Auto News 5

In an effort to conserve cash, General Motors will require thousands of salaried workers to take two additional vacation days in December. Those days will be taken on top of GM's two-week holiday shutdown next month. Full Story...

In an effort to conserve cash, General Motors will require thousands of salaried workers to take two additional vacation days in December. Those days will be taken on top of GM's two-week holiday shutdown next month. Full Story...

General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital. Full Story...

General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital. Full Story...

General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital. Full Story...

General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital. Full Story...

General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital. Full Story...

Not long after Honda began testing 'production' fuel cell cars in California, General Motors' Japan unit has displayed the fuel-cell powered Chevrolet Equinox in Japan and plans to start testing the vehicle on roads there after approval from authorities. Full Story...

A doomsday scenario sees almost 3m auto industry jobs in the US being lost in just 12 months if the Big Three carmakers, Ford, General Motors and Chrysler, crash. Full Story...

With sales plummeting 35 percent in October, Chrysler LLC dealers haven't had much to celebrate lately. But they were glad to hear on Friday that General Motors had called off merger talks with Chrysler. Full Story...

Without a federal bailout in the next three months or so, General Motors, Ford and Chrysler will face a financial collapse that could drag down suppliers, dealers and even import automakers. Full Story...

About 3,600 General Motors production line workers in 10 plants will be laid off indefinitely starting in January as GM trims production to match sinking demand. Full Story...

General Motors Europe suffered a $1 billion pre-tax loss in the third-quarter as the worsening economic situation hit sales. GM Europe's reported third quarter pre-tax loss increased to $1 billion from a $398 million loss in 2007.

General Motors is calling off talks with Cerberus Capital Management LP about a possible acquisition of Chrysler LLC.

General Motors has reported a net loss of US$2.5bn or $4.45 per share for the third quarter, including special items, signalled a liquidity crisis and said talks with Chrysler are off as the incoming president insisted he would help the beleagured industry. Announcing the results, GM CEO Rick Wagoner confirmed talks had taken place with Chrysler but said GM had eventually decided to address its liquidity problems as its top priority. Full Story...

General Motors has reported a net loss of US$2.5bn or $4.45 per share for the third quarter, including special items, signalled a liquidity crisis and said talks with Chrysler are off.

GM has reported a net loss of $2.5 billion or $4.45 per share for the third quarter, including special items. That compares with a net loss from continuing operations of $42.5 billion or $75.12 per share in the third quarter of 2007, which included a non-cash charge of $38.3 billion to establish a valuation allowance against some of the company's net deferred tax assets.

As this was being started, four hours later than usual, for reasons which will soon be apparent, General Motors was running 35 minutes and counting late on publishing its eagerly anticpated third quarter results due around 15:30GMT or 10:30 eastern in American money. It was not a good sign. Finally, the numbers showed up 70 minutes later than hoped.

General Motors, battling "unprecedented economic and credit market turmoil,'' reported its fifth straight quarterly loss today and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16. Full Story...

General Motors, battling "unprecedented economic and credit market turmoil,'' reported its fifth straight quarterly loss today and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16. Full Story...