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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Posted on September 25, 2009 at 2:16 PM
Filed under: Deal International | Detroit Breakdown | Joint Ventures and Alliances
Tagged: Ford Fusion , ford motor co.

Ford Motor Co. (NYSE:F) announced Friday plans to build its third assembly plant in China, part of the automaker's bid to catch up with General Motor Co. and other rivals in Asia. The $490 million facility, to be located in Chongqing, is scheduled to come online in 2012 and produce...  Continue reading

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Posted on September 23, 2009 at 8:37 AM
Filed under: Detroit Breakdown

Luxury hybrid carmaker Fisker Automotive got a shot in the arm on Tuesday, securing a $528 million loan from the U.S. Department of Energy earmarked to help the company advance engineering work on its first two models.Irvine, Calif.-based Fisker received the money from a $25 billion fund set up by...  Continue reading

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Posted on September 22, 2009 at 2:15 PM
Filed under: Corporate Strategy | Deal International | Detroit Breakdown | Divesting and Restructuring | Joint Ventures and Alliances
Tagged: Chrysler Group LLC , dodge , fiat , Jeep

No one can accuse Fiat SpA of not aiming high. The Italian automaker, which took control of Chrysler Group LLC earlier this year as part of a post-restructuring global alliance, hopes that a revamped Chrysler brand can compete with premium domestic brands Cadillac and Lincoln.That would mark a significant repositioning...  Continue reading

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