General Motors announced Thursday that its auto sales in China are up 8% so far this year compared with the same period last year. GM sold one million cars in China in 2007, and has already past that mark this year. The news comes as the carmaker engages in talks with the US government to [...]
General Motors unveiled three new models made for the China auto market Tuesday, bringing its total number of GM models in China to 24. The company displayed its new Buick Enclave SUV, Chevrolet Cruze sedan and Cadillac CTS-V in Guangzhou. GM, which is in danger of going bankrupt, is looking to China and other emerging [...]
A group of foreign creditors of the mainland steel firm FerroChina including Citigroup and Citadel Investment Group are planning to size and sell the company’s assets to recoup some of the US$1 billion it owes them. The creditors, who also include CLSA Capital Partners and Credit Suisse Group, hired UK law firm Clifford Chance to [...]
