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GM’s car finance not as bleak as originally feared

More good news for General Motors this week, as the American powerhouse has announced that its need for financing has been reduced due to sales in Europe being much higher than originally expected.

More good news for General Motors this week, as the American powerhouse has announced that its need for financing has been reduced due to sales in Europe being much higher than originally expected. GM needed $4.4 billion to restructure and stay afloat during the recession, but now it is back on its feet and seems to be fighting fit.

GM Europe Chief Executive, Nick Reilly said: "We're very open (towards forging alliances), we as an organization are probably more open... than we have been in the past". This hint that GM would be willing to co-operate with other manufacturers could lead to hybrid cars that include GM engines or chassis design.
 

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