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GM shifts gears, will keep Opel
Tue, 03 Nov 2009General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.
GM China opens Advanced Design Center in Shanghai
Wed, 19 Dec 2012General Motors China has opened a new advanced design studio as part of the establishment of its Advanced Technical Center in Shanghai. The Advanced Design Center will provide GM China's designers the tools to explore future mobility solutions and technology integration on a local and global scale. "Our new Advanced Design Center in Shanghai is part of the GM Global Design Center network, which webs from California to Germany to India and Korea and points beyond," said Wulin Gaowa, design director of the GM China Advanced Design Center.
Richard Petty Experience branches out, adds exotic-car driving programs
Tue, 08 Nov 2011Stock-car legend Richard Petty is in the market for a few new cars: a couple of Ferraris, a pair of Lamborghinis, an Audi R8 and a Porsche 911 GT3 RS. That's because the Richard Petty Driving Experience is branching out from offering rides and drives in NASCAR-style stock cars. Beginning in January, at least one of the Petty facilities will offer rides and drives in exotic cars.