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3 Nov 2009, 2:15 am
The federal government has granted General Motors permission to use $2.8 billion in borrowed money to help its former parts division, the Delphi Corporation. [read post]
8 Jan 2010, 8:09 am
General Motors took another step toward winding down its Saab brand by hiring the consulting firm AlixPartners to supervise the process, even as bidders are emerging for the Swedish marque. [read post]
25 Jun 2009, 9:24 am
General Motors won swift final approval of its $33 billion in bankruptcy financing, in yet another sign of how quickly the carmaker's trip through Chapter 11 is moving. [read post]
17 May 2010, 6:28 am
General Motors on Monday said it earned $865 million in the first quarter, its first profit since 2007, as its revenue increased 40 percent, The New York Times reported. [read post]
18 Jun 2009, 2:35 pm
General Motors has shed one of the items that piqued the ire of Congress last fall: its fleet of leased corporate jets. [read post]
10 Sep 2009, 6:56 am
General Motors told the German government Thursday that it had chosen to sell its European operations to Magna International, the Canadian-Austrian auto parts and engineering company, but with conditions, a person close to the decision told The New York Times. [read post]
29 Nov 2010, 3:43 pm
The sale of Nexteer Automotive to Pacific Century Motors represents China's biggest single investment in the global auto parts-making industry. [read post]
23 Sep 2010, 6:34 am
General Motors plans to make most of the shares in its initial public offering available to investors in the United States, and a stock split should make shares accessible to individual investors, Reuters reported. [read post]
22 May 2009, 5:03 am
The long weekend will be anything but a holiday for General Motors, the giant automaker racing to stay out of bankruptcy protection. [read post]
20 May 2009, 3:50 pm
Three top executives of General Motors have sold more than 200,000 shares of the automaker just days ahead of a government-imposed restructuring deadline. [read post]
8 Sep 2009, 2:39 am
The German government seemed to soften its stance on the possibility of General Motors scrapping plans to sell Opel and keeping its European unit, Reuters reported. [read post]
28 May 2010, 1:57 am
After the Mahindra announcement, General Motors said Thursday that it was ending its partnership with Reva to develop electric cars in India. [read post]
24 Feb 2010, 12:57 pm
Hummer, the brand of big sport-utility vehicles that became synonymous with the term "gas guzzler," is being shut down after a deal to sell it to a Chinese manufacturer fell apart, General Motors said Wednesday. [read post]
29 May 2009, 11:01 am
The United Automobile Workers union said Friday afternoon that hourly employees at General Motors had overwhelmingly ratified a cost-cutting deal that would help smooth the automaker's path through bankruptcy. [read post]
2 Jul 2010, 2:03 pm
General Motors is aiming for mid-August to file for an initial public offering and is seeking a $5 billion credit line financed by several banks, people briefed on the matter told DealBook. [read post]
16 Feb 2009, 1:34 pm
As General Motors and Chrysler race to pull together their restructuring plans ahead of a government-mandated deadline on Tuesday, one of the top academic experts on distressed debt is calling for the Obama administration to dispense with niceties and push the carmakers into bankruptcy. [read post]
3 Nov 2010, 12:50 pm
General Motors confirmed details about its forthcoming initial public offering, including a potential valuation of the stock sale at more than $10 billion. [read post]
27 Jul 2011, 1:02 pm
General Motors is not interested in selling its European unit, Adam Opel A.G., the automaker's chief executive said Wednesday, countering widespread speculation. [read post]
10 Sep 2009, 5:30 am
General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it planned to sell the European carmaker to one of two rival bidders -- or not sell it at all. [read post]
18 Nov 2010, 4:37 am
The company, its underwriters and the government are aiming for a 10 percent to 20 percent bounce. [read post]
