Cars
Opel to Enter South American Market Starting with Chile Next Year
General Motors' Opel division is looking beyond Europe to increase sales and return to profitability. Following news of the company's interest to enter the Australian market and a previous announcement that it has signed a Memorandum of Understanding with Shlomo Group to export vehicles in Israel, Opel today revealed it will begin selling cars in Chile next year, making it the first country in Latin America to receive the German brand.
Read more »
-
Gm Admits Defeat And Pulls Opel Brand From Australian Market Less Than A Year After Launch
When General Motors launched the Opel brand in the Australian market just 11 months ago in September of 2012, officials predicted local sales of around 15,000 cars within the first three years. Reality, however, proved to be a bitter disappointment as...
-
Saab Signs Deal To Return To China Market In 2011
Maintaining a presence in China is vital for any automaker these days, even more so for a company like Saab that is struggling to make a comeback after almost going down this year. The Swedish automaker signed a memorandum of understanding (MOU) with...
-
Gm To Shut Down Antwerp Plant In Belgium, Announces More Cuts For Opel / Vauxhall
General Motors has turned its focus on its European division as a little after the announcement on its decision to wind down its Saab unit, the U.S. carmaker revealed that it intends to close Opel's manufacturing plant in Antwerp, Belgium, which...
-
Magna Says Gm Agreement Forbids Sale Of Opel Cars In The U.s. And China
Even though General Motors has kept a significant 35-percent stake in its European division, the agreement with Opel's new owner, a Magna-led consortium, does not allow the latter to sell Opel cars in the United States and for the time being, in China...
-
Gm’s Q1 Global Sales 1% Down At 2.25 Million Vehicles
The General announced that it sold 2.25 million cars and trucks around the world in the first quarter of 2008, down less than one percent compared to the previous period. Strong first quarter sales in GM's Latin America, Africa and Middle East and...
Cars