Tag Archives: GM

GM to accelerate Volt Electric Car production

General Motors is stepping up production of its new Chevrolet Volt electric car in response to “huge demand,” according to a statement by a top executive yesterday. GM product chief, Tom Stephens, was Speaking at an event where the Volt … Continue reading

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GM to cut 1600 jobs in USA

General Motors has announced this morning that it is about to cut 1600 jobs in the United States this week as the company rushes to meet a June 1st deadline to restructure its operation under U.S. government oversight. The reductions … Continue reading

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GM deny merger talks with Chrysler

General Motors today dismissed a report that it had recommenced merger talks with Detroit rival Chrysler Today’s Wall Street Journal, citing sources “close to” the discussions, said that talks about a combination have been restarted after Cerberus Capital Management LP, the … Continue reading

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Ford to Sell 20% of stake in Mazda

As the cash crisis worsens in Detroit, Ford Motor company announced this morning that they are about to sell a 20% stake in Japan’s Mazda Motor Corp (Mazda). Mazda Chief Executive Hisakazu Imaki, said this morning that it would announce “major-shareholder changes” … Continue reading

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