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May
9th

U.S. would ease GM bankruptcy if restructuring falls short

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The U.S. government would facilitate a bankruptcy at General Motors, as it did with Chrysler LLC, if GM's restructuring effort falls short this month, U.S. Treasury Secretary Timothy Geithner said."There is a range of ways to achieve this. Full story...
May
8th

GM will kill some Chevy, Pontiac, and Cadillac cars

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General Motors said Friday it will stop building the Pontiac G6 GXP sedan and coupe at the end of this model year, as well as the Chevrolet Impala SS and Cobalt SS sedan. Full story...
May
8th

GM will kill some Chevy, Pontiac cars

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General Motors said today it will stop building the Pontiac G6 GXP sedan and coupe at the end of this model year, as well as the Chevrolet Impala SS and Cobalt SS sedan. Full story...
May
8th

GM will pay suppliers early

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General Motors told suppliers today that it will move up its next monthly supplier payment from June 2 to May 28. Full story...
May
8th

GM’s Henderson: Look out for Chevy :

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New entries will fortify Chevrolet as a competitive, top-quality brand in the next two years, General Motors chief executive Fritz Henderson says. Full story...
May
8th

NEWS BRAKE: Friday, May 8, 2009:

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In today's News Brake: General Motors will be putting fewer performance cars on the street; Toyota sees red in its earnings report, too; and Sergio Marchionne tells the German government that he is its best option for Opel ... But Wait, There's More! Full story...
May
8th

US: Delphi wins court stay

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Bankrupt Delphi has won interim court approval of a two-week extension of the deadline for it to reach a funding agreement with General Motors, Reuters reported, citing court documents. Full story...
May
8th

Court extends Delphi deadline to reach GM deal

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Delphi Corp. won interim court approval of a two-week extension of the deadline for it to reach a funding agreement with General Motors, according to court documents. Full story...
May
8th

German states criticize Fiat’s Opel plans

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German regional governments said on Friday that Fiat still had not presented a convincing strategy to merge General Motors' Opel unit with Fiat's car business. Full story...
May
8th

German states criticize Marchionne’s plan to merge Fiat and Opel

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German regional governments said on Friday that Fiat still had not presented a convincing strategy to merge General Motors' Opel unit with Fiat's car business. Full story...
May
8th

GM throttles back on performance cars for 2010:

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It should not be a surprise, as General Motors scrambles to cut costs and cars sit unsold on dealers' lots, that the automaker is cutting high-performance versions of several vehicles for the 2010 model year. Full story...
May
8th

If you have a better offer for Opel, take it, Marchionne tells Germany

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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future. Full story...
May
8th

If you have a better offer for Opel, take it, Marchionne tells Germany

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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future. Full story...
May
8th

Marchionne tells Germany: ‘If you have a better offer for Opel, take it’

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Fiat CEO Sergio Marchionne is convinced that a merger of Fiat Group's car business with General Motors' Opel brand is the best way to give Opel a future. Full story...
May
8th

GM to narrow bidders for Saab

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General Motors will choose two to three preferred bidders for its Saab brand this week, industry sources tell Automotive News Europe. The sources would not say which bidders have the best chance to make it to the next round of talks. Full story...
May
8th

GM Europe reports $2B loss in Q1

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General Motors Europe lost $2 billion (1.5 billion euros) in its first three months of 2009 after its revenues almost halved, the company said today. GM Europe's revenues fell to $5.3 billion from $9. Full story...
May
7th

Chevy Volt, other key GM vehicles remain on track, new product boss says:

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The Chevrolet Volt remains on track to hit the market in late 2010--and General Motors is still going to invest in developing key products--despite its financial troubles, a top executive said Thursday. Full story...
May
7th

GM says Volt work continues despite financial woes

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General Motors is working without interruption on the Chevrolet Volt plug-in hybrid despite mounting financial woes and the threat of bankruptcy, said Tom Stephens, the automaker's product development chief. Full story...
May
7th

GM says Volt work continues despite financial woes

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General Motors is working without interruption on the Chevrolet Volt plug-in hybrid despite mounting financial woes and the threat of bankruptcy, said Tom Stephens, the automaker's product development chief. Full story...
May
7th

NADA launches campaign against dealership consolidations

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The National Automobile Dealers Association is planning to run full-page ads in the Washington Post, Politico and Automotive News to protest the presidential auto task force's push for General Motors and Chrysler to make drastic... Full story...
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