General Motors' bid to reduce debt with a bond-exchange offer is destined to fail, an analyst at credit research firm KDP Investment Advisors Inc. said.
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Chinese automaker Geely has visited Saab Automobile which General Motors is selling, a Swedish media report said on Monday.
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In a revised viability plan filed with the government today, General Motors said it will market its four core brands through three channels. GM also has mapped out which dealers are likely to be eliminated in its 163 major U.S.
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In a revised viability plan filed with the government today, General Motors said it will market its four core brands through three channels.
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This morning, General Motors announced that it has killed its Pontiac line. Reactions in the office range from Good riddance to Bummer, Pontiac had some good stuff.
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General Motors is expecting that talks with potential investors in its European Opel/Vauxhall unit will continue into May.
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As General Motors ends production of Pontiac, Saturn, Saab and Hummer vehicles, the number of nameplates will shrink to 34 from 47, GM CEO Fritz Henderson said today.
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General Motors Canada on Monday said its restructuring plan would move "faster and deeper" along similar lines to that outlined for the US today.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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General Motors expects to continue talks with potential investors for its Opel/Vauxhall unit through early May, CEO Fritz Henderson said today. Henderson said GM is still talking with several potential investors in the brands.
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General Motors plans to build the last Saturn vehicles this year, two years earlier than first envisioned, as it speeds up efforts to shed dealerships and divisions, CEO Fritz Henderson said today.
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President Barack Obama's automakers task force today welcomed plans by General Motors for a bond exchange aimed at reducing the company's debt.
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General Motors launched a last ditch effort to reduce its debt, offering to exchange about $27 billion of its notes for common stock to cut costs.
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General Motors on Monday confirmed it would axe Pontiac and focus on just four core brands in the US - Chevrolet, Cadillac, Buick and GMC - with fewer models and "a more competitive level of marketing support per brand".
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General Motors, speeding up its overhaul in a bid to survive, plans to shed half of its 6,200 U.S. dealerships by 2014 and phase out its Pontiac brand by next year.
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General Motors is expected to announce the death of Pontiac later today. The closure of the brand once renowned for sports cars follows the axing of Oldsmobile in 2004, which reportedly cost GM US$1bn in costs, including compensation for early termination of dealer contracts.
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General Motors is expected to announce the death of Pontiac later today. The closure of the brand once renowned for sports cars follows the axing of Oldsmobile in 2004, which reportedly cost GM US$1bn in costs, including compensation for early termination of dealer contracts.
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General Motors is set to announce on Monday an accelerated restructuring that would close additional plants and pave the way for a debt exchange by the struggling automaker, sources briefed on the plan said Sunday.
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Chinese auto group Geely has visited Saab, the Swedish carmaker put up for sale by General Motors, a Swedish business newspaper said on Monday.
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