Susan Docherty, GM’s former US sales and marketing boss, will become head of GM’s Chevrolet Europe division starting on January 1st, 2012. Docherty will be succeeding Wayne Brannon, who will be retiring after 38 years with GM. Docherty, 49, will be overseeing the growth of GM’s Chevrolet and Cadillac brands in western and central Europe…. Continue Reading...
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During a recent statement, Girsky said that “in order to fully leverage [Opel’s] potential we will continue to work on optimizing the cost structure, improve margins and make use of economies of scale within the group.” Continue Reading...
General Motors will look to expand its lineup of extended range electric cars to three models by the time the current Chevrolet Volt’s production cycle has run its course. At least that is GM’s plan for the European market under the Opel/Vauxhall brands where GM has just launched the sister car to the Volt, the… Continue Reading...
After announcing earlier this week that it has not reached a deal to sell Opel, General Motors is now apparently exploring options to keep the European unit. This news comes as a surprise considering selling off Opel is a part of the company’s viability plan as submitted to the U.S. government in order to receive… Continue Reading...
General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group… Continue Reading...
After continued rumors that General Motors was still shopping-around its European Opel operations, it appears as though a new buyer has been found. RHJ International, a Belgian company has been cited as the latest bidder and apparently a tentative deal could be signed by the end of the week. Initially Opel was slated to be… Continue Reading...
General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide… Continue Reading...
By solidifying a deal to take control of GM’s European operations, Canada’s Magna International Inc. is eager to start producing Opel cars in Canada. “We want to build Opel cars in Canada,” said company founder and CEO Frank Stronach. “Canada should have its own Canadian company … a truly Canadian automobile industry.” The third largest… Continue Reading...
Apparently General Motors CEO Fritz Henderson thinks the upcoming Saab 9-5 is so good, he doesn’t want to sell the Swedish automaker. In an interview in Sweden’s Expressen magazine he declares that he’d rather see Saab fail in bankruptcy court than sell off the brand. The magazine cites an unnamed source within Saab, who says… Continue Reading...