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An improvement in the European business environment prompted General Motors to ditch plans for a sale of its Vauxhall and Opel brands two days ago, in a U-turn that stunned the industry. The decision was greeted with relief in Vauxhall factories in Britain, but was soon overshadowed by a w...
This is an incredible turnaround from General Motors. I am absolutely delighted with this news. It is fantastic news for the UK and right that General Motors does not break up its family and instead retains ownership of Vauxhall," he said.
General Motors' decision to hang on to its European operation – greeted with relief at Vauxhall factories in Britain – is a sign of confidence that its financial health has improved sufficiently to invest in turning around a loss-making yet technologically promising operation. GM, whi...
Ford has managed to survive without a government bailout, unlike its rivals General Motors and Chrysler, which were both forced to file for bankruptcy. But the company still faces challenges, including an ongoing dispute with the United Auto Workers union over pay and conditions.
Ford was the only one of the big three Detroit carmakers not to take a government bailout and the figures will give General Motors and Chrysler hope that they can stage a recovery after being battered by the recession and structural problems.
Established in Gothenburg in 1927, Volvo took its name from the Latin verb "volvere", meaning "to roll". The manufacturer employs about 20,000 staff, three quarters of whom work in Sweden. However, Volvo lost $231m (£140m) in the second quarter of 2009 and sales of its vehicles have falle...