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General Motors, its river of red ink stemmed by a trip through bankruptcy court, reported a narrower quarterly loss and said it would start repaying billions of dollars in government loans that helped keep it alive.
By TIM HIGGINS Detroit Free Press DETROIT — More than four months on the job as General Motors' chairman, Ed Whitacre has sent several clear signals about who is in charge: Ed Whitacre. The board, under Whitacre's direction,...
DETROIT — As if we needed more proof that America's politics are poisoned beyond belief, now we have Michael Steele, chairman of the Republican National Committee, pouncing gleefully upon news of General Motors Co.'s...
By George Frey, The Associated Press CEO of General Motors Co. Fritz Henderson is seen at the Opel headquarter in Ruesselsheim, central Germany, Nov. 10, 2009. General Motors Co. said it expects to release a full restructuring...
Automotive News [sub] reports that GM will rush out its $4.9b restructuring plan for Opel in December, as it seeks to ease worries on the continent about the fate of the troubled division. “Our plan is very similar to Magna’s....
A regulatory expert says the effort by General Motors to spin its massive third-quarter loss is just like "putting lipstick on an Edsel." General Motors lost nearly $1.15 billion in the third quarter of the year, yet the...
David Shepardson / Detroit News Washington Bureau Washington -- More than four months after the House voted to reverse the closing of more than 2,000 auto dealerships, time is running short to get a deal done this year. On...
WASHINGTON, Nov 18 (Reuters) - The Obama administration wants a fast-track initial public offering of General Motors Co [GM.UL] shares to reduce its majority stake in the automaker, a senior official said.
General Motors Co narrowed the field to replace chief financial officer Ray Young to two executives from outside the auto industry and may make a choice by year's end, two people close to the matter said.
By TIM HIGGINS FREE PRESS BUSINESS WRITER Without state tax credits to keep 2,500 workers at the Detroit Renaissance Center, General Motors has told the state its downtown headquarters is as at risk, according to records at the...
