Isuzu Motors will become the first Japanese company to take a direct hit from General Motors' bankruptcy as the American firm cuts its purchase of diesel engines from the Tokyo-based manufacturer, sources familiar with the matter have said.
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Sichuan Tengzhong Heavy Industrial Machinery, currently in talks to buy Hummer from bankrupt General Motors, may shift some production to China, state media has reported.
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Chinese chemicals maker Lumena Resources said today its chairman may participate in a proposed bid for General Motors' Hummer brand, although the company itself would not be involved.
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Chinese chemicals maker Lumena Resources Corp. said on Wednesday its chairman may participate in a proposed bid for General Motors' Hummer brand, although the company itself would not be involved.
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When General Motors emerges from bankruptcy, the new GM and its surviving dealer network may not be granted licenses to do business in Louisiana, warns Lessie House, executive director of the Louisiana Motor Vehicle Commission.
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As the new chairman of General Motors, Ed Whitacre -- a 67-year-old, straight-talking Texan -- faces the unenviable task of overseeing the rebuilding of the automaker whose U.S.
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After four years of working with multiple potential buyers, General Motors has decided to wind-down its medium-duty truck operations, the automaker said in a statement.
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General Motors has begun mailing early retirement offers to its hourly workforce with the aim of clearing out thousands more employees, a person familiar with the situation told Dow Jones.
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Edward Whitacre Jr., former chairman and CEO of telecommunications giant ATandT Inc., today was selected to become chairman of the new General Motors when the automaker emerges from bankruptcy.
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General Motors will be sending 4,100of its surviving dealers an addendum to the participation agreement it wants them to sign by Friday. Dealers will receive the amended agreement by Federal Express tomorrow.
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General Motors will be sending 4,100 of its surviving dealers an addendum to the participation agreement it wants them to sign by Friday. Dealers will receive the amended agreement by Federal Express Wednesday.
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General Motors will be sending 4,100 of its surviving dealers an addendum to the participation agreement it wants them to sign by Friday. Dealers will receive the amended agreement by Federal Express Wednesday.
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Three groups have entered bids for General Motors' insolvent Saab brand and one will be chosen by the end of this week, the Financial Times reported.
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General Motors' Chevrolet brand and Ford Motor were among the biggest losers as the collapse in car sales in the Russia failed to find a bottom in May. Volume plunged 58 percent last month to 280,900, compared with May 2008.
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Production of the Chevrolet Kodiak and the GMC Topkick medium-duty trucks will cease by July 31, General Motors said Monday.
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AlixPartners L.L.P., the corporate advisory firm guiding General Motors' bankruptcy restructuring, was paid nearly $40 million before the automaker's June 1 Chapter 11 filing and stands to earn more than $13 million as the process continues.
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AlixPartners L.L.P., the corporate advisory firm guiding General Motors' bankruptcy restructuring, was paid nearly $40 million before the automaker's June 1 Chapter 11 filing and stands to earn more than $13 million as the process continues.
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General Motors will shut down its medium-duty truck business by July 31 after a four-year search failed to find a buyer.
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General Motors will shut down its medium-duty truck business by July 31 after a four-year search failed to find a buyer.
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General Motors will end production of its medium-duty truck operations by July 31. GM's medium-duty trucks include the Chevrolet Kodiak and GMC Topkick. GM has been trying to sell the operations for four years and has worked with multiple buyers.
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