layoffs

GM Wants $4.2 Billion European Aid For Opel Restructuring
GM Wants $4.2 Billion European Aid For Opel Restructuring

Today GM of Europe announced a restructuring plan that would spin Opel off into a separate business unit to save "as many jobs and factories as possible" according to Automotive News. But GM can't do it alone; they claim to need 3.3 billion euros in state aid (approximately $4.18 billion). This in...Read More»

2009 Cadillac XLR
Roadster Redux: GM Kills Cadillac XLR

Yesterday we reported that the Honda S2000's days are numbered. In yet more bad news for wind-in-the-hair fans, Cadillac announces a Spring departure for its XLR roadster. XLR sales dropped 28 percent for 2008, bringing a total of only 1,250 units last year. The XLR is built at GM's Bowling Green...Read More»

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