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Hildale, Utah, US
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GM shifts gears, will keep Opel
Tue, 03 Nov 2009General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.
SAIC merges with Nanjing
Fri, 28 Dec 2007By Keith Adams Motor Industry 28 December 2007 15:27 Is the Chinese car industry learning to rationalise? Absolutely. In order to attack world markets, China’s government and its largest automotive players have been getting cute. There’s a rush to merge or combine in order to compete in international markets.
2014 Chevrolet Corvette Stingray pricing announced
Fri, 26 Apr 2013The running line regarding 2014 Chevrolet Corvette Stingray pricing has been vague. It usually goes something like: If you can afford today's car, you will be able to afford the C7. That was proved true Friday, when Chevy said the latest generation of the iconic sports car will start at $51,995, including destination charges.