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• GM says Beijing Auto has submitted offer for Opel   [Jul 04, 2009]

  General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna ...

• Tengzhong hasn't applied to buy Hummer yet   [Jul 03, 2009]

  Shanghai, July 3 (Gasgoo.com) China's Ministry of Commerce hasn't received an application from Sichuan Tengzhong Heavy Industrial Machinery Co. regarding its planned purchase of General Motors ...

• GM's Toxic Assets   [Jul 02, 2009]

  In the market for a parking lot in Flint, Michigan? Or a nine-hole golf course in New Jersey (needs TLC)? How about some scenic acreage way upstate New York that features prominently on New York ...

• GM Brazil June sales hit record 55,629 units   [Jul 02, 2009]

  General Motors Corp. car sales broke a record in June thanks to continued government tax breaks for auto makers, the company said Wednesday.General Motors do Brasil Ltda sold 55,629 vehicles last ...

• Beijing Auto plans detailed bid for GM's Opel unit   [Jul 02, 2009]

  China's Beijing Automotive Industry Holding Co. plans to present a detailed bid for General Motors Corp.'s core European Adam Opel GmbH operations within the next few days, hoping to step in should ...

• Why GM opts Tengzhong as Hummer buyer   [Jul 01, 2009]

  Shanghai, July 1 (Gasgoo.com) General Motors is eager to sell off its Hummer brand to a private Chinese company -- Sichuan Tengzhong Heavy Industrial Machinery Co. Why has GM chosen Tengzhong as its ...

• Shanghai GM sells 288,854 cars H1, 60,356 June   [Jul 01, 2009]

  Shanghai, July 1 (Gasgoo.com) Shanghai GM said today that it sold 288,843 vehicles in the first half of this year, rising by 16.1% year-on-year and setting the company's half-year sales record, ...

• GM China H1 sales up 38% to record 814,442 units   [Jul 01, 2009]

  General Motors Corp. (GM) said Wednesday its first-half sales in China rose 38% to a record 814,442 units, underlining the importance of the Chinese auto market to the U.S. car maker as it works to ...

• Tengzhong hoping to take over Hummer by Q3   [Jul 01, 2009]

  General Motors has insisted that a Chinese takeover of Hummer is continuing, despite speculation that the Chinese government will block the deal. Sichuan Tengzhong, an industrial machinery company, ...

• GM offering zero pct financing in brief July sale   [Jul 01, 2009]

  Bankrupt U.S. automaker General Motors Corp said on Tuesday it would offer zero percent financing for up to 72 months on most of its soon to be discontinued Pontiac brand and some other vehicles.The ...

• GM, Tengzhong start talks with China regulators    [Jun 30, 2009]

  Talks finally start. The latest Reuters report says General Motors and Tengzhong will begin talking with Chinese regulators this week in a bid to obtain government approval for Tengzhong to buy the ...

• General Motors close to Opel deal with RHJ   [Jun 30, 2009]

  General Motors Corp is close to a deal with Belgium-based RHJ International to sell a stake in Opel, and a memorandum could be signed within days, the Financial Times reported citing a person close ...

• GM not to talk with China regulators on Hummer   [Jun 30, 2009]

  Shanghai, June 30 (Gasgoo.com) Tengzhong will begin talking with Chinese regulators this week to seek approval for its acquisition of General Motors' Hummer brand by September, but GM will not ...

• China regulators expected to OK Hummer deal   [Jun 29, 2009]

  Shanghai, June 29 (Gasgoo.com) China's machinery manufacturer Tengzhong will start formal talks today with Chinese regulators to seek approval for its acquisition of General Motors' Hummer division. ...

• GM accepts product liability in bid to clear sale   [Jun 29, 2009]

  General Motors Corp has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.In addition, GM ...

• Magna pushes 'extreme demands' at GM's Opel   [Jun 28, 2009]

  Magna International Inc. is seeking "extreme" concessions from workers at General Motors Corp.'s Opel division less than a month after making pledges that won Germany's backing for acquiring the ...

• GM chose Orion facility for tax perks, stamping plant   [Jun 27, 2009]

  Proximity to suppliers and a Pontiac stamping plant helped, but a whopping $1 billion in tax incentives and training support was an offer General Motors Corp. could not refuse to produce future small ...

• BAIC's effort only to give GM leverage in Opel deal   [Jun 26, 2009]

  GM takes a further step to divest Opel brand by saying it may sign non-binding agreement with RHJ International SA and Beijing Automotive Industry Holding Co as a fallback to a proposed deal with ...

• GM may sign non-binding MOU with BAIC, RHJ    [Jun 26, 2009]

  Shanghai, June 26 (Gasgoo.com) US auto giant General Motors may sign non-binding memoranda of understanding with RHJ International SA and Beijing Automotive Industry Holding Co for selling Opel, ...

• GM asks Beijing Auto for enhanced offer for Opel   [Jun 25, 2009]

  Shanghai, June 25 (Gasgoo.com) Beijing Automotive Industry Holding Co. (BAIC) discussed this week with General Motors Corp. about the possibility of buying GM's Opel unit, and was asked, among other ...