europe

In an effort to slow losses in South Korea, GM has decided to close one of its four manufacturing plants in the country. The move follows reports that GM might shutter its South Korean operations altogether if a clear path to profitability doesn't present itself. The closure will cost GM $850...

What's the selling price for a huge automaker's entire European operations? $2 billion, apparently - one billion in cash and another billion in gained liabilities. That's the valuation that General Motors and PSA Group are discussing as the American automaker attempts to unload its Opel and...