamie LaReau
Automotive News | November 3, 2009 – 12:16 pm EST
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GM, citing improved financial health, decides to keep Opel
queryvar=”gm,citing,improved,financial,health,decides,to,keep,opel”;
Jamie LaReau
Automotive News | November 3, 2009 – 5:21 pm [...]
Consumers Digest Magazine Names 2010 Automotive Best Buys
Mon Nov 2, 2009 8:00am EST
DEERFIELD, Ill., Nov. 2 /PRNewswire/ — Thirty-six vehicles and 12 companion
models received Best Buy ratings from Consumers Digest out of some-240 total
2010 models. The ratings, published in CD’s December issue (on sale November
1), span 10 categories: Small Cars, Family Cars, Luxury Cars, Sporty [...]
Mulally Spurs Ford Growth With $2,700 More Revenue per Vehicle
By Keith Naughton
Nov. 3 (Bloomberg) — Ford Motor Co. Chief Executive Officer Alan Mulally, after cutting nearly half the automaker’s North American employees, is commanding $2,700 more revenue per vehicle as he looks to put the company on a path to growth.
Mulally posted his first [...]
November 3, 2009
GM to use chunk of aid to buy part of Delphi
BY KEN THOMAS
ASSOCIATED PRESS
WASHINGTON — General Motors Co. said it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker’s former parts division.
The Detroit automaker said Monday in a [...]
November 3, 2009
http://detnews.com/article/20091103/OPINION03/911030375
Howes: Ford’s $1 billion profit signals turnaround
Surprising performance shows Mulally’s plan is working
DANIEL HOWES
In Ford Motor Co.’s surprisingly strong third-quarter numbers, namely a $1 billion profit, there are all sorts of people who could claim vindication.
It starts at the top.
The simple fact is that Ford wouldn’t be poised for a break-out — [...]
November 2, 2009
http://detnews.com/article/20091102/AUTO01/911020395
GM spent $6.5B on Delphi, pensions, Canadian subsidiary
ROBERT SNELL AND DAVID SHEPARDSON
The Detroit News
General Motors Co. has spent $6.5 billion paying off obligations related to Delphi Corp.’s exit from bankruptcy, funding pension plans and buying shares in a Canadian subsidiary.
In a filing made late this afternoon with the U.S. Securities and Exchange [...]
November 3, 2009
http://detnews.com/article/20091103/AUTO01/911030378
UAW won’t renegotiate after Ford deal fails
Ford ‘disappointed’ after union fails to OK concessions
LOUIS AGUILAR
The Detroit News
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Gettelfinger says failed Ford pact worth modest price
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David Barkholz
Automotive News | November 2, 2009 – 4:29 pm EST
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Ford to extend credit and raise $3 billion in equity
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Automotive News | November 3, 2009 – 12:01 am EST
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GM reports $13.6 billion cash in escrow account in October
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Automotive News | November 3, 2009 – 12:01 am EST
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