Pricing, Europe Weigh on GM Results
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General Motors Corp.'s third-quarter earnings rose 3.5 percent, but the company's automotive business lost $130 million primarily because of heavy losses in Europe and lower production and intense pricing pressure in North America.
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General Motors GM.N is seriously   considering boosting car exports from Europe, including to its   key U.S. market, to help boost productivity at its European   sites, a senior GM executive said on Thursday.
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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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FRANKFURT : General Motors&#39; European restructuring plans are heading for a further rough ride as wildcat strikes to protest the US automaker&#39;s plans to slash 12,000 jobs get set to spread on Tuesday.
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Western European car sales probably fell in October for a fourth consecutive month, led by declines at General Motors Corp and PSA Peugeot Citroen, as slowing economic growth and rising unemployment made ...
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A strike at a General Motors Corp. plant in Germany began to squeeze the company's European production yesterday as a lack of parts halted two other factories, while thousands of workers rallied against GM's plan to cut up to 12,000 jobs across the continent.
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Russia, other nations in east are latest destinations for OEMs, suppliers. Facing tighter margins and continuous needs to be closer to market, automobile manufacturers in Europe continue to seek out low-cost ...
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General Motors Europe (GM.N: Quote, Profile, Research) will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop
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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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A strike at a General Motors Corp. plant in Germany began to squeeze the company's European production Tuesday as a lack of parts halted two other factories, while thousands of workers rallied against GM's plan ...
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The General Motors Corporation said Thursday that high fuel prices and declining consumer confidence would be a drag on sales this year in the United States.
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General Motors Corp. GM.N on Thursday  posted disappointing quarterly earnings and cut its 2004 profit  forecast due to mounting losses in Europe and slowing growth in  China, sending its shares down 5 percent.
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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MILAN  - Sharp differences between the Fiat Group and General Motors over an option by Fiat to sell its loss-making auto operations to GM will be the focus of a meeting between the two companies in Zurich on Tuesday.
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TOKYO/DETROIT  - General Motors Corp.  on Tuesday posted a steeper-than-expected 24 percent drop in June sales, as U.S. automakers lost share to Japanese brands and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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U.S. corporate bond spreads ended a  touch wider with bonds of General Motors GM.N coming under  significant pressure on Tuesday, while ongoing demand for  higher yield kept new issues rolling in, market players said.
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General Motors, the biggest car maker, said it has started negotiations with unions to cut jobs in Europe. Car giant is going to cut as much as 12,000 jobs in its Europe unit that suffered losses recently.