CHICAGO, Sept. 21
(Xinhua) -- The U.S. auto giant General Motors Co. said Monday that it will
spend more than 21 million U.S. dollars upgrading its Flint Assembly plant to
build the 2011 light-duty Chevrolet crew cab.
It is the latest production increase and capital
investment announced by GM since it emerged from bankruptcy July 10 with 50
billion dollars in federal aid.
According to a Detroit News report, GM will spend
money renovating the existing heavy-duty assembly process and installing new
machinery, equipment and tooling. Construction is expected to start in the
fourth quarter with production starting in July 2010.
GM also is investing 43 million dollars to build
lithium-ion battery plant in a Brownstown Township industrial park near Detroit
that will supply a key component of the Chevrolet Volt extended-range electric
vehicle.
Putin welcomes GM's Opel
choice
MOSCOW, Sept. 11 (Xinhua) -- Russian Prime
Minister Vladimir Putin said Friday General Motors' (GM) decision to sell
a majority stake in Opel to a Russian-Canadian consortium would help
Russia integrate into the European economy.
GM announced on Thursday that a consortium led
by Canadian parts supplier Magna and Russia's state-owned Sberbank would
take a 55 percent stake in its Opel division. GM will keep a 35 percent
stake and employees will hold the remainder. Full
story |
GM to sell off
Opel
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GM Europe President Carl-Peter Forster
attends a news conference in the headquarters of German car manufacturer
Opel in Ruesselsheim Sept. 10, 2009. U.S. carmaker General Motors has
decided to sell Opel to a group led by Canadian car parts maker Magna,
signalling an end to months of uncertainty for the European unit and its
50,000 workers.(Xinhua/Reuters Photo)
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BERLIN,
Sept. 10 (Xinhua) -- U.S. carmaking giant General Motors (GM) is to sell off a
majority stake in its European offshoot Opel to a consortium led by the
Canadian-Austrian auto parts group Magna International, German government
announced on Thursday. Full story
GM board to review final bids for
Opel
CHICAGO, Aug. 21 (Xinhua) -- U.S. automaker General
Motors Co. is expected to review final bids for its Opel subsidiary Friday amid
mounting pressure from Germany to accept an offer from Magna International Inc.
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A G.M. logo is seen behind an Opel logo
at the Opel plant of Antwerp August 21, 2009. U.S. carmaker General
Motors' board of directors is set to decide on Friday which suitor for the
Opel business in Europe it will support. (Xinhua/Reuters
Photo)
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According to a Detroit News report, the German
government would provide 6.4 billion U.S. dollars in loans to Adam Opel GmbH, if
GM selected the bid from a Magna-led consortium. Full story
GM launches light truck joint venture
with China's FAW
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The General Motors logo is seen outside
its headquarters at the Renaissance Center in Detroit, Michigan Aug. 25,
2009. (Xinhua/Reuters Photo)
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Gallery>>> |
CHANGCHUN, Aug. 30 (Xinhua) -- American General
Motors (GM) and China's state-owned automaker FAW Group Corp. (FAW) announced
Sunday a two billion yuan (about 293 million U.S. dollars) joint venture to make
light-duty trucks and vans.
"Our new joint venture will address demand in China
and other markets for high-quality, affordable products in one of the industry's
most robust segments, while complementing the portfolio of products that GM and
FAW currently offer," said Nick Reilly, executive vice president of GM. Full story
GM to drop corporate logo from
vehicles
CHICAGO, Aug. 25 (Xinhua) -- The largest U.S.
automaker General Motors Co. will no longer include the silver "GM" corporate
logo on its vehicles in a move to emphasize the four core brands that survived
the automaker's bankruptcy, a spokesman of the company said Tuesday.
The move, which starts with the 2010 model year, was
made earlier this month by the company's newly formed executive
committee. Full story
