General Motors CEO Fritz Henderson said today that he is ready to meet the Obama administration's mandate to restructure the company -- even if it means going into bankruptcy.
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The forced removal of General Motors' CEO Rick Wagoner by the Obama administration will have no impact on the company's business in China, GM China has said.
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Just hours after Ford announced a package covering new vehicle payments for up to a year, General Motors unveiled a payment protection plan for the first two years of ownership that will provide up to nine payments for up to US$500 per month, though the offer is only good to the end of April while Ford's is available till June.
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General Motors and Ford Motor Co., battling sharp declines in U.S. sales, today followed Asian rival Hyundai Motor and offered to make car payments for buyers who lose their jobs.
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General Motors and Ford Motor Co., battling sharp declines in U.S. sales, today followed Asian rival Hyundai Motor and offered to make car payments for buyers who lose their jobs.
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General Motors and Ford Motor Co., battling sharp declines in U.S. sales, followed Asian rival Hyundai Motor and offered to make car payments for buyers who lose their jobs.
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General Motors is following Hyundai and Ford in offering protection for car buyers who lose their jobs.
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General Motors' European business has laid the foundation for overcoming the German federal government's opposition to state aid for Opel, GM Europe's head Carl-Peter Forster said on Tuesday.
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Germany's Chancellor Angela Merkel today pledged to find a solution for General Motors's financially troubled Opel unit.
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America's biggest automaker described last night's auto industry announcement by president Obama as beginning "a new era for the US auto industry" [which] also marks a defining moment in the history of General Motors" and acknowledged its final restructuring could include a "court-supervised process".
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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said.
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Germany's Deputy Chancellor Frank-Walter Steinmeier wants European governments to bail out General Motors' Opel brand by taking a stake of up to 29 percent in the struggling carmaker.
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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel.
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The committee representing General Motors bondholders and its advisers convened a conference call on Monday to discuss the next steps for the automaker's debt restructuring, a person familiar with the matter said.
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Rick Wagoner, late of General Motors, never saw the ax coming. When he arrived at the U.S.
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale.
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Senior White House officials on Monday said the federal government could help General Motors and Chrysler LLC through quick bankruptcies if the automakers are unable to restructure successfully outside of court.
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale.
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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale.
Full story...
Senior White House officials today said the federal government could help General Motors and Chrysler LLC through quick bankruptcies if the automakers are unable to restructure successfully outside of court.
Full story...
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