
General Motors may consider shipping more South Korean-made cars to Australia, a source told Reuters today, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.

General Motors may consider shipping more South Korean-made cars to Australia, a source told Reuters today, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.

The global boom in SUV sales is driving profits at UK-based supplier GKN Driveline, CEO Andrew Reynolds Smith said.

Toyota kept its lead over General Motors and Volkswagen this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.

Fiat Group, Chrysler Group’s Italian parent company, has acquired the remaining half of VM Motori from General Motors for 34.1 million euros ($47.1 million).

In Wall Street’s retelling of the biblical Book of Samuel, General Motors Co. is Goliath and electric car maker Tesla Motors Inc. is David, the would-be giant slayer.