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Opel Ampera-e EV Catches Fire While Charging In Germany: Video
Wednesday, November 4, 2020 - 4:47pm | 177An Opel Ampera-e caught fire Nov. 1 while parked and plugged into an AC charger in Germany. The car is the European version of General Motors Company's (NYSE: GM) Cheverolet Bolt electric vehicle. A video of the incident shows firefighters battling the blaze. Smoke...
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Ford Isn't Worried About European Auto Market Consolidation
Tuesday, March 7, 2017 - 11:17am | 322General Motors Company (NYSE: GM)'s decision to sell its Opel/Vauxhall subsidiary to PSA Group failed to not only excite shareholders, but it also failed to intimidate its peers in Europe. Speaking to CNBC from the sidelines of the Geneva Motor Show, Ford Motor Company (NYSE: F)'s executive vice...
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More Mergers In Motors? Reuters Reports General Motors Opel Unit And PSA Group In Talks
Tuesday, February 14, 2017 - 11:26am | 437M&A chatter helped boost automakers' stocks higher on Tuesday. According to a Reuters report, France-based PSA Group is in talks with the American automaker General Motors Company (NYSE: GM) to acquire its European Opel division. A spokesperson for PSA Group confirmed the talks with Reuters and...
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General Motors May Need To Lower Costs In Europe To Cover Brexit-Related Headwinds
Thursday, July 21, 2016 - 2:35pm | 263Add General Motors Company (NYSE: GM)'s name to a list of companies that have "Brexit"-related concerns. According to Reuters, General Motors may need to lower its costs in Europe to offset as much as $400 million of headwinds that are related to the Brexit vote. In fact, the...
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General Motors to Focus on Bolstering its Struggling Opel Brand in Europe
Friday, December 20, 2013 - 4:41pm | 421More changes on tap for General Motors (NYSE: GM), as the auto-maker wraps up an historic month. The company appointed Juergen Keller as executive director for sales and marketing at GM's European subsidiary, Adam Opel AG. Keller, most recently Opel's director of international operations, will...
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Five Star Stock Watch: General Motors (GM)
Tuesday, October 15, 2013 - 12:52pm | 348The company: General Motors Ticker Symbol: (NYSE: GM) Sector: Consumer Goods Industry: Auto Manufacturers General Motors designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac,...
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European Auto Sales Fall in May, GM Sees Sharp Decline In Sales While Ford Gains Market Share
Tuesday, June 18, 2013 - 1:00pm | 432Auto sales across the European Union declined in May from a year ago as the economic slump across the region continues to weigh on expenditures. Notably, sales from General Motors (NYSE: GM) declined sharply while the market share of Ford (NYSE: F) increased from a year ago according to ACEA....
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Cadillac Headed for Brazil
Tuesday, October 23, 2012 - 9:05am | 453In an effort to increase global awareness of its finest luxury brand, General Motors (NYSE: GM) is contemplating exporting the crested cars to other parts of the world, the latest possibility is to Brazil. GM has no plans to actually build the cars in Brazil, which currently sits as the world's...
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Toyota Sales Dive in China, Fiat Wants Opel from General Motors
Friday, October 5, 2012 - 8:26am | 521Overseas, Toyota's (NYSE: TM) sales in China are slumping drastically due to boycott efforts of Chinese people on the Japanese automakers after the country's government made a controversial purchase of a group of East China Sea islands in September. China is the world's largest car market, and...
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Chrysler Offers New Models, General Motors Gives Opel Ultimatum
Tuesday, September 11, 2012 - 9:00am | 627Detroit's automakers General Motors (NYSE: GM) and Chrysler (OTC: FIATY) have been a part of many turnaround stories in recent news, from new models to recalls and managerial change-ups. As of late, each company has made tremendous efforts to maintain market share while increasing competitiveness...
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General Motors Europe Signs Labor Deal
Friday, May 21, 2010 - 10:43am | 137General Motors Co.’s European division has entered into a labor deal which would save it $331 million in costs every year. The deal will also clear the path for the division’s request for state aid. According to the Wall Street Journal, political parties in Europe are livid about supporting the U.S...
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GM To Close Opel Plant
Wednesday, January 20, 2010 - 8:54am | 145Reuters reported on Wednesday that General Motors plans to shut down its Opel manufacturing plant in the Belgian city of Antwerp as part of its cost cutting plans. Reuters cited unnamed company sources in its report. The plant employs 2,300 workers and has been rumored to be in jeopardy of being...