Saab Automobile signed a deal to begin using BMW engines as the struggling Swedish automaker seeks to restore its profitability and prestige.
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At an anticipated $16 billion, General Motors’ pending initial public offering was expected to be the second largest in history. Now, the No. 1 U.S. automaker is revising IPO expectations downward, anticipating it will bring in…
General Motors’ share of the U.S. automobile market is expected to slip to 18% in September, the third lowest ever recorded by the Detroit automaker.
Continue reading GM’s Market Share Hovers Near Record Low
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China’s SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM’s stakeh…
The Treasury Department has said that the GM IPO would be open to investors from both inside and outside the U.S. One of the largest car companies in China, SAIC, had already expressed interest.
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