Home > Opel

GM to recall more than 2.5 million cars in China over Takata airbag defect

SHANGHAI – GM (China) Investment Co., Ltd. and SAIC-GM Automobile Co., Ltd. will recall more than 2.5 million cars in China affected by the Takata airbag inflator defect starting on October 29, according to a notice posted on the website of the Administration of Quality Supervision, Inspection and Quarantine (AQSIQ)

| | | | | | Read More

PSA’s Red Chamber Dream

China’s second largest automaker has been holding talks about buying a stake in the troubled French carmaker PSA Peugeot Citroën. PSA has experienced the worst performance in recent history in the first five months of 2013: a decline of 14 percent in sales year-on-year to 582,000 units in Europe. Confronted

| | | | | | | | | | Read More

GM Europe set to announce “horrendous” Q4 losses, major restructuring expected

General Motors (GM) is close to announcing full-year financial results that will paint a negative picture for the company’s main European unit Opel/Vauxhall. According to a Wall Street Journal (WSJ) report, GM is preparing to announce what have been described by an unnamed GM executive as “horrendous” fourth-quarter results for

| | | Read More