Posts Tagged ‘Negotiations’

Deal or death? Saab dealers say they’re in the dark

Saab dealers in the United States say they have been uninformed bystanders to General Motors Co.’s on-again, off-again negotiations to sell the Swedish premium brand.

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GM close to deciding Saab buyer; Spyker favored

GM is close to deciding which of Saab’s bidders will proceed to final negotiations, Swedish news agency TT reported, citing a source. The report said the buyer which GM is leaning toward has experience in car production on a small scale.

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GM, citing improved financial health, decides to keep Opel

General Motors Co. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada’s Magna International Inc.

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and#8216;They need that volume’ and#8211; Reactions to GM’s decision

Here are some analysts’ reactions to General Motors Co.’s decision to keep Opel, undoing months of negotiations to sell the European unit to a Russian-backed group led by Canada’s Magna International.

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Ford-UAW deal nears rejection; no new negotiations seen

Ford Motor Co.’s U.S. factory workers moved a step closer late Friday to delivering a landslide rejection of proposed concessions while the UAW leadership said the union would not return to talks with the automaker until 2011.

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GM set to sign deal to sell Opel Thursday, reports say

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

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GM to sign deal to sell Opel Thursday, reports say

General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

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CAW aims to wrap up working-level Ford talks

The Canadian Auto Workers is working to complete a working-level exchange of information with Ford Motor Co. this week before returning to full-scale negotiations with the No. 2 U.S. automaker, the head of the union said on Monday.

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CAW aims to wrap up working-level Ford talks

The Canadian Auto Workers is working to complete a working-level exchange of information with Ford Motor Co. this week before returning to full-scale negotiations with the No. 2 U.S. automaker, the head of the union said on Monday.

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GM prepared to sell Opel to Magna, Reuters says

General Motors Co. is prepared to sell Opel to Magna International Inc., two people familiar with the negotiations told Reuters today. “They will sell it under conditions,” one of the sources said.

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GM prepared to sell Opel to Magna, Reuters says

General Motors Co. is prepared to sell Opel to Magna International Inc., two people familiar with the negotiations told Reuters today. “They will sell it under conditions,” one of the sources said.

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GM to sell 55% stake in Opel to Magna and Sberbank

General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada’s Magna International Inc., after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.

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GM to sell 55% stake in Opel to Magna, Sberbank

General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada’s Magna International Inc., after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.

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Subaru stays ahead of upfront with TV integrations

As media buyers and network ad sellers enter their second month of stalled negotiations in this year’s TV upfront — the time when marketers spend as much as 80 percent of their annual TV budget — advertisers such as Subaru will be approaching the…

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Subaru stays ahead of TV negotiations

As media buyers and network ad sellers enter their second month of stalled negotiations in this year’s TV upfront — the time when marketers spend as much as 80 percent of their annual TV budget — advertisers such as Subaru will be approaching the…

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GM set to resume talks with UAW

General Motors is set to resume negotiations with the UAW this week and believes everything should be open for discussion, CEO Fritz Henderson said. “I’m encouraged to reengage with the UAW at the bargaining table.

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U.S. Treasury to make new Chrysler debt offer, say sources

The U.S. Treasury is expected to make a new debt restructuring offer to Chrysler’s first-lien lenders as soon as Monday in the wake of cost-cutting deals the struggling automaker won with unions, people briefed on the negotiations said on Sunday.

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White House cites some progress in Chrysler negotiations

There has been some progress in U.S. government-driven negotiations to save Chrysler LLC, according to a senior White House official, who on Sunday also did not rule out an attempt to complete the company’s restructuring in bankruptcy.

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UAW-Chrysler talks intensify as deadline nears

The UAW is holding weekend negotiations with Chrysler LLC as the struggling U.S. automaker races toward a month-end deadline to clinch concessionary deals with its union and creditors.

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Chrysler lenders offer counter proposal to Treasury

Chrysler lenders today offered to cut the $6.9 billion that the car maker owes them down to $3.75 billion, moving them closer to the Treasury Department’s offer, people familiar with the negotiations said.

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Report: Canada in talks on funding for GM, Chrysler

The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors Corp.

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Canada in talks on funding for GM, Chrysler, report says

The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors and Chrysler LLC, The Globe and Mail reported on its Web site,…

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Canada in talks on funding for GM, Chrysler, Globe says

The governments of Canada and Ontario are in advanced negotiations to provide bankruptcy financing of as much as $6 billion for the Canadian operations of General Motors and Chrysler LLC, The Globe and Mail reported, citing people familiar…

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Fritz Henderson is GM’s go-to guy

Fritz Henderson, the successor to Rick Wagoner as CEO of General Motors, is a widely-traveled global executive who has become GM’s go-to guy in pressure negotiations. Henderson, 50, became GM’s president and COO in March, 2008.

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CAW still talking with Chrysler as deadline looms

Chrysler LLC and the Canadian Auto Workers union are still “far apart” in negotiations to reach a cost-saving deal to help the company qualify for government aid, the head of the union said today.

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