GM&#39;s Saab cuts targets on way to break even: report
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Swedish carmaker Saab reduced its  annual sales targets as the General Motors  unit tries to  reach break-even, the head of GM Europe said in an advance  abstract of a report in Automotive News Europe on Saturday.
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General Motors may bundle its  European operations in a new company based in Brussels in a  move to cut costs and simplify management structures, a German  newspaper reported on Saturday.
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Ford Motor Co  may accelerate  cost cutting if a slowing U.S. economy puts the auto maker at  risk of missing key financial goals in 2008 and 2009, the Wall  Street Journal reported in its online edition on Tuesday,  citing an interview with an executive.
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General Motors Corp. GM.N and Ford  Motor Co. F.N said on Wednesday they would cut production  more than expected after weak U.S. sales in November, a move  that analysts said could hurt profits.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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General Motors  sales outgrew the broader European car market in the first half as a surge in demand for its Korean-built Chevrolet brand cars offset a hefty decline in Saab sales, the automaker said on Monday.
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General Motors yesterday reached an agreement to slash nearly a third of its German workforce in a government-supported deal that could cost the US carmaker about $1 billion (Â¤750,824 million).
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U.S automakers face a widening gap in profitability per vehicle compared to their major Japanese rivals because of missed design opportunities, heavy discounting and high labor costs, a study released on Monday said.
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DETROIT -- General Motors Corp. and Ford Motor Co. reported disappointing US sales yesterday, prompting the nation's two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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The number 1 U.S. automaker slides on 5.2% reduction in December sales.
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Sales and earnings at the sleepy end of predictions may put the brakes on CarMax's recent race.
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General Motors Corp. and Ford Motor Co. have reported disappointing US sales, prompting the two largest US automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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A General Motors review of its Saab subsidiary could lead to the upmarket car brand being axed, if the heavy investment required to revive it is deemed unjustified.
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RUESSELSHEIM, Germany - General Motors Europe announced Thursday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year.  ..
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The automaker attributed the decline to a cutback in fleet sales to daily rental companies, a âsoft industryâ and lower incentive spending.
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Saab Automobile AB expects to be profitable this year after cutting its loss to $5.9 million in 2003, its top executive says.
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General Motors Corp. is  prepared to nearly halve the number of Buick models it offers  in the United States as it tries to reestablish the luxury  brand in its home market, GM's chief executive said on Tuesday.