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GM Launches On Star

Business | Automobile
2009-10-30

GENERAL Motors Corp yesterday launched its OnStar telematics services in China to meet higher demand for smart on-board technologies. Shanghai OnStar Telematics Co Ltd, a joint venture between GM, SAIC Group and...

GM to help Tengzhong win nod

Business | Automobile
2009-10-14

GENERAL Motors Corp will extend every support to help China's Sichuan Tengzhong to win government approval to buy its Hummer sport-utility vehicle brand, Chief Executive Officer Fritz Henderson said in Shanghai yesterday. ...

Conditions for GM-Delphi deal

Business | Automobile
2009-9-30

CHINA has conditionally approved General Motors Corp's plan to acquire portions of bankrupt parts supplier Delphi Corp, with reservations about a possible negative impact on China's automotive industry. The buyout...

GM Signs Export Deal

Business | Automobile
2009-9-10

GENERAL Motors Corp yesterday said it has signed a US$607 million agreement with its Chinese venture to export vehicles, machinery and equipment from the United States to China. Signed in Phoenix, Arizona, during...

GM free to pick buyer

Business | Automobile
2009-9-7

GENERAL Motors Corp isn't under any major political influence to pick a buyer for its European car business, Adam Opel GmbH, German Finance Minister Peer Steinbrueck said on Saturday. Steinbrueck said he told...

Shanghai GM sales go through the roof

Business | Automobile
2009-9-2

GENERAL Motors Corp yesterday said its flagship Shanghai venture had record sales last month, helped by new models and an industry-wide rebound. Shanghai General Motors, GM's venture with SAIC Motor Corp, sold...

General Motors Corp Venture set for end of August

Business | Automobile
2009-8-28

A commercial car venture jointly invested by General Motors Corp and China's FAW Group Co is said to be established at the end of this month, Caijing Magazine said yesterday. The joint venture would be the first...

General Motors Corp Finance unit offers US$1.46b loans

Business | Automobile
2009-8-27

GENERAL Motors Corp said its car financing unit in China has offered retail auto loans of 10 billion yuan (US$1.46 billion) by August 20 this year, a 20 percent rise from a year ago. The GMAC-SAIC Automotive Finance...

GM told to decide on bid soon

Business | Automobile
2009-8-24

GERMAN Chancellor Angela Merkel yesterday said General Motors Corp needs to make a decision soon on the future of its Opel unit, and that she hoped for progress this week. In an interview with ZDF television aired...

GM follows through on deal to pass Saab to Swedish group

Business | Automobile
2009-8-19

GENERAL Motors Corp said yesterday it has signed an agreement to sell its unit Saab Automotive to Sweden's Koenigsegg Group AB, confirming an announcement in June, although government officials warn that more capital...