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.
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General Motors today reported its fifth straight quarterly loss because of "unprecedented economic and credit market turmoil'' and warned that it may not have enough cash to operate by mid-2009. GM ended the third quarter with $16.
General Motors and Ford were expected to post massive third quarter losses this afternoon (7 November), a day after automaker and union chiefs went to Washington to seek extra help from the country's political leadership.
General Motors Europe (GME) has opened a US$300m, flexible assembly plant in St. Petersburg, Russia. The plant has added 70,000 units of capacity to more than 100,000 already available to GM at joint venture and partner facilities in the country.
The U.S. automobile industry's requests for federal assistance now exceed $50 billion. The CEOs of General Motors, Ford Motor Co. and Chrysler LLC met behind closed doors today with Congressional leaders to make personal appeals.
The U.S. automobile industry's requests for federal assistance now exceed $50 billion. The CEOs of General Motors, Ford Motor Co. and Chrysler LLC met behind closed doors today with Congressional leaders to make personal appeals.
The U.S. automobile industry's requests for federal assistance now exceed $50 billion. The CEOs of General Motors, Ford Motor Co. and Chrysler LLC met behind closed doors today with Congressional leaders to make personal appeals.
General Motors is widening electric vehicle development beyond the Chevy Volt even though it is making cuts in other areas.
General Motors' North American president is urging the rest of the auto industry to let Washington know the extent of the industry's financial crisis.
General Motors' North American president is urging the rest of the auto industry to let Washington know the extent of the industry's financial crisis.
General Motors' North American president is urging the rest of the auto industry to let Washington and the world know how serious the financial crisis is for the auto industry.
General Motors will announce "important changes" to its operations in response to the "volatile global economic situation" when it reports third-quarter results on Friday, the automaker said in a note to staff today.
General Motors will announce "important changes" to its operations in response to the "volatile global economic situation" when it reports third-quarter results on Friday, the automaker said in a note to staff on today.
Nearly 3 million Americans would lose their jobs in one year if the Detroit 3 eliminated their U.S. operations, a Center for Automotive Research study says. The report projected the toll on the U.S. economy if General Motors, Ford Motor Co.
General Motors this morning wasted no time in reminding President-elect Barack Obama that he promised to help the auto industry.
General Motors believes Russia will become its biggest market in Europe next year. GM will almost double its car producing capacity in the Russian market when it opens its new $300 million factory in St. Petersburg on Friday.
General Motors and Ford Motor posted more than $27 billion of net losses in the first half of 2008 -- and that was before a deepening economic slowdown pushed industry sales to 25-year lows.
General Motors and Ford Motor posted more than $27 billion of net losses in the first half of 2008 -- and that was before a deepening economic slowdown pushed industry sales to 25-year lows.
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General Motors and Ford Motor Co. posted more than $27 billion of net losses in the first half of 2008 -- and that was before a deepening economic slowdown pushed industry sales to 25-year lows.
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