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General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, Gm, Restructuring, Subsidiary, U.S. government, United States, USD

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, General Motors Co., Gm, Restructuring, Subsidiary, U.S. government, United States, USD

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, Gm, Restructuring, Subsidiary, U.S. government, United States, USD

A subsidiary of a Korea-based auto supplier will take over and invest $22 million in ArvinMeritor Inc.and#8217;s manufacturing plant in Detroit as ArvinMeritor continues to exit its light vehicle systems business.

Tags: Arvinmeritor, Arvinmeritor Inc, Auto Supplier, Detroit, Detroit Plant, Exit, Hyundai, Hyundai Mobis, Korea, Manufacturing Plant, Subsidiary, Systems Business, USD

A subsidiary of a Korea-based auto supplier will take over and invest $22 million in ArvinMeritor Inc.’s manufacturing plant in Detroit as ArvinMeritor continues to exit its light vehicle systems business.

Tags: Arvinmeritor, Arvinmeritor Inc, Auto Supplier, Exit, Hyundai, Hyundai Mobis, Korea, Leases, Manufacturing Plant, Subsidiary, Systems Business

The Caprice name returns to Chevrolet in 2011 as a rear-drive police car. The car will be engineered by General Motors’ Holden subsidiary in Australia and assembled there.

Tags: Australia, Chevrolet, Chevy Caprice, General Motors, General Motors Holden, Police Car, Subsidiary

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 after the UAW failed to give contract concessions.

Tags: Continental, Continental Ag, Continental Electronics, Contract Concessions, Huntsville Ala, Subsidiary, UAW, Year End

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

Tags: Alabama, close electronics, Continental, Continental Ag, Continental Electronics, Contract Concessions, electronics, Huntsville, Huntsville Ala, Subsidiary, UAW, United States, Year End

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

Tags: Alabama, close electronics, Continental, Continental Ag, Continental Electronics, Contract Concessions, electronics, Huntsville, Huntsville Ala, Subsidiary, UAW, United States, Year End

Japanese supplier NHK Spring Co. plans to close its Ohio stabilizer factory in March to rein in costs amid tumbling orders from North American automakers. The closure affects the Toledo plant of NHK subsidiary New Mather Metals Inc.

Tags: American Automakers, Closure, Mather, Metals Inc, Stabilizer, Subsidiary

Toyota Motor Corp. is creating a fully owned subsidiary to coordinate marketing and advertising at home and abroad as it aims to tailor its vehicles to local markets.

Tags: Global Marketing, Local Markets, Marketing Advertising, Marketing And Advertising, Subsidiary, Toyota, Toyota Motor, Toyota Motor Corp

Toyota Motor Corp., battling a 26 percent plunge in worldwide sales this year, said its new president will lead a subsidiary to coordinate marketing and advertising around the globe while vehicles are tailored to local markets.

Tags: Global Marketing, Globe, Lead Marketing, Local Markets, Marketing Advertising, Marketing And Advertising, New President, Plunge, Subsidiary, Toyota, Toyota Motor, Toyota Motor Corp, Worldwide Sales

Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is “entirely too rich given current market and economic conditions,” adding bankrupt Visteon’s employees should be happy still to have jobs.

Tags: Current Market, Economic Conditions, Employee Incentive Program, Ford, Ford Motor, Ford Motor Co., former parts subsidiary, Jobs, Rich Ford, Subsidiary, Visteon, Visteon Corp

Ford Motor Co. says former parts subsidiary Visteon Corp. has proposed an employee incentive program that is “entirely too rich given current market and economic conditions,” adding bankrupt Visteon’s employees should be happy still to have jobs.

Tags: Current Market, Economic Conditions, Employee Incentive Program, Ford, Ford Motor, Ford Motor Co., former parts subsidiary, Jobs, Rich Ford, Subsidiary, Visteon, Visteon Corp

Bankrupt Tier 2 supplier Global Safety Textiles, a subsidiary of Wilbur Ross’ International Textile Group Inc., said W.L. Ross and Co. has proposed to invest $55 million in a new company that would buy bankrupt GST’s assets.

Tags: Affiliate, Assets, Global Safety, Global Safety Textiles, International Textile, Invest, Ross International, Subsidiary, Textile Group, Textiles, Tier 2, USD, W L Ross, W.L. Ross and Co., Wilbur Ross, Wilbur Ross' International Textile Group Inc.

General Motors has agreed to assume ownership of five Delphi Corp. plants in the United States and operate the UAW-manned factories as a wholly owned subsidiary, according to union highlights of the tentative new contract between GM and the UAW.

Tags: Contract Details, Delphi, Delphi Corp., Factories, General Motors, Gm, New Contract, Plants, Subsidiary, UAW, United States

Fiat S.p.a. and Magna International Inc. are emerging as rival bidders for a significant stake in General Motors’ Opel/Vauxhall subsidiary.

Tags: Fiat, General Motors, General Motors Opel, General Motors' Opel/Vauxhall, Magna, Magna International, Magna International Inc, Opel Fiat S.p.a., Opel Vauxhall, Rival Bidders, Stake, Subsidiary

Daimler AG, which is struggling with a slump in sales of its Mercedes-Benz cars and trucks, warned shareholders today that it might face a writedown if Chrysler, its former US subsidiary, were to go bankrupt.

Tags: Chrysler, Chrysler Daimler, Collapse, Daimler Ag, Daimler Chrysler, Mercedes Benz, Mercedes Benz Cars, Shareholders, Slump, Subsidiary, Trucks, United States

General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker’s Opel subsidiary.

Tags: Automaker, Ceo, European Officials, General Motors, Opel, Rick Wagoner, Subsidiary, Uncertainty, United States, Willingness

General Motors CEO Rick Wagoner said today he is encouraged by the willingness of European officials to provide aid to the automaker’s Opel subsidiary.

Tags: Automaker, Ceo, European Officials, General Motors, Gm, Opel, Opel General Motors, Rick Wagoner, Subsidiary, Willingness

Guardian Industries Corp. has spun off its automotive trim operations as a wholly owned subsidiary, SRG Global Inc. The new unit aims to be one of the largest global suppliers of chrome-plated plastic auto parts.

Tags: Auto Parts, Global Inc, Global Suppliers, Guardian Industries Corp, Plastics, SRG Global Inc, Subsidiary

General Motors sources today confirmed press reports that its Opel subsidiary could sell a German car plant to Daimler.

Tags: Car Motors, Car Plant, Daimler, Daimler General Motors, General Motors, German Car, Gm, Opel, Sell Car, Subsidiary

It is just as small as the Hummer is large, making the Smart Car video featuring the Smart Car vs. Hummer to be very interesting.

Tags: Car Smart, car video, Cars, Hummer, Mercedes, Polar Opposites, Smart Car, smart car video, Stacks, Subsidiary, Tiny Car, Www Youtube

General Motors is preparing to turn its Saab subsidiary into a separate business, a move that will make the struggling brand more attractive to potential buyers.

Tags: General Motors, Ready To Run, Saab, Subsidiary

A Mexican maker of catalytic converters and exhaust systems has agreed to buy Delphi Corp.’s global exhaust business for $17 million. Katcon S.A., a subsidiary of Mexican holding company Bienes Turgon S.A.

Tags: Bienes Turgon S.A., Catalytic Converters, Delphi, Delphi Corp., Exhaust Business, Exhaust Systems, Global Business, Holding Company, Katcon S.A., Subsidiary, Turgon, USD