Chinese sales help restore General Motors to profit
General Motors car sales in China leapt by 48.5% in the first half of the year as the Detroit firm continued its recovery
America’s largest carmaker, General Motors, is selling more vehicles in China than in its home market for the first time in its 102-year history. GM’s auto sales in China leapt by 48.5% to [...]
General Motors plans return to stock market
• Revitalised carmaker anticipates raising up to $15bn• GM’s move should bolster Obama in congressional elections
General Motors is gearing up for one of the biggest stock market flotations in US corporate history barely a year after emerging from bankruptcy. It hopes to raise $10bn to $15bn (£6bn to £10bn) and start to pay back government [...]
Outbreak of optimism in Detroit as motor industry hopes the worst is over
• Chrysler and Fiat join forces to launch smaller, greener cars• Monthly car sales in the US have stabilised
It is too early to hang out any bunting but quietly, tentatively, a more upbeat mood is spreading in Detroit’s downtrodden, downsized motor industry.
Chrysler set out ambitious plans today to use technology gained in its tie-up with [...]
Another government bail out plea
Jaguar land rover today showed that they were also suffering and desperately needed a government based loan, with a long list of other companies on the governments hit list, this shows that every sector of the economy is suffering with this being the latest company to step up to the government to help them get [...]
