Posted on November 18, 2009 at 3:35 PM
Filed under: Corporate Strategy | Detroit Breakdown | Divesting and Restructuring
Tagged: general motors co.

Ron Bloom, the head of the White House automotive task force, reiterated the government's desire to reduce its majority stake in General Motors Co., telling Reuters the automaker could launch an initial public offering before the end of 2010.But the emphasis is on the word "could," as Bloom also echoed...  Continue reading

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Posted on November 13, 2009 at 12:13 PM
Filed under: Detroit Breakdown
Tagged: Adams Opel GmbH , AG , Center for Automotive Research , Ferdinand Dudenhöffer , Fritz Henderson , General Motors Co. , IG Metall , Klaus Franz , Linklaters , Melissa Hetherington , Workers Council

Opel workers want GM to give them more power by changing the European automaker's incorporation status from 'GmbH' to 'AG.' But GM is not likely to comply.  Continue reading

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Posted on November 9, 2009 at 3:03 PM
Filed under: Deal International | Detroit Breakdown | Divesting and Restructuring
Tagged: fritz henderson , general motors co. , opel

General Motors Co. CEO Fritz Henderson kicked off a sales challenge worthy of the slickest used car dealer on Monday, traveling to Germany to meet with leaders of the company's Adam Opel GmbH unit to discuss the European automaker's future inside of GM.Henderson arrives in Germany accompanied by GM international...  Continue reading

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Posted on November 6, 2009 at 4:00 PM
Filed under: Deal International | Detroit Breakdown
Tagged: general motors co. , opel

General Motors Co. appears set to bring in a new team to lead the overhaul of its German Adam Opel GmbH unit.The Detroit-based automaker, which earlier this week called off a planned sale of Opel in favor of keeping it in-house, said Friday that unit president Carl-Peter Forster will be...  Continue reading

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Posted on October 23, 2009 at 3:01 PM
Filed under: Detroit Breakdown
Tagged: Chrysler Group LLC , general motors co.

Much has been made of the assertiveness shown by the board of General Motors Co. in critiquing the automaker's post-bankruptcy revitalization plan. In a Wall Street Journal piece Friday, the new chairman of GM crosstown rival Chrysler Group LLC says his group has been just as willing to flex its...  Continue reading

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Posted on October 14, 2009 at 2:11 PM
Filed under: Corporate Strategy | Deal International | Detroit Breakdown | Divesting and Restructuring
Tagged: AvtoVAZ , GAZ , general motors co. , magna international inc. , renault nissan

With the sale by General Motors Co. of a majority stake in Adam Opel GmbH now looking like it will finally close, the Financial Times on Wednesday published a big article on an underexamined element of the deal: the partnership between Magna International Inc. (NYSE:MGA) and Russia's OAO Sberbank, which...  Continue reading

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Posted on October 9, 2009 at 5:00 PM
Filed under: Detroit Breakdown | Divesting and Restructuring
Tagged: ford motor co. , uaw , united auto workers

Ford Motor Co. is reportedly nearing a deal with the United Auto Workers on labor-contract revisions aimed at bringing Ford's costs in line with those of crosstown rivals General Motors Co. and Chrysler Group LLC.UAW local officials have been summoned by leadership to Detroit on Tuesday for an update on...  Continue reading

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Posted on October 5, 2009 at 4:19 PM
Filed under: Careers | Corporate Strategy | Detroit Breakdown | Divesting and Restructuring | Integration | Movers & Shakers | People
Tagged: Chrysler Group LLC , fiat

Sergio Marchionne is shuffling the management ranks and organizational chart at Chrysler Group LLC for the second time since the Fiat SpA CEO took over the corner office in Michigan this summer. Chrysler said Monday that Chrysler brand CEO Peter Fong and Dodge chief Michael Accavitti had both left the...  Continue reading

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Posted on September 30, 2009 at 3:46 PM
Filed under: Detroit Breakdown
Tagged: Chrysler Group LLC , general motors co.

The auto industry, an "old economy" basket case in desperate need of 21st century ideas, is finding out first-hand what does and doesn't work when trying to sell online. General Motors Co. has pulled the plug on its much-ballyhooed experiment to sell cars on eBay, calling the seven-week program a...  Continue reading

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Posted on September 29, 2009 at 2:21 PM
Filed under: Deal International | Detroit Breakdown | Divesting and Restructuring
Tagged: general motors co. , magna international inc. , opel , Penske Automotive Group , saturn

General Motors Co. appears to be moving toward completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.Entrepreneur Roger Penske's auto dealer company should formally close on its deal for GM's Saturn brand on Wednesday, according to the Detroit Free Press, meeting the target date...  Continue reading

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