Shocker! GM Cancels Opel Sale, But Why?
Unions are all-powerful in Europe, and GM dropping the sale and the resultant job losses could wind up looking like a huge defeat for Germany and the entire EU.
Unions are all-powerful in Europe, and GM dropping the sale and the resultant job losses could wind up looking like a huge defeat for Germany and the entire EU.
Diane Francis | Posted 09.12.2009 | Business
The old saw is that "what's good for General Motors is good for America" and that's why the Magna International bid for GM's European operations is unlikely to succeed.
Diane Francis | Posted 08.24.2009 | Business
Cars are not longer just big business; companies have to build vehicles, but also be able to create multilateral partnerships which include workers, politicians, civil servants and investors.
Steve Parker | Posted 06.29.2009 | Business
No lack of topics this week on our general interest live call-in automotive talk show - General Motors approaches bankruptcy, or maybe is in it already. Chrysler leaves bankruptcy this weekend ... but will Fiat really buy all their assets?
AP | Posted 05.24.2009 | Business
FRANKFURT — Italian car company Fiat SpA and Canadian car parts maker Magna International Inc. are both interested in a stake of German carmaker...
Steve Parker | Posted 12.25.2008 | Business
Here's some of what's happening, mostly with GM, in Europe and Asia, two markets outside the U.S. hit hardest by the slowing automobile business.
Steve Parker | Posted 12.23.2008 | Business
In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...
Steve Parker | Posted 10.18.2008 | Green
Today's Detroit News newspaper reports that, because big investment banks such as Goldman Sachs and JPMorgan Chase own huge amounts of GM and Ford cor...
Steve Parker | Posted 11.05.2009 | Business