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.
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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General Motors wants to terminate its dealership agreements with three more stores owned by bankrupt Bill Heard Enterprises Inc., court documents say. GM wants to end sales points at Chevrolet dealerships in Union City and , Ga., Sandy Springs, Ga.
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General Motors is expected to explain its ongoing merger negotiations with Chrysler by Friday, industry sources have said.
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General Motors led the Detroit big three's plunge off the October sales cliff with a massive 47.2% year on year drop - adjusted for selling days - that a key executive said was unsustainable.
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General Motors today named Kevin Williams vice president and general manager of global service and parts operations for GM North America. Williams, 47, succeeds Doug Herberger, 57, who retired Nov. 1 after 35 years.
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General Motors told dealers today it is starting its annual Red Tag sale early this year. The sale, which typically begins just before Thanksgiving weekend, will start tomorrow and run until January 5, dealers say.
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General Motors is launching two new incentives on most models, but they are targeted at select customers. And auto dealers say they have been told that GM's annual Red Tag sale, typically slated to start in mid-November, might start earlier.
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Auto sales at General Motors, Ford Motor Co. and Chrysler LLC plunged in October, dragging the U.S. industry to a 32 percent decline and its weakest performance in a quarter century. GM plummeted 45.1 percent from a year earlier.
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Auto sales at General Motors, Ford Motor Co. and Toyota Motor Corp. plunged in October as the U.S. industry braced for what may be the weakest monthly sales report in a quarter century. GM plummeted 45 percent from a year earlier.
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General Motors Indian unit boosted October sales 6% year on year to 6,465 units in October 2008, compared to 6,139 units in the corresponding month last year.
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General Motors executives are running the company "minute by minute" as they slash the product development budget to save as much as $1.5 billion.
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Talks on a deal to sell Chrysler LLC to Nissan Motor Co. and Renault SA have halted because the No. 3 U.S. automaker's owner favors a deal with General Motors, The Detroit News reported today.
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General Motors will end the 5-year/100,000-mile powertrain warranty on all 2009 Saab vehicles in the United States, a Saab spokesman confirmed. It's a move the brand quietly made two months ago to save costs.
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The UAW has hired veteran Wall Street consultant Stephen Girsky to advise the union on automakers' federal bailout talks and a possible tie-up between General Motors and Chrysler LLC, Automotive News learned today.
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For the first time in years, General Motors is pulling the plug early on a certified used-car financing program, a GM spokesman confirmed today.The company is doing so because of a lack of credit funding, said spokesman John McDonald.
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Any merger between Chrysler and General Motors is now on hold until after the US presidential election next Tuesday.
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A deal to merge General Motors and Chrysler has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said. This puts any merger of the struggling automakers on hold until after the U.
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The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today.
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The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today.
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