General Motors today denied a report that it was again holding merger talks with Chrysler LLC. "There are no talks going on at all,'' GM spokesman Tony Cervone said.
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Ailing U.S. automotive giant General Motors denied reports Thursday that it was holding merger talks with its likewise stricken competitor, Chrysler.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors and Chrysler have reopened merger talks as Chrysler owner Cerberus Capital Management has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors and Chrysler LLC have reopened merger talks as Chrysler owner Cerberus Capital Management LP has signaled a willingness to give away part of its ownership in the automaker, the Wall Street Journal reported.
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General Motors, saving cash as it awaits federal rescue loans, has suspended construction of a Michigan plant scheduled to build fuel-saving engines.
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General Motors, saving cash as it awaits federal rescue loans, has suspended construction of a Michigan plant scheduled to build fuel-saving engines.
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General Motors on Wednesday opened a new joint venture manufacturing plant in northeast China which with capacity to build up to 150,000 vehicles a year.
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General Motors and its China partner SAIC Motor opened a new car manufacturing plant in northeast China on Wednesday with an annual production capacity of 150,000 units.
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General Motors, which is seeking a government bailout, paid up to $700 in year-end inflation adjustments to each of its 284,000 hourly retirees on Monday, said GM spokesman Tony Sapienza.
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If General Motors was forced into Chapter 11 bankruptcy, the US government could have to lend it about US$30bn to help it through or risk a series of failures in the auto industry, a leading bank has said.
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General Motors Europe unit Vauxhall is offering a temporary furlough scheme to the 2,200 workers at its Ellesmere Port plant here in England.
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General Motors is to temporarily idle about 30% of its North American vehicle assembly capacity in the first quarter of 2009, taking about a quarter million units out of the production schedule.
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General Motors is experimenting with a new process of direct payments to suppliers that could save the automaker as much as $200 million annually.
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Even if General Motors gets a bailout in Washington, its troubled captive finance company faces a failure that could trigger thousands of dealership bankruptcies.
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General Motors will drastically slash North American production to 425,000 vehicles in the first quarter of 2009 and#x2014; fewer than half the total it built in the first quarter of this year.
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WASHINGTON -- Bush administration officials and automakers are working this weekend on a possible deal for emergency loans to prevent the collapse of General Motors and Chrysler LLC, says Sen. Bob Corker, R-Tenn.
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Unfortunately, workers at many General Motors plants will get an extended holiday this Christmas season. With the economy in poor shape, consumers are buying significantly fewer cars than last year. Accordingly, General Motors will scale back production to meet current lowered market demands. GM's sales, in particular, are down 41 percent overall versus last year.
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Six auto suppliers were placed on review for a possible ratings downgrade on fears of a potential bankruptcy at General Motors.
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