More in Restructuring

  • Newswire

    GM to Ask Court to Freeze Lawsuits Over Ignition Defects  

    The automaker wants a federal court in California to suspend litigation related to actions involving the so-called Old GM, which produced the defective cars prior to its 2009 bankruptcy filing....More
  • Newswire

    PSA Looks to Dongfeng Deal to Launch Comeback  

    The state-owned Chinese automaker and the French government each have purchased a 14% stake in struggling PSA, providing it with a cash infusion of €3 billion....More
  • Mar 25, 2014

    Mary Barra Speaks to GM Employees  

    General Motors CEO Mary Barra updates employees on ignition switch recall....More
  • Newswire

    Lawsuit Holds Pre-Bankruptcy GM Liable in Ignition Case  

    The so-called new GM is exempt from legal claims stemming from incidents that occurred before July 2009, but the federal lawsuit accuses both it and the pre-bankruptcy GM of concealing the defect that prompted last month's recall of 1.6 million cars....More
  • Newswire

    UPDATE 2-Renault and Nissan name management team to step up integration  

    * Renault-Nissan creates alliance management committee * Nissan executives to head engineering, production * Former Nissan exec to be Renault China chief -source (Adds further comments by CEO and analysts) By Yoko Kubota and Laurence Frost TOKYO/PARIS, March 17 (Reuters) - Carmakers Renault SA and Nissan Motor Co announced moves on Monday to combine key operations under a new team of managers, the boldest step yet taken in their 15 year-old alliance....More
  • Newswire

    South Africa Company Buys Stake in China's Great Wall  

    Super Group, a South African logistics company, now owns a 50.1% stake in Great Wall, Africa's leading automotive exporter....More
  • Newswire

    China's Geely to Merge Brands, Combine Dealers  

    Geely founder Li Shufu says slow sales of the Emgrand, Gleagle and Englon sub-brands have prompted the automaker to direct resources to a single vehicle lineup and consolidate the 900-plus dealerships with exclusive rights to sell one of the brands....More
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