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"GM" tag
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“Car Recession” Bites GM: Inventory Glut, Layoffs, Plant Shutdowns

GM has been reacting to its fabulously ballooning inventory glut by piling incentives on its vehicles. But that hasn’t worked all that well though it cost a lot of money. Now it’s time to get...

Carmaker Opel to stop Astra production in Germany earlier

Struggling German auto maker Opel is planning to stop the production of its most important brand Astra in Germany earlier than originally envisaged. But no negative impact is expected on the firm’s head location. The...

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GM and PSA detail partnership after scrapping merger

US auto giant General Motors and French carmaker PSA Peugeot Citroen have finalized details of their strategic alliance. Contracts have been signed for PSA to share costs and projects with GM’s troubled German unit Opel....