General Motors

GM to Cut 8,300 Opel Jobs in European Restructuring

General Motors will eliminate around 8,300 jobs at Opel across Europe, including nearly 4,000 in Germany and over 2,300 with the closure of Antwerp, as part of a plan to restore profitability.

Koenigsegg Withdraws from Saab Acquisition Deal

General Motors confirmed Koenigsegg Group AB has abandoned its planned purchase of Saab, leaving the Swedish brand's future uncertain as of November 2009.

About 19,000 GM workers strike at Brazilian plants over pay

Production at General Motors factories in São Paulo state halted as workers demand higher wage increases and bonuses, disrupting output during a peak sales period.