FRANKFURT/DETROIT, Oct 5 (Reuters) – General Motors Co
said on Friday its European brand Opel was “vital” for
GM’s future in Europe, dismissing once again speculation it
might sell the company should an alliance with French carmaker
PSA Peugeot Citroen collapse.
GM has thrown its weight behind a restructuring of its
loss-making German business, rather than opt for a sale or
closure urged by some U.S. investors.
DETROIT (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
Tesla, whose shares were off 2 percent Thursday afternoon, last week cut its full-year revenue forecast due to a slower-than-expected rollout of the Model S and said it was raising another $150 million through a share offering.
(Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) on Friday dismissed claims made in a $3 billion lawsuit filed by Saab’s parent that the U.S. automaker deliberately bankrupted the Swedish company by blocking a deal with a Chinese investor.
GM, in a response filed in the U.S. District Court for the Eastern District of Michigan, said the automaker had the legal right to approve Saab’s transaction with China’s Zhejiang Youngman Lotus Automobile Co.