News results for "opel adam"

Why General Motors' Revenue Fell 13% Last Quarter

Posted By GMbeat on Articles - General Motors had a whopper of a special item in the third quarter: a set of one-time charges totaling $5. 4 billion, all related to its sale of German automaker Adam Opel AG to rival Peugeot SA. That charge and other Opel-related costs pushed GM to a $3 billion GAAP net loss for the quarter, though much of that was an accounting charge.

A Big Loss for General Motors, but Good News Too

Posted By GMbeat on Articles - As expected, General Motors swung to a GAAP loss of about $3 billion in the third quarter, and its revenue fell sharply from a year ago, on a year-over-year drop in production and $5. 4 billion in one-time charges related to the sale of its German subsidiary Adam Opel AG to French automaker Peugeot SA.  Beyond those issues, GM's underlying performance was fairly strong.

Opel Karl, Adam And Corsa Receive Updated OnStar System

Posted By GMbeat on Articles - Opel’s trio of small cars—the Karl, Adam and Corsa—just received an update. Now, owners of the Opel models listed can now benefit from all the benefits found in Opel OnStar with a new navigation system.

Opel Adam Black Jack Does Its Best Bumblebee Impression

Posted By GMbeat on Articles - European customers looking for a fashion-forward supermini have plenty of options at their disposal, from the retro Mini and Fiat 500 to the avant-garde DS 3. General Motors wouldn't want them to forget about the Opel Adam, though.

Opel's relationship with GM grew turbulent through the years

Posted By GMbeat on Articles - Originally founded by Adam Opel to build sewing machines, his sons moved the company’s direction towards mass mobility first by manufacturing bicycles and then later building their first car, the Opel Lutzmann, in 1899. Thirty years later the world’s first economic crisis threatened its existence and the heirs agreed to sell the company in 1929 to General Motors. Opel initially blossomed under GM, becoming the first German automaker to build more than 100,0000 vehicles annually. In 1939, at the outbreak of World War 2 in Europe, Opel boasted it was Europe's largest carmaker for the fourth yea

Opel takeover by Peugeot comes after years of crisis

Posted By GMbeat on Articles - The imminent takeover of General Motors’ European subsidiary Opel by French carmaker PSA Peugeot Citroen comes after almost two decades of crisis for the historic manufacturer. Despite remaining a familiar sight on German roads, the carmaker with the “Blitz” (lightning) logo and its British sibling Vauxhall haven’t booked a profit since 1999. Recent woes cast a pall over the firm’s storied history, dating back to its founding in 1862 by Adam Opel as a sewing-machine and later bicycle manufacturer.

GM’s Opel Business Sale Likely Eliminates Low-Cost Funding Source

Posted By GMbeat on Articles - General Motors' sale of Adam Opel AG likely eliminates a source of low-cost funding for the Detroit auto giant’s car-lending business, potentially pressuring profits in lending operations the company has been trying to rebuild since bankruptcy.

Peugeot’s Purchase of GM’s Opel Business Expected to Be Announced Monday

Posted By GMbeat on Articles - A deal for General Motors to sell its Adam Opel AG European business to French car maker Peugeot is expected to be announced Monday, according to two people familiar with the plan. A purchase price is not yet known. The car makers have been in talks for months.

PSA Group Reaches Deal with General Motors to Purchase Opel

Posted By GMbeat on Articles - As expected, a transfer of General Motors’ subsidiary Adam Opel AG to European automaker PSA looks to be a done deal. PSA’s board approved the deal on Friday, with an official announcement planned for early next week.