General Motors has repaid the $8.1 billion (£5.27 billion) loans it received from the US and Canadian governments, a sign the company is being rebuilt, according to its chief executive... more
General Motors, owner of Vauxhall in the UK, lost $400 million a month during the summer. But, says the bailed-out carmaking giant, GM is beginning to turn round... more
General Motors was today heading for all-out war with unions on the continent after its shock decision late last night to scrap the sale of its European Vauxhall and Opel operations ... more
The green lobby could find itself with a new enemy as early as today with a Chinese manufacturer tipped to finalise a deal to buy Hummer, the maker of gas-guzzling mega-vehicles ... more
The future of 5500 Vauxhall workers in Luton and Liverpool was secured for the immediate future after General Motors sold control of its European operations to a German-backed bidder... more
The future ownership of General Motors’ Vauxhall/Opel operations took a further twist today as fellow European operator Fiat readied itself for a bid ... more
Uncertainty about the future of the thousands of British jobs at Vauxhall and its suppliers deepened as it emerged that owner General Motors may not be selling it after all
... more
Vauxhall workers in Luton and Merseyside could learn their fate when the General Motors board meets to decide which of two bids to accept for its European arm Opel ... more
The fight for Opel - and the uncertainty over 5,000 Vauxhall jobs in the UK - is drawing to a close with reports that Canadian auto-parts maker Magna has won the bidding war... more
Around 5000 British workers are waiting on the future of Vauxhall as final bids go in for its German parent Opel, part of the for-sale European arm of the bust General Motors ... more
Unions today called for greater transparency from bidders for Vauxhall and Opel, after a leaked document revealed that Belgian investment group RHJ International plans to “downsize” Vauxhall’s Luton plant, potentially costing hundreds of jobs ... more
A new spanner was thrown in the works of a deal to secure 5000 British jobs at Vauxhall as the European Commission said it is to investigate a takeover deal... more
Peter Mandelson met the boss of Vauxhall's new owner in the hope of securing jobs in the UK, but came up with little in the way of assurances for workers ... more
It is now two months since Resolution shook even the most jaundiced City investors with its announcement that the Financial Services Authority had decided to look again at the year-old deal that saw its previous business of closed life assurance funds being acquired (after a prolonged battle) by Hugh Osmond’s Pearl Group ... more
Thousands of British carmaking jobs are under severe threat as it emerged a Fiat takeover of Vauxhall could lead to the closure of either or both of its Luton and Merseyside factories... more
Engineering: The German government’s “scrapping bonus” where people are offered 2500 euros (£2231.9) to junk cars nine years old or more if they buy a new vehicle, seems to be working... more
Engineering: Regional overnments in Germany are poised to buy a stake in General Motors' Opel unit in a rescue effort to separate the German carmaker from its ailing parent... more
Tonight:
3°c
