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Apr
6th

Amid gloom, new products bloom

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Their futures are shaky, but General Motors and Chrysler LLC are pushing ahead with important debuts at the New York auto show. About a dozen world debuts are planned. Full story...
Apr
6th

GMAC boosts loans, cuts dealer fees

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GMAC will pour $5 billion into consumer auto loans over the next 60 days and tiptoe back into the subprime market and#x2014; part of its campaign to reclaim its role as the prime lender for General Motors dealerships. Full story...
Apr
6th

Henderson’s GM speeds up dealer cuts

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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. Full story...
Apr
6th

Korean unit set to spark GM’s products

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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. Full story...
Apr
6th

As bankruptcy looms, UAW and creditors face bigger hits

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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. Full story...
Apr
6th

NASCAR: An April fool’s joke gone sour

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NASCAR chairman and CEO Brian France was not at all pleased with an April Fool's prank that appeared on the website associated with Car and Driver magazine that President Barack Obama had ordered carmakers General Motors and Dodge to withdraw their support from NASCAR racing. Full story...
Apr
5th

GM CEO Henderson: Bankruptcy not inevitable

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Bankruptcy is not inevitable for General Motors, said the automaker's new CEO, who is under White House orders to win more concessions from bondholders and unionized workers. Full story...
Apr
5th

Obama, GM investors play high-stakes game of chicken

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Is U.S. President Barack Obama bluffing? Some General Motors bondholders and the largest U.S. auto union are betting the new president, an avid poker player, may now be using bankruptcy as a stick to get all parties to reach a deal. Full story...
Apr
5th

GMC juggled twin mandates of ‘rugged’ and ‘fuel-saving’ in creating the 2010 Terrain — video

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General Motors product planners were given twin mandates in developing the first compact crossover vehicle for GMC, the Terrain. They had to retain the brand's "rugged" styling signature while creating a vehicle that travels 30 mpg on the highway. Full story...
Apr
4th

New York auto show: 2010 GMC Terrain revealed:

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General Motors expanded its line of small crossovers with the premiere of the 2010 GMC Terrain at the New York auto show. Full story...
Apr
3rd

General Motors’ assets: The good, bad and ugly

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General Motors could move in and out of U.S. Bankruptcy Court in a month or two if it were to divide itself into good and bad assets, some bankruptcy lawyers say. Full story...
Apr
3rd

GM’s assets: The good, bad and ugly

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General Motors could move in and out of U.S. Bankruptcy Court in a month or two if it were to divide itself into good and bad assets, some bankruptcy lawyers say. Full story...
Apr
3rd

GM says 600 UAW workers have changed their minds on buyout

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General Motors said today about 600 hourly workers who tentatively accepted a special attrition retirement or buy-out package last month have changed their minds. About 7,600 workers initially accepted the offers, said Tom Wilkinson, GM spokesman. Full story...
Apr
3rd

White House says GM’s new CEO has embraced change

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The new CEO of General Motors has embraced a change of direction for the automaker and is working on a plan to make the firm viable, White House economic adviser Austan Goolsbee said today. Full story...
Apr
3rd

White House says GM’s new CEO Henderson has embraced change

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The new CEO of General Motors has embraced a change of direction for the automaker and is working on a plan to make the firm viable, White House economic adviser Austan Goolsbee said today. Full story...
Apr
3rd

GM unit Saab prepares for creditor hearing

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General Motors' struggling Swedish unit Saab has its first court hearing with creditors on Monday. The court will decide if Saab can pursue efforts to find new owners or investors after parent GM said it will cut loose the loss-making brand by 2010. Full story...
Apr
3rd

THE WEEK THAT WAS: Open season on auto CEOs

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This week started with an unprecedented open season on auto industry CEOs as we learned that General Motors' Rick Wagoner had fallen on his sword at the request of Barack Obama's autos task force and that PSA's had bid au revoir to Christian Streiff. Full story...
Apr
3rd

GM Europe aims to pick investors soon

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General Motors Europe is speaking to industrial groups, sovereign wealth funds and banks which are interested in buying a stake in Opel/Vauxhall, company sources said Friday. Full story...
Apr
3rd

US: GM Europe might need “more drastic” government intervention

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General Motors may need "more drastic" government intervention to save its European operations should efforts to secure help from a third-party investor fail, a person familiar with the situation has said. Full story...
Apr
3rd

Chevrolet Volt remains on track, but electric grid still a challenge

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Despite General Motors' looming troubles, development of the Chevrolet Volt rolls on, and 80 new prototypes will be built and tested starting this summer. Full story...
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