General Motors plans to ship vehicles from its San Luis Potosi assembly plant in central Mexico to Canada by year end, the factory's managing director said yesterday.
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General Motors is scaling back its presence at the Los Angeles motor show, opening next week, postponing the debut of a new Buick until January in Detroit.
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Shares of Dow component General Motors surged in pre-market trade on Wednesday as investors bet that a government bailout was increasingly likely. The stock advanced 14 percent to $3.33.
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The German government rejected Tuesday a plea from General Motors, the world's biggest carmaker, for targeted aid for German car factories.
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In a Nov. 10 interview with Automotive News Editor David Sedgwick, General Motors CEO Rick Wagoner addressed questions ranging from what concessions he would offer in return for government aid to whether he would consider resignation.
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In a Nov. 10 interview with Automotive News Editor David Sedgwick, General Motors CEO Rick Wagoner addressed questions ranging from what concessions he would offer in return for government aid to whether he would consider resignation.
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GM Daewoo, which makes most of the hot-selling Chevrolet models keeping General Motors sales alive in emerging markets, is considering a temporary closure of plants amid a worldwide fall in demand.
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General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at J.P. Morgan.
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NEW YORK (Reuters) - General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at J.P. Morgan.
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General Motors shares plunged more than 30% Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout, shareholders would not benefit.
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General Motors shares plunged more than 30% Monday after an analyst forecast their price would fall to zero, saying that even if there is a government bailout, shareholders would not benefit.
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General Motors now plans to lay off an extra 5,500 production workers following its announcement of massive third quarter losses last week.
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2009 Chevrolet Corvette ZR1
It pulls strongly at high rpm but also has mega low-end torque. This is one world-class powerplant.The ZR1 is a high-water mark for Corvette performance that - given the macro trends in oil prices, the U.S. economy, and the fortunes of General Motors - almost certainly will never be achieved again.
Photo Gallery: 2009 Chevrolet Corvette ZR1 - Chevy Sport Coupe Review - Automobile Magazine
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Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors.
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The folks at General Motors can't seem to stop bragging about their efforts to become the greenest automaker on the planet. The development of the Chevrolet Volt electric car is a vivid example. That's also why we're seeing the hybrid treatment applied to an ever-growing number of GM products.
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Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors.
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DETROIT -- Delphi Corp.'s operating loss narrowed to $96 million in the third quarter from a loss of $663 million a year earlier, largely because of payments received from former parent General Motors.
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General Motors CEO Rick Wagoner says GM's financial distress is so dire that it must line up financial assistance from Washington before President-elect Barack Obama takes office in January.
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The economic crisis that rocked Wall Street showed up as a ripple in many media company earnings reports for the third quarter -- but a more ominous harbinger of hard times emerged Friday. General Motors, which reported a $4.
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General Motors is reported to be in talks with a Chinese partner to increase its stake in a venture that produces Wuling vans and light trucks.
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