Lawmakers have started lobbying General Motors to locate its new small-car plant in their districts. The company said last week it will retool an idled UAW-GM facility to make as many as 160,000 small and compact vehicles a year.
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President Barack Obama said the U.S. government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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President Barack Obama said the U.S. Government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy.
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Delphi Corp. said today that it will receive $250 million from General Motors as part of Delphi's new agreement to emerge from Chapter 11 bankruptcy protection. Delphi also said it agreed to sell to GM its global steering operations and four U.S.
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Despite the gut-wrenching restructuring in bankruptcy that lies ahead for General Motors, key upcoming products remain on track and GMs future showroom will be a source of strength, the company said Monday.
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Reaction to General Motors' Monday Chapter 11 filing came from all quarters -- politicians, media pundits, industry executives, labor leaders and others. Here's a sampling.
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General Motors will transfer production of its Chevrolet Traverse crossover from Spring Hill, Tenn., to its Lansing-Delta plant, in Delta Township, Mich., a GM spokesman confirmed today.
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General Motors' bankruptcy will forever be tied to one dealership in an often-ignored neighborhood due to the quirks of U.S. bankruptcy law. Before GM filed its historic bankruptcy today, Chevrolet-Saturn of Harlem made its own Chapter 11 filing.
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Toyota Motor Corp. wants to maintain its 25-year partnership with General Motors at the California plant that builds the Pontiac Vibe, Toyota Tacoma pickup and Toyota Corolla compact sedan.
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With supplies of its U.S. vehicles falling, Ford Motor Co. is boosting production in June and for the third quarter. The production increase is not a reaction to General Motors' bankruptcy filing, Ford sales analyst George Pipas said today.
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General Motors' 1,124 rejected dealers can rest somewhat easier after the company's bankruptcy filing today. GM says it is sticking with the plan to keep the dealers through Oct. 31, 2010, when GM's franchise agreement expires.
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General Motors' bankruptcy filing lists two agency holding companies and two of the agencies they own as owed $166.5 million collectively, ranking them among the automaker's 50 largest unsecured creditors.
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Buyers not spooked by the specter of the General Motors bankruptcy can snare some decent deals.
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GMAC Financial Services has asked the U.S. Bankruptcy Court to allow it to continue to do normal business with General Motors as the automaker goes through restructuring.
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General Motors' U.S. bankruptcy filing will not obstruct plans to sell the company's subsidiaries in Europe -- a process that is advancing while plenty of issues remain unresolved.
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And so it begins: The General Motors Corp. bankruptcy came today, something the federal government is calling a strategic, surgical bankruptcy.
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Here is a list of General Motors' 25 largest creditors, excluding unions and bond holders, according to court documents filed this morning in New York Bankruptcy Court.
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As part of its restructuring under U.S. bankruptcy protection, General Motors today unveiled the 14 production facilities slated to idle or close by year-end 2010. Four assembly plants will close or idle: Wilmington, Del.; Pontiac, Mich.
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General Motors today released its latest list of impending plant closings as it looks to restructure in bankruptcy. GM did not disclose where it would build the small car it plans to produce in the United States.
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General Motors, the largest U.S. automaker and one of the industrial icons that helped define the nations economic growth and prosperity for most of the 20th century, filed for bankruptcy Monday morning in New York.
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