GM to fire on all cylinders if Opel&#39;s cost-cutting fails
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WORKERS at General Motorsâ German unit Adam Opel are not out of the woods yet. The company and union officials have agreed to reduce the German workforce by up to 10,000, but if cost cutting falls short, or
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Facing continued top-line weakness, the company may have to cut costs.
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General Motors Corp.  was warned of another possible cut in its debt rating on Monday, a day after the world's largest automaker said it would spend about &#36;2 billion (1.55 billion euros) to end its troubled alliance with Fiat Spa .
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With its key product line in deep trouble, the carmaker has been forced take some dramatic action to salvage its turnaround plan
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General Motors Corp. GM.N on Thursday  said it expects earnings this year to fall, due partly to a $1  billion rise in health-care costs, and the automaker also  pushed back a longer-term profit target.
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General Motors has a new pitch for car shoppers to coincide with an expected rate hike Wednesday from the Federal Reserve. GM&#39;s program, called &quot;Lock &#39;n&#39; Roll,&quot; will give shoppers who buy a
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General Motors Corp., the world&#39;s biggest carmaker, will cut as many as 12,000 jobs in Europe, almost a fifth of its workforce in the region, after $3 billion in losses in the past four years.
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FRANKFURT: General Motors Europe will chop 12,000 jobs over two years - around a fifth of its workforce - to lop 500 million euros ($673m) from costs at the loss-making business, it reaffirmed yesterday.First ...
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General Motors Corp. , in the midst of reassessing its unprofitable European operations, is not ruling out closing a plant there and is likely to cut some jobs, a GM spokesman said on Wednesday.
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A General Motors review of its Saab subsidiary could lead to the upmarket car brand being axed, if the heavy investment required to revive it is deemed unjustified.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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Wildcat strikes have broken out at General Motors plants in Germany in the wake of the companyÂs announcement that it will cut 12,000 jobs in Europe and could close an assembly plant.
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General Motors&#39; Adam Opel AG unit said Tuesday it had agreed with employee delegates to try to ensure the survival of its main plants in Germany beyond 2010, while finding &quot;socially acceptable&quot; ways of cutting back their work force
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Employees at General Motors&#39; Opel plant in Bochum, Germany, refused to resume work yesterday, extending a stoppage that began last Thursday in protest at the carmaker&#39;s plan to cut jobs, a union official said.
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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.
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Outraged workers in Germany refuse to resume production as automaker seeks to save $623.8Ma year. FRANKFURT, Germany  - General Motors management started negotiations with union leaders Monday over
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General Motors Corp., the world&#39;s biggest carmaker, faced wider production cutbacks in Europe as a six-day protest against job-cut plans spread and a shortage of parts from Germany halted work at a Belgian car plant.