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Dec
22nd

GM and Chrysler bail-out approved

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It’s the news that General Motors and Chrysler have been desperate to hear – the US government has finally agreed to loan to help them stay afloat. Full story...
Dec
22nd

AUSTRALIA: Holden to build smaller car

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General Motors' Australian unit Holden will build new small car in Australia alongside the Commodore from the third quarter of 2010 with support from the federal and South Australian governments. Full story...
Dec
22nd

UK: Vauxhall talks cost cuts with unions

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General Motors UK unit Vauxhall is reported to be in talks with unions over further cost-cutting measures. Full story...
Dec
22nd

Analyst: GM equity may vanish in bailout

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General Motors' equity may be largely if not entirely wiped out as it complies with the restructuring targets laid out in the U.S. auto bailout, an analyst at Credit Suisse said. "Over the next two months ... Full story...
Dec
22nd

CANADA: Auto aid package follows US announcement

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Canada at the weekend said it would follow the neighbouring United States by providing C$4bn (US$3.3bn) in emergency loans to the Canadian units of General Motors and Chrysler to keep them operating while they restructure. Full story...
Dec
22nd

Rescue raises thorny questions

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Yes, George W. Bush rescued General Motors and Chrysler LLC last week. But the Bush bailout left a host of thorny, unanswered questions as the two companies plot a path to survival. Full story...
Dec
22nd

Canada follows U.S. with auto aid package

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Canada will follow the United States by providing C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of General Motors and Chrysler LLC to keep them operating while they restructure their businesses. Full story...
Dec
22nd

Buick will play up mid-sized LaCrosse

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The future sweet spot for Buick's car line will be the mid-sized segment, the top executive for General Motors' Buick-Pontiac-GMC sales channel says. The full-sized-car segment "has declined 35 percent this calendar year. Full story...
Dec
22nd

Will dealers get paid for pain?

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Car dealers could throw a wrench into efforts by General Motors and Chrysler LLC to restructure by trimming marginal brands and dealerships. To cut costs, GM has said it wants to sell Hummer, and it might sell or close Saturn, too. Full story...
Dec
22nd

Many suppliers won’t survive production cuts

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A White House bailout of General Motors and Chrysler LLC won't prevent the collapse of North America's shakiest suppliers. Domestic and import brand automakers in North America are expected to produce 2. Full story...
Dec
20th

Canada follows U.S. with auto aid package

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Canada will follow the United States by providing C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of General Motors and Chrysler LLC to keep them operating while they restructure their businesses. Full story...
Dec
20th

Bailout views, from ‘wonderful’ to ‘disappointing’

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The U.S. government is offering up to $17.4 billion in emergency loans to domestic automakers, providing some breathing room to General Motors and Chrysler LLC as they try to shore up their cash position and restructure. Full story...
Dec
19th

GM rating cut to last step above default

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General Motors' credit rating was cut by Fitch Ratings today to "C," the last step above default, saying the threat of a bankruptcy remains after a $17.4 billion rescue plan for U.S. automakers. Full story...
Dec
19th

Automakers, dealers, suppliers applaud rescue

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For General Motors and Chrysler LLC, the White House's $17.4 billion bridge loan is an early Christmas present. Full story...
Dec
19th

GM puts its history on the auction block:

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Sprinkled in among the resto-mods, classic cars and a Ford Tri-Motor airplane that cross the block at the Barrett-Jackson auction in Scottsdale, Ariz., in January will be some pieces of General Motors history. Full story...
Dec
19th

Suppliers say they need aid, too

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U.S. auto-parts suppliers want aid from the federal government, now that General Motors and Chrysler LLC have gotten approval for a $17.4 billion lifeline. Full story...
Dec
19th

GM puts ‘complete focus’ on meeting loan conditions

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General Motors must prove to lawmakers that it can be a viable company by the end of March. )x("”",We're going to work on what's been put forth today, and that's our complete focus,” said CEO Rick Wagoner during a press conference today. Full story...
Dec
19th

US: GM confident it can show viability

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General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, CEO Rick Wagoner said on Friday. Full story...
Dec
19th

GM Europe welcomes bailout for U.S. parent

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General Motors Europe said it would continue with its cost-cutting program as its ailing parent received access to $17.4 billion in loans from the U.S. government. Full story...
Dec
19th

Auto stocks jump after Bush OKs auto loan

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Stocks of automakers and parts suppliers jumped after President Bush's announcement that the executive branch will provide emergency bridge loans to the Detroit 3, amid a broad market gain. General Motors' stock price rose to $4. Full story...
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