May
16th
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Talks between General Motors and the UAW have intensified in recent days as they focus on the automaker's plans to cut 21,000 U.S. Full story...
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May
16th
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General Motors faces a government-imposed June 1 deadline to reach sweeping cost-cutting deals with bondholders and its union and has said it is probable it will follow rival Chrysler LLC into bankruptcy. Here are key upcoming dates. Full story...
May
16th
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General Motors has quietly roped off a bit of virtual real estate with a Web address similar to one used by Chrysler that could serve as an information clearinghouse if GM seeks bankruptcy protection. Full story...
May
16th
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General Motors has quietly roped off a bit of virtual real estate with a Web address similar to one used by Chrysler that could serve as an information clearinghouse if GM seeks bankruptcy protection. Full story...
May
15th
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General Motors' plans to end franchise agreements in October 2010 at 1,124 stores are "drastic and far-reaching," the National Automobile Dealers Association said today, while many dealers stayed silent about their plights. Full story...
May
15th
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General Motors' plans to end franchise agreements in October 2010 at 1,124 stores are "drastic and far-reaching," the National Automobile Dealers Association said today, while many dealers stayed silent about their plights. Full story...
May
15th
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready. Full story...
May
15th
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TURIN, Italy, May 15 (Reuters) - Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. Full story...
May
15th
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Fiat will present its plan for the Opel European operations of General Motors on May 20, the deadline set by Germany, the Italian car maker's chief executive officer, Sergio Marchionne, said on Friday. "The plan is ready. Full story...
May
15th
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The president of the Canadian Auto Workers said today the union cannot possibly meet General Motors' expectations for union concessions, but that the two sides would continue bargaining. Full story...
May
15th
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Fiat S.p.A, Magna International and private equity firm RHJ have had access to the books of General Motors German unit Opel, two people familiar with the situation told Reuters on Friday. Full story...
May
15th
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. In letters delivered Friday, GM said dealers can appeal. Full story...
May
15th
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. In letters delivered Friday, GM said dealers can appeal. Full story...
May
15th
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. Full story...
May
15th
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General Motors has told 1,124 dealerships, most of them small and considered to be poor performers, that their GM franchise agreements likely won't be extended past October 2010. Full story...
May
15th
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General Motors on Friday (15 May) confirmed it would reduce its dealer network from 5,969 now to about 3,600 by the end of 2010, as noted in its recent S-4 filing and updated viability plan, but insisted no outlets would be sacked today. Full story...
May
15th
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Now that Chrysler's Chapter 11 restructuring process is well in hand, though hardly without further pain, beady eyes are now sharply focused on General Motors which has roughly two weeks to make a pact with bondholders and the United Auto Workers union or follow its smaller US rival into the hands of bankruptcy court. Full story...
May
15th
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General Motors is expected to announce details of its U.S. dealer consolidation plans today, just over two weeks before the automaker's deadline to complete a sweeping restructuring that may include bankruptcy. Full story...
May
15th
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Canadian industry minister Tony Clement will head for Washington next Tuesday to discuss General Motors' restructuring efforts with the US administration. Full story...
May
15th
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General Motors, following US treasury autos task force directions, is close to a deal with the United Auto Workers that would cut its hourly labor costs by more than US$1bn a year, the Wall Street Journal has said, citing anonymous sources familiar with the matter. Full story...