General Motors Corporation announced today that, in order to Align Output with Market Demand, it is scheduling multiple down weeks at 13 assembly operations in the United States and Mexico. Under this plan, approximately 190,000 vehicles will be removed from GM's North American production schedule in the second and early third quarter of this year.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans to shutter most U.S. factories for as long as nine weeks this summer, the Associated Press reported, citing two people familiar with the plan.
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General Motors, battling a 49 percent decline in U.S. sales through March, plans extended shutdowns at most of its U.S. plants this summer, news reports said.
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General Motors may extend its monthlong Total Confidence program for car shoppers beyond its expiration at the end of April. GM credits Total Confidence for a boost in April retail sales compared with the same period in March.
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Michigan's attorney general today urged General Motors and Chrysler to file bankruptcy -- if, eventually, they must -- in their home state rather than in Delaware or New York.
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Detroit lawyers probably will see a lot of work but few of the leadership roles if the federal government calls for a bankruptcy reorganization of General Motors or Chrysler LLC.
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An automobile dealers group plans to urge the Obama administration on Thursday not to eliminate any dealers or force General Motors and Chrysler into bankruptcy.
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General Motors said today it probably won't make a $1 billion debt payment due June 1. Instead of making the payment, the automaker is hoping for a successful debt-for-equity exchange with its bondholders.
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General Motors doesn't expect to make a $1 billion debt payment due June 1, CFO Ray Young told The Wall Street Journal today.
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General Motors' bondholders are likely to reject an offer to exchange debt for equity, research firm KDP Investment Advisors has said.
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Near closing-down is apparently not enough to restrain General Motors for participating to Sports Car Championships.
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General Motors has shut a pick-up and sport utility vehicle plant in central Mexico due to weak demand from the United States.
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Another 1,600 salaried workers will leave General Motors in the US by 1 May.
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an...
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General Motor's Mexico unit said on Monday it shut operations for a week at its pick-up and sport utility vehicle plant in central Mexico due to weak demand in the United States.
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General Motor's Mexico unit said on Monday it shut operations for a week at its pick-up and sport utility vehicle plant in central Mexico due to weak demand in the United States.
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General Motors is prepared to hand over part of Opel without setting a price for the German unit, company sources told a newspaper.
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SAIC Motor, which operates joint ventures with General Motors and Volkswagen posted a 400% rise to 18,000 sales of its own-brand passenger cars in the first quarter of this year. SAIC also makes MG and Roewe cars after acquiring brands and technology from the defunct British MG Rover group four years ago. It launched two new models in Shaghai today.
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