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Electric car grants to benefit manufacturers

The government are to provide grants of up to £5,000 to encourage motorists in the UK to purchase the eco-friendly vehicles. From next month, drivers who buy the Mitsubishi iMiEV, the Mercedes-Benz smart Fortwo ED or the Peugeot iON are eligible for the grants.

GM Results Show ‘Sustained Progress'

General Motors (GM) today announced its second quarter 2010 results, marked by revenue of $33.2 billion and net income attributable to common stockholders of $1.3 billion. GM’s second quarter earnings before interest and tax (EBIT) were $2.0 billion.

Opel/Vauxhall Withdraw European Loan Applications

The companies decided to withdraw all applications for government loan guarantees across Europe, despite a need for around 1.8 billion euros, because of long delays. Opel/Vauxhall said the process had been “more complex and longer than anticipated”.

Vauxhall: Ampera passes production milestone

More validation Amperas will be built in coming months and will be used by engineers in Europe and the U.S. for testing, Vauxhall said.

Britain offers loan to safeguard GM jobs

The British government has agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain. The money will help secure operations at the carmaker's two Vauxhall plants in the UK and those of Opel in Europe.

Tata Motors appoints former head of GM Europe as group CEO

The news came as it revealed global sales grew by 93 percent to 85,714 vehicles in January 2010. Forster will have overall responsibility of Tata Motors globally, including that of its British unit Jaguar and Land Rover.

Spyker Cars shares soar on Saab offer

General Motors has until 10.00pm GMT today to respond to the proposed deal, which removes the need for a loan approval by the European Investment Bank before year end, according to Spyker.

GM announces leadership changes

GM has announced a number of leadership changes.

Opel/Vauxhall sale cancelled

A GM statement said its board had made the decision because of "an improving business environment for GM over the past few months".

GM to cut around 10,000 Opel jobs

The Opel saga has taken another twist.

More details emerge on Unite-Magna deal

As reported on Manufacturing Digital yesterday, the Unite Union has reached a deal with the new owners of GM Europe - Magna - which will secure the future of Vauxhall and its 5,50

Vauxhall workers take pay freeze to save jobs

The BBC is reporting that unions have agreed a deal with Vauxhall's buyer to secure the future of its UK jobs.

GM agrees sale of Vauxhall and Opel to Magna

The decision comes after months of uncertainty about the future of jobs in the car manufacturing industry.

GM expects bids for Vauxhall today

The bids are expected by the end of today, while the government is likely to come to a decision within days.

GM gets three offers for Opel

The three bidders are Canadian car parts maker Magna, Belgian-based investor RHJ International and China's Beijing Automotive Industries.

UK auto slowdown eases as scrappage scheme lifts car orders

According to figures released today by the Society of Motor Manufacturers and Traders (SMMT) new car registrations fell by 15.7 percent in June, the smallest since July 2008.

Vauxhall staff pin hopes on Astra

By John Bowker

Opel/Vauxhall: The waiting game

An Opel spokesman confirmed that no formal announcement about job losses will be made before its sale to Magna is concluded, adding that an interim deal is expected some time in July.

Obama speaks on GM

President Barack Obama said GM and its stakeholders have achieved "a viable, achievable plan" to return GM to profitability and called the deal "tough but fair," adding it would "give th

GM files for bankruptcy

The decision has been given the seal of approval by the U.S. Government, which will, according to reports, take a 60 percent stake in the company.

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