Germany's politicians fumed with anger and Opel workers cancelled cost concessions and readied walkouts after GM abandoned the sale of its European subsidiary to parts maker Magna International and Russian bank Sberbank.
Chrysler Group LLC is presenting its long-awaited five-year business plan today, outlining its vision on how it will address shortcomings and return to profitability. CEO Sergio Marchionne, board chairman Robert Kidder and managers will outline the company's goals and initiatives through 2014.
New York -- Delphi Automotive LLP, which exited bankruptcy protection last month, said Wednesday that it has created a new board that will be led by former DuPont Chairman John Krol.
General Motors Co. reported its first monthly sales increase in nearly two years on Tuesday and Ford Motor Co. also racked up gains in October, providing further evidence that the U.S. economy appears to be on the mend.
Tokyo -- Japanese automaker Nissan Motor Co. climbed into the black last quarter and forecast a smaller yearly loss as surging sales in China helped offset sluggish demand in the West.
General Motors Co.'s board of directors Tuesday voted to keep its German carmaker, Adam Opel GmbH, instead of selling it to Canada's Magna International Inc. and its Russian partner, Sberbank.
General Motors Co.'s board of directors Tuesday voted to retain its German carmaker, Adam Opel GmbH, instead of selling it to Canada's Magna International Inc. and its Russian partner, Sberbank.
