general motors

GM board meets to review bailout request

MSNBC.com: Business  Sun, 11/30/2008 - 18:38

Analysts see a chance for GM to stop burning cash if the industry recovers back above a sales rate of about 13 million vehicles and it succeeds with a stepped-up restructuring backed by federal funding in a deal that would involve steep concessions from creditors, executives and the UAW.The board of General Motors Corp met on Sunday to review a restructu


 

GM looks to sell real estate in England

Newsvine - business  Fri, 11/28/2008 - 14:38

General Motors Corp. said Friday it would sell and lease back some of its non-manufacturing operations in Europe as part of its efforts to raise cash quickly.


 

Consumers cautious about effect of auto bankruptcy

Newsvine - business  Sun, 11/23/2008 - 14:13

Cash-strapped General Motors insists declaring bankruptcy would be disastrous because it would scare away customers.

It's unlikely Chevrolet and Cadillac owners would be left with worthless warranties and no replacement parts, but the headlines about the Detroit Three's dire situation may already be keeping buyers away.


 

'Card check' best hope for auto workers union?

Newsvine - business  Fri, 11/21/2008 - 11:38

- Congress returns after Thanksgiving to decide whether to approve a $25 billion loan to General Motors, Chrysler, and Ford.

The future of United Auto Workers members in Michigan and other states is at stake.


 

GM to announce more production cuts

MSNBC.com: Business  Fri, 11/21/2008 - 08:46

General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.


 

GM to temporarily stop production at Thai plant

Newsvine - business  Thu, 11/20/2008 - 04:21

Ailing U.S. automaker General Motors Corp. said Thursday it will stop production at its Thai plant for up to two months, joining other global vehicle manufacturers in cutting production as the global downturn hits sales.


 

GM shows 3 new models for China

Newsvine - business  Tue, 11/18/2008 - 01:55

General Motors Corp. put three new models for China on show Tuesday, maneuvering to keep its edge in a market vital to its future as it struggles for survival back home.


 

Samuelson: Christmas in Detroit - How to Bail Out GM

Digg - Business & Finance  Mon, 11/17/2008 - 16:10

General Motors, once the world's mightiest industrial enterprise, is now flirting with bankruptcy. Ford and Chrysler may not be far behind.

"GM and other U.S. automakers ought to be rescued to minimize damage to the economy," writes Samuelson, "but the rescue should require tough conditions."


 

GM to sell stake in Suzuki to raise cash

Newsvine - business  Mon, 11/17/2008 - 02:37

Suzuki Motor Corp. says General Motors Corp. will sell its stake in the Japanese automaker for 22.37 billion yen, or $230 million, to raise cash.