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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]
28 May 2009, 2:42 pm
The United Automobile Workers union, which stands to receive up to 20 percent of the new version of General Motors once it restructures, is battling back against critics who say it has received a sweetheart deal from the government. [read post]
23 Jun 2009, 10:44 am
The United States Trustee seems to think that General Motors is paying two of its consultants, the investment bank Evercore Partners and the turnaround firm AlixPartners, too much for the services they've rendered. [read post]
16 Nov 2009, 4:45 am
General Motors said on Monday that it lost nearly $1.2 billion in the third quarter after emerging from bankruptcy in July 10, but it increased its cash reserves by $3.3 billion. [read post]
5 May 2009, 4:45 pm
With less than a month before a deadline for its restructuring, General Motors disclosed Tuesday that it was considering a reverse stock swap as part of the steps it might to settle its debt with the Treasury Department. [read post]
27 May 2009, 1:48 pm
After eight decades as one of the Continent's biggest automakers, a hobbled General Motors prepared Wednesday to bid farewell to Opel and the rest of its operations in Europe. [read post]
23 Oct 2009, 2:09 am
General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg News said, citing a person familiar with the matter. [read post]
11 May 2009, 1:24 pm
General Motors bondholders argued after the company's conference call on Monday that they shouldn't be blamed if the carmaker files for bankruptcy, since they have professed to making efforts to compromise. [read post]
8 Dec 2009, 1:17 pm
The new president of North American operations at General Motors said Tuesday that the automaker hoped to repay its federal loans and become a public company again by the end of next year. [read post]
1 Jul 2009, 8:18 am
DealBook's Michael J. de la Merced reports live from day two of the General Motors hearing to win approval of its asset sale to a new government-backed company. [read post]
26 May 2009, 11:08 am
The government will hold a vast share of a restructured General Motors after it emerges from bankruptcy protection and provide G.M. with about $50 billion in financing so that it can reorganize, people with direct knowledge of the situation said Tuesday. [read post]
12 May 2009, 8:48 am
General Motors' stock plunged more than 22 percent to a 76-year low on Tuesday, a day after a group of G.M. executives disclosed they had sold shares in the struggling automaker. [read post]
28 Jun 2009, 12:17 pm
General Motors and the Obama administration have reached a deal for the carmaker to assume responsibility for product liability claims filed after it emerges from bankruptcy as a new company, even those claims involving vehicles made by the old company. [read post]
24 Sep 2014, 5:05 am by Jon Gelman
Today's post was shared by Take Justice Back and comes from www.nytimes.com WASHINGTON — General Motors is recalling more than 221,000 vehicles because of a parking-brake defect that can cause brake pads to stay partly engaged, which can lead to “excessive brake heat that may result in a fire,” according to documents posted Saturday on the National Highway Traffic Safety Administration’s website.The recall covers 205,309 vehicles in the United States… [read post]
24 Jun 2014, 3:17 am by Ron Burdge
General Motors announced another 3 million plus vehicles recalled June 16, 2014. [read post]
19 Jun 2009, 10:52 am
Those out there who drive Chrysler and General Motor cars have a real fight on their hands. [read post]
1 Sep 2013, 8:00 pm by Northern Exposure
General Motors of Canada Facts: In a response to the 2007-2008 economic crisis, GM Canada sought to reduce the benefits of already-retired salaried employees and retired executives. [read post]
11 Oct 2008, 2:28 am
General Motors is in preliminary talks about a possible merger with Chrysler, a deal that could drastically remake the landscape of the auto industry by reducing the Big Three of Detroit automakers to the Big Two, The New York Times’s Bill Vlasic and Andrew Ross Sorkin reported late Friday. [read post]
11 Feb 2011, 4:39 am by Larry
The Sixth Circuit Federal Court of Appeals sitting in Cincinnati, yesterday upheld the conviction of two UAW union representatives accused of extortion in an extended strike at the General Motors assembly plant in Pontiac, Michigan. [read post]
3 Apr 2012, 11:00 am
What's more, General Motors confirmed that it is researching warranty claims involving fires for at least 19 Cruzes. [read post]