Gary Brown, who sells General Motors cars in Louisville, Ky., was planning to call U.S. Sen. Mitch McConnell today to ask him to consider supporting emergency federal loans to the Detroit 3. But Brown, owner of Brown Bros. Cadillac Chevrolet Inc.
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General Motors and its suppliers are performing a death-defying trapeze act. And suppliers' insurance companies are rolling up the net. If GM files for Chapter 11 reorganization, it will drag its suppliers down, too.
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General Motors dealers can earn as much as $500 for every used car and truck they sell under a new promotion linked to the GM Certified used-vehicle program.
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If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear.
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If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let's be clear.
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We're waiting for the man from General Motors before we can unload, but truck driver Jerry Fulton has opened one of the side doors on his rig. In the shadows inside, we catch a glimpse of yesterday's future.
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General Motors' Adam Opel unit has asked the German federal and state governments for guarantees to help it weather tough times for the automotive industry, an Opel spokesman said on Friday.
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General Motors European chief has said the company would not close any factories on this side of the Atlantic "unless an asteroid hits the earth".
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Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors and Ford Motor, the Financial Times reported on Friday.
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Following General Motors' plea to dealers and employees to lobby their local political representatives in Washington for additional aid to the auto industry, Chrysler last night extended its plea to the public.
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Goldman Sachs suspended its rating on General Motors on Thursday and said the automaker needs at least $22 billion in U.S. government aid to survive a deepening industry downturn.
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Goldman Sachs on Thursday suspended its rating on General Motors, saying the automaker needs at least $22bn in US government aid to survive the credit crunch.
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General Motors has appointed Crystal Windham its first African-American female leader of design. Windham, 35, began her job Nov. 1 as director of North American passenger-car design.
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General Motors has appointed Crystal Windham its first African-American female director of design. Windham, 35, began her job Nov. 1 as director of North American passenger-car design.
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Goldman Sachs today suspended its rating on General Motors and said the automaker needs at least $22 billion in federal aid to survive a deepening industry downturn. Goldman Sachs forecast the No.1 U.S. automaker will end 2008 with $12.
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General Motors will not close any factories in Europe "unless an asteroid hits the earth," its European boss says.
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A delay in federal aid could speed up General Motors' collapse by prompting suppliers to demand shorter payment terms to protect themselves from the threat of not being paid in a bankruptcy, US analysts said.
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General Motors has urged employees to contact their local members of congress and demand immediate aid to the beleaguered Detroit-based auto industry. A similar plea has also gone out to dealers, according to US reports, as house of representatives Democrats began to rally round the automakers and the treasury moved to free credit, though without any direct aid to the vehicle manufacturers.
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General Motors has urged employees to contact their local members of congress and demand immediate aid to the beleaguered Detroit-based auto industry. A similar plea has also gone out to dealers, according to US reports, as house of representatives Democrats began to rally round the automakers and the treasury moved to free credit, though without any direct aid to the vehicle manufacturers.
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General Motors today asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis, dealers briefed on the matter said. GM U.S.
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