Feb
22nd
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General Motors would be doomed if it were unable to get the federal aid it needs to avoid bankruptcy, said one U.S. Full story...
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Feb
22nd
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General Motors would be doomed if it were unable to get the federal aid it needs to avoid bankruptcy, U.S. Senator Carl Levin said. Full story...
Feb
21st
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The Canadian units of General Motors and Chrysler LLC are seeking as much as C$10 billion ($8 billion) in aid from the Canadian and Ontario governments as they fight to survive an industrywide crisis, officials said on Friday. Full story...
Feb
20th
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The Canadian unit of General Motors would not have to close any more plants at this time under a restructuring plan delivered today to the Canadian and Ontario governments as it seeks billions of dollars in additional assistance to survive. Full story...
Feb
20th
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With the survival of at General Motors and Chrysler LLC at stake, a presidential task force on industry restructuring held its first meeting today behind closed doors at the Treasury Department. Full story...
Feb
20th
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With the survival of General Motors and Chrysler LLC at stake, the presidential task force on industry restructuring held its first meeting today behind closed doors at the Treasury Department. Full story...
Feb
20th
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DETROIT -- General Motors' tab for keeping a pledge to pay Saab's part suppliers through until Feb. 20 will be $127 million, people familiar with GM's purchasing strategy said. Full story...
Feb
20th
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General Motors' tab for keeping a pledge to pay Saab's part suppliers through today will be $127 million, people familiar with the U.S. automaker's purchasing strategy said. Full story...
Feb
20th
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FRANKFURT/STOCKHOLM (Reuters) -- General Motors' European brands are near collapse, with Germany's Opel in need of more state funding and Sweden rejecting Saab's plea for state aid until its business plan is sound. Full story...
Feb
20th
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General Motors Europe on Friday said it would promptly establish "a viable mechanism for the timely payment of suppliers' claims towards Saab", which today filed for reorganisation in a Swedish court. Full story...
Feb
20th
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General Motors' German unit Opel needs around EUR3.3bn (US$4.15bn) in liquidity, a company source has said. Full story...
Feb
20th
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General Motors' Saab estimated that it made a loss of around SKR3bn crowns (US$340m) last year and would post a similar loss this year, the carmaker said in documents submitted to a court on Friday. Full story...
Feb
20th
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GM Daewoo, the Korean unit of General Motors, said today it expected to receive support from the South Korean government. Full story...
Feb
20th
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GM Daewoo, the Korean unit of General Motors, said today it expected to receive support from the South Korean government. Full story...
Feb
20th
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Saab's fight for survival intensified today as the General Motors unit won protection from creditors while trying to find a new partner and raise fresh funds. Full story...
Feb
19th
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Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. Full story...
Feb
19th
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Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1. Full story...
Feb
19th
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The Canadian Auto Workers union has said it would find cost cutting measures to remain competitive with General Motors and Chrysler in the US after the companies reached agreements in principal with the UAW. Full story...
Feb
19th
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US president Barack Obama will convene a meeting of his new task force to oversee auto industry restructuring after Chrysler and General Motors submitted restructuring plans on Tuesday, a White House spokesman has said. Full story...
Feb
19th
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The German state of Thuringia is ready to consider a stake in carmaker General Motors' Opel unit if the German subsidiary is spun off, the eastern region's economy minister Juergen Reinholz told a newspaper. Full story...