General Motors' request for $10.3 billion in loans under a U.S. Department of Energy program is now contingent on the automaker's 60-day restructuring review, a top GM executive said.
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General Motors' request for $10.3 billion in loans under a U.S. Department of Energy program is now contingent on the automaker's 60-day restructuring review, a top GM executive said.
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General Motors' request for $10.3 billion in loans under a U.S. Department of Energy program is being considered in tandem with the automaker's 60-day restructuring review, a top GM executive said today.
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Volkswagen AG will overtake U.S. rival General Motors this year to become the world's second-largest automaker by volume, market research company R.L. Polk Germany said on Monday.
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Now that the Obama administration has taken the wheel at General Motors and Chrysler LLC, the advertising world is watching the two marketers, which poured a combined $3 billion into U.S. advertising last year, careen toward bankruptcy.
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Opel denied on Monday that four German manufacturing sites were used as collateral for a U.S. government loan to parent General Motors. "The real estate of the German Opel plants belongs to Adam Opel GmbH.
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A General Motors bankruptcy could become a nightmare for the federal government's Pension Benefit Guaranty Corp. That's because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.
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A General Motors bankruptcy could become a nightmare for the federal government's Pension Benefit Guaranty Corp. That's because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.
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General Motors is prepared for bankruptcy if necessary but will still emerge "reinvented" from its current crisis, new chief Fritz Henderson said at the weekend.
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A labor leader at General Motors' Opel subsidiary on Monday confirmed reports that the German state of North Rhine-Westfalia has held talks with Abu Dhabi on possibly investing in the unit.
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A Swedish court on Monday granted General Motors' money-losing Saab unit an extension of the period it is protected from creditors, giving the carmaker further time to restructure.
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Germany's Economy Minister Karl-Theodor zu Guttenberg plans to visit Abu Dhabi to explore the possibility of the Gulf emirate taking a stake in General Motors' German unit Opel, a newspaper said.
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A Swedish court has extended the period General Motors unit Saab is protected from creditors, giving it further time to restructure.
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Its based on the same driving principles as a skateboard. It looks like a phone booth, or perhaps a baby stroller.
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General Motors will lean much harder on its strongest brands and#x2014; Cadillac and Chevrolet and#x2014; as it accelerates the reduction of dealerships.
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General Motors is in turmoil, but at least one of its global units is on solid footing and preparing to play an expanded role. GM Daewoo Auto and#38; Technology Co.
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The Obama administration has demanded that General Motors get financially healthy in 60 days and#x2014; or else. That demand is likely to force the UAW and the company's unsecured bondholders to take much bigger hits than they were discussing in March.
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A Swedish court on Monday granted General Motors' loss-making unit Saab an extension of the period it is protected from creditors, giving the carmaker further time to restructure.
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General Motors will lean much harder on its strongest brands and#x2014; Cadillac and Chevrolet and#x2014; as it accelerates the reduction of dealerships.
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Although General Motors CEO Fritz Henderson has said that every GM model must "pay the rent," there will be at least one prominent exception: the Chevrolet Volt. Last week GM disclosed that it had requested $2.
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