General Motors Corp. on Yahoo! News Photos

Opel works council chairman Klaus Franz looks towards the ...

(AP) — Tue, 09 Feb 2010 14:51:12 GMT

(AP) - Opel works council chairman Klaus Franz looks towards the Opel logo at the Opel plant in Bochum, Germany, Tuesday, Feb. 9, 2010. General Motors Co.'s Opel unit asked European governments for billions of euros (dollars) in aid on Tuesday as it formally presented a restructuring plan that will result in some 8,300 job cuts. (AP Photo/Martin Meissner)

Opel works council chairman Klaus Franz talks to the media at ...

(AP) — Tue, 09 Feb 2010 14:37:06 GMT

(AP) - Opel works council chairman Klaus Franz talks to the media at a press conference at the Opel plant in Bochum, Germany, Tuesday, Feb. 9, 2010. General Motors Co.'s Opel unit asked European governments for billions of euros (dollars) in aid on Tuesday as it formally presented a restructuring plan that will result in some 8,300 job cuts.(AP Photo/Martin Meissner)

Nick Reilly (L) CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:59:38 GMT

(Reuters) - Nick Reilly (L) CEO of General Motors' subsidiary carmaker company Opel speaks with Volker Hoff after a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:58:36 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel addresses a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:56:31 GMT

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:52:10 GMT

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:48:55 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel leaves a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:43:36 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel attends a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:39:18 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel answeres journalists questions after a news conference in Frankfurt February 9, 2010.General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:38:14 GMT

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:36:04 GMT

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:32:46 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel arrives for a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. REUTERS/Ralph Orlowski (GERMANY - Tags: TRANSPORT BUSINESS)

Nick Reilly, CEO of General Motors' subsidiary carmaker ...

(Reuters) — Tue, 09 Feb 2010 12:30:37 GMT

(Reuters) - Nick Reilly, CEO of General Motors' subsidiary carmaker company Opel arrives for a news conference in Frankfurt February 9, 2010. General Motors unit Opel has asked Germany for 1.5 billion euros ($2.05 billion) state aid to help fund a restructuring plan including an 11 billion euro investment and sweeping job cuts in a drive to break even by next year. (GERMANY - Tags: TRANSPORT BUSINESS IMAGES OF THE DAY)

German Economic Minister Rainer Bruederle briefs the media about ...

(AP) — Tue, 09 Feb 2010 12:25:59 GMT

(AP) - German Economic Minister Rainer Bruederle briefs the media about the developments with General Motors Co's Opel unit at the Reichstags building in Berlin, Germany, Tuesday, Feb. 9, 2010. General Motors Co.'s Opel unit announced a restruction drive that will result in about 8,300 job cuts across Europe. (AP Photo/Markus Schreiber)

German Economic Minister Rainer Bruederle briefs the media about ...

(AP) — Tue, 09 Feb 2010 12:20:28 GMT

FILE - In this Dec. 3, 2008 file photo workers are seen at the ...

(AP) — Tue, 09 Feb 2010 12:19:18 GMT

(AP) - FILE - In this Dec. 3, 2008 file photo workers are seen at the assembly line of the Opel Insignia car at the Opel plant in Ruesselsheim, central Germany. General Motors Co.'s Opel unit said Tuesday Feb. 9, 2010 that it plans to invest 11 billion euros (US dlrs 15 billion) through 2014 and appealed for government help as it detailed a restructuring drive that will result in about 8,300 job cuts across Europe. Chef Executive Nick Reilly said as he presented Opel's restructuring plan Tuesday that the automaker is seeking 2.7 billion US dlrs from European governments in loans and loan guarantees. (AP Photo/Daniel Roland,File)

FILE - In this Nov. 25, 2009 file picture CEO of GM of Europe ...

(AP) — Tue, 09 Feb 2010 12:05:44 GMT

(AP) - FILE - In this Nov. 25, 2009 file picture CEO of GM of Europe Nick Reilly meets the media after visiting the Opel headquarters in Ruesselsheim, central Germany. General Motors Co.'s Opel unit said Tuesday Feb. 9, 2010 that it plans to invest 11 billion euros (US dlrs 15 billion) through 2014 and appealed for government help as it detailed a restructuring drive that will result in about 8,300 job cuts across Europe. Chef Executive Nick Reilly said as he presented Opel's restructuring plan Tuesday that the automaker is seeking 2.7 billion US dlrs from European governments in loans and loan guarantees. (AP Photo/Daniel Roland,File)

A recalled accelerator pedal (R) and the new modified part (L) ...

(AFP/Getty Images/File) — Thu, 04 Feb 2010 13:50:40 GMT

(AFP/Getty Images/File) - A recalled accelerator pedal (R) and the new modified part (L) sit on the floor at in the service department at City Toyota February 3 in Daly City, California. The US transportation chief's public rebukes of Toyota's handling of a massive safety recall have raised eyebrows, given the US government's major stake in rivals General Motors and Chrysler.(AFP/Getty Images/File/Justin Sullivan)

Toyota cars are lined up for sale at a Toyota dealership in ...

(AFP/File) — Thu, 04 Feb 2010 13:50:40 GMT

(AFP/File) - Toyota cars are lined up for sale at a Toyota dealership in Santa Monica, California on February 3. The US transportation chief's public rebukes of Toyota's handling of a massive safety recall have raised eyebrows, given the US government's major stake in rivals General Motors and Chrysler.(AFP/File/Mark Ralston)

US Secretary of Transportation Ray LaHood, seen here on February ...

(AFP/Getty Images/File) — Thu, 04 Feb 2010 13:50:40 GMT

(AFP/Getty Images/File) - US Secretary of Transportation Ray LaHood, seen here on February 3, has publically Toyota's handling of a massive safety recall raising eyebrows becasie of the US government's major stake in rivals General Motors and Chrysler.(AFP/Getty Images/File/Alex Wong)

A worker pulls the rope at General Motors Place, a venue for ...

(AP) — Wed, 03 Feb 2010 22:11:24 GMT

(AP) - A worker pulls the rope at General Motors Place, a venue for hockey games, as preparations for the Vancouver 2010 Olympics continue in Vancouver, British Columbia, Wednesday, Feb. 3, 2010. The Vancouver 2010 Olympic Games begin Feb. 12. (AP Photo/Jae C. Hong)

The new Cadillac XTS Platinum Concept car is revealed to the ...

(AFP/Getty Images/File) — Wed, 03 Feb 2010 00:51:41 GMT

(AFP/Getty Images/File) - The new Cadillac XTS Platinum Concept car is revealed to the media at the General Motors exhibit at the North American International Auto Show in January 2010 in Detroit, Michigan. Ford and General Motors posted sharp US sales gains Monday as Toyota's sales stumbled amid a mass safety recall that led the Japanese automaker to suspend the sale of eight of its most popular models last week.(AFP/Getty Images/File/Bill Pugliano)

A Chevrolet bowtie logo is shown on the grill of a Chevrolet ...

(AP) — Tue, 02 Feb 2010 19:16:58 GMT

(AP) - A Chevrolet bowtie logo is shown on the grill of a Chevrolet HHR in Clinton Township, Mich., Monday, Feb. 1, 2010. General Motors Co. says its January sales rose 14 percent due to higher fleet and crossover vehicle sales. (AP Photo/Paul Sancya)

2010 GMC Sierra pickups are shown on a dealership lot in Center ...

(AP) — Tue, 02 Feb 2010 19:16:38 GMT

(AP) - 2010 GMC Sierra pickups are shown on a dealership lot in Center Line, Mich., Monday, Feb. 1, 2010. General Motors said Tuesday, its sales in January rose 14 percent from the same month a year earlier on higher fleet and crossover sales. GM was also helped by a major recall at competitor Toyota.(AP Photo/Paul Sancya)

The grill of a GMC Acadia is shown on a dealership lot in Center ...

(AP) — Tue, 02 Feb 2010 19:15:22 GMT

(AP) - The grill of a GMC Acadia is shown on a dealership lot in Center Line Mich., Monday, Feb. 1, 2010. General Motors said Tuesday, its sales in January rose 14 percent from the same month a year earlier on higher fleet and crossover sales. GM was also helped by a major recall at competitor Toyota.(AP Photo/Paul Sancya)

File photo shows a Hummer at an International Motor Show in ...

(DDP/AFP/File) — Mon, 01 Feb 2010 08:14:33 GMT

(DDP/AFP/File) - File photo shows a Hummer at an International Motor Show in Frankfurt. China's Sichuan Tengzhong Heavy Industrial Machinery said Monday it had agreed with General Motors to extend the deadline for a deal to acquire the US firm's Hummer brand until the end of February.(DDP/AFP/File/Torsten Silz)

A new Toyota Highlander waits to be unloaded from a truck at ...

(AFP/Getty Images) — Sat, 30 Jan 2010 08:24:02 GMT

(AFP/Getty Images) - A new Toyota Highlander waits to be unloaded from a truck at Hanlees Hilltop Toyota, on January 29, in Richmond, California. Toyota, which overtook General Motors in 2008 as the top-selling automaker, has been bedevilled by a series of safety issues that have raised questions about whether it sacrificed its legendary quality to become world number one.(AFP/Getty Images/Justin Sullivan)

Fact file on Toyota's vehicle recall in the US. Toyota raced ...

(AFP/Graphic) — Fri, 29 Jan 2010 07:56:14 GMT

(AFP/Graphic) - Fact file on Toyota's vehicle recall in the US. Toyota raced past US giant General Motors in 2008 to become the world's top-selling automaker, but it has been bedevilled by a series of safety issues that have raised questions about whether it sacrificed quality for quantity.(AFP/Graphic)

United Auto Workers (UAW) activists protest against Toyota outside ...

(Reuters) — Thu, 28 Jan 2010 19:33:40 GMT

(Reuters) - United Auto Workers (UAW) activists protest against Toyota outside the Japanese Embassy in Washington January 28, 2010. Toyota Motor Corp announced last year that it will end production at a California plant it has shared with General Motors for 25 years. The move to cease operations at the plant in Fremont, California, by March 31 puts at risk more than 4,500 jobs and highlights significant overcapacity global carmakers are facing as they try to shake a recession-fueled sales downturn. REUTERS/Yuri Gripas (UNITED STATES - Tags: TRANSPORT CIVIL UNREST BUSINESS IMAGES OF THE DAY)

United Auto Workers (UAW) activists protest against Toyota outside ...

(Reuters) — Thu, 28 Jan 2010 18:20:16 GMT

United Auto Workers (UAW) activists protest against Toyota outside ...

(Reuters) — Thu, 28 Jan 2010 18:20:11 GMT

Teamsters General President James Hoffa (L) takes part in the ...

(Reuters) — Thu, 28 Jan 2010 18:15:47 GMT

(Reuters) - Teamsters General President James Hoffa (L) takes part in the United Auto Workers (UAW) protest against Toyota outside the Japanese Embassy in Washington January 28, 2010. Toyota Motor Corp announced last year that it will end production at a California plant it has shared with General Motors for 25 years. The move to cease operations at the plant in Fremont, California, by March 31 puts at risk more than 4,500 jobs and highlights significant overcapacity global carmakers are facing as they try to shake a recession-fueled sales downturn. REUTERS/Yuri Gripas (UNITED STATES - Tags: TRANSPORT CIVIL UNREST BUSINESS)

United Auto Workers (UAW) activists protest against Toyota outside ...

(Reuters) — Thu, 28 Jan 2010 18:13:40 GMT

United Auto Workers (UAW) activists protest against Toyota outside ...

(Reuters) — Thu, 28 Jan 2010 18:11:22 GMT

Rain falls on a Toyota Highlander at the Tustin Toyota dealership ...

(AFP/Getty Images/File) — Wed, 27 Jan 2010 23:23:34 GMT

(AFP/Getty Images/File) - Rain falls on a Toyota Highlander at the Tustin Toyota dealership on January 26, in Tustin, California. General Motors said Wednesday it would give owners of Toyota cars and trucks 1,000 dollars or free financing if they buy one of the US firm's models.(AFP/Getty Images/File/David Mcnew)

The SAAB 9-3X is displayed during the 79th Geneva Car Show in ...

(AFP/File) — Wed, 27 Jan 2010 08:15:32 GMT

(AFP/File) - The SAAB 9-3X is displayed during the 79th Geneva Car Show in 2009. US automaker General Motors said Tuesday it had agreed to sell its Saab brand to Dutch luxury sports car manufacturer Spyker.(AFP/File/Fabrice Coffrini)

The Spyker Aileron is displayed during the Los Angeles Auto ...

(AFP/File) — Wed, 27 Jan 2010 08:15:32 GMT

(AFP/File) - The Spyker Aileron is displayed during the Los Angeles Auto Show in 2008. US automaker General Motors said Tuesday it had agreed to sell its Saab brand to Dutch luxury sports car manufacturer Spyker.(AFP/File/Gabriel Bouys)

General Motors has announced a "binding agreement" ...

(AFP) — Wed, 27 Jan 2010 08:15:32 GMT

(AFP) - General Motors has announced a "binding agreement" to sell its Saab division to Dutch luxury sports car maker Spyker, giving an 11th-hour reprieve to the storied Swedish brand. Duration: 00:27(AFP)

General Motors Vice Chairman Tom Stephens (L) and U.S. Senator ...

(Reuters) — Tue, 26 Jan 2010 22:15:50 GMT

(Reuters) - General Motors Vice Chairman Tom Stephens (L) and U.S. Senator Barbara Mikulski (D-MD) are pictured with a cut-away version of an electric motor in Baltimore, Maryland, January 26, 2010. The rear-drive electric motors are a core technology for hybrids and electric vehicles. Stephens announced on Tuesday that GM will invest $246 million in electric motors and hybrid components, creating 200 jobs at the Baltimore Transmission plant. REUTERS/Steve Fecht/General Motors/Handout (UNITED STATES - Tags: TRANSPORT BUSINESS POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

Workers at the General Motors Baltimore Transmission plant cheer ...

(Reuters) — Tue, 26 Jan 2010 22:15:47 GMT

(Reuters) - Workers at the General Motors Baltimore Transmission plant cheer as GM Vice Chairman Tom Stephens announces GM will invest $246 million in electric motors and hybrid components, creating 200 new jobs at the Baltimore Transmission plant in Baltimore, Maryland, January 26, 2010. The rear-drive electric motors are a core technology for hybrids and electric vehicles. REUTERS/Steve Fecht/General Motors/Handout (UNITED STATES - Tags: TRANSPORT BUSINESS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

General Motors Vice Chairman Tom Stephens announces that GM ...

(Reuters) — Tue, 26 Jan 2010 22:13:30 GMT

(Reuters) - General Motors Vice Chairman Tom Stephens announces that GM will invest $246 million in electric motors and hybrid components, creating 200 jobs at the Baltimore Transmission plant in Baltimore, Maryland, January 26, 2010. The rear-drive electric motors are a core technology for hybrids and electric vehicles. REUTERS/Steve Fecht/General Motors/Handout (UNITED STATES - Tags: TRANSPORT BUSINESS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

Spyker Chief Executive Victor Muller speaks at a news conference ...

(Reuters) — Tue, 26 Jan 2010 22:04:57 GMT

(Reuters) - Spyker Chief Executive Victor Muller speaks at a news conference as he and Saab CEO Jan-Aake Jonsson (not in picture) announce that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)

Spyker Chief Executive Victor Muller speaks at a news conference ...

(Reuters) — Tue, 26 Jan 2010 22:02:47 GMT

A Saab 9-5 (L) and a Spyker C8 Laviolette stand side by side ...

(Reuters) — Tue, 26 Jan 2010 22:01:43 GMT

(Reuters) - A Saab 9-5 (L) and a Spyker C8 Laviolette stand side by side before a news conference announcing that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)

Spyker Chief Executive Victor Muller smiles at a news conference ...

(Reuters) — Tue, 26 Jan 2010 22:00:36 GMT

(Reuters) - Spyker Chief Executive Victor Muller smiles at a news conference as he and Saab CEO Jan-Aake Jonsson (not in picture) announce that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)

Spyker Chief Executive Victor Muller stands between a Saab 9-5 ...

(Reuters) — Tue, 26 Jan 2010 21:40:50 GMT

(Reuters) - Spyker Chief Executive Victor Muller stands between a Saab 9-5 (L) and a Spyker C8 Laviolette after he and Saab CEO Jan-Aake Jonsson (not in picture) announced that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)

Spyker Chief Executive Victor Muller (L) shakes hands with Saab ...

(Reuters) — Tue, 26 Jan 2010 21:34:21 GMT

(Reuters) - Spyker Chief Executive Victor Muller (L) shakes hands with Saab CEO Jan-Aake Jonsson after they announced that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)

An electric traction motor (R) and stator are pictured at the ...

(Reuters) — Tue, 26 Jan 2010 21:17:04 GMT

(Reuters) - An electric traction motor (R) and stator are pictured at the GM Powertrain Engineering Development Center in Pontiac, Michigan, on January 15, 2010 and released to Reuters on January 26, 2010. Electric motors and stators are used in hybrid and electric vehicles to convert electric energy into mechanical energy, providing power to the wheels. General Motors announced on January 26, 2010 it will be the first major U.S. automaker to design and manufacture electric motors, a key enabler for hybrid and electric vehicles. REUTERS/John F. Martin/General Motors/Handout (UNITED STATES - Tags: TRANSPORT BUSINESS SCI TECH) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

GM Design and Validation Engineer Brandon Given checks the status ...

(Reuters) — Tue, 26 Jan 2010 21:17:00 GMT

(Reuters) - GM Design and Validation Engineer Brandon Given checks the status of electric drive tests at the GM Powertrain Engineering Development Center in Pontiac, Michigan, on January 15, 2010 and in this photograph released to Reuters on January 26, 2010. Electric motors and stators are used in hybrid and electric vehicles to convert electric energy into mechanical energy, providing power to the wheels. General Motors announced on January 26, 2010 it will be the first major U.S. automaker to design and manufacture electric motors, a key enabler for hybrid and electric vehicles. REUTERS/John F. Martin/General Motors/Handout (UNITED STATES - Tags: TRANSPORT BUSINESS SCI TECH) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

Spyker Chief Executive Victor Muller (L) puts his arm around ...

(Reuters) — Tue, 26 Jan 2010 21:14:48 GMT

(Reuters) - Spyker Chief Executive Victor Muller (L) puts his arm around Saab CEO Jan-Aake Jonsson after they announced that Spyker would buy Saab from General Motors in a deal worth $400 million in Stockholm January 26, 2010. REUTERS/Bob Strong (SWEDEN - Tags: TRANSPORT BUSINESS)