Entries tagged "Saturn"
Canadian auto parts maker Magna International's chairman's comments about building Opel's in Canada could signal his interest in GM's Saturn castoff.
Four years ago America and China fought a major battle over Cnooc's bid for Unocal. Would the U.S. allow such a deal today?
Not only is Magna International preparing a bid for General Motors' Opel unit, but now it is considering a bid for U.S. brand Saturn in a deal that could make it a viable competitor.
If Magna wins the Opel auction and Saturn dealers buy the U.S. affiliate, then could the two GM units continue to ride together?
In addition to cutting U.S. brands Hummer and Saturn, GM is also considering Saab and Opel, but not before it attempts to shake down the Swedish and German governments for cash.
General Motors Corp., which has seen its shares fall to 1950s-lows in recent weeks on fears of a slowing economy and due to its overreliance on gas-guzzling trucks and SUVs, got a boost Monday from a Wall Street Journal story reporting that the automaker is looking to cut thousands of white-collar jobs and could sell or axe some of its brands....
