General Motors dealers are fleeing GMAC Financial Services and#x2014; the nation's No. 2 auto lender and#x2014; as a source of inventory financing and consumer loans.
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General Motors Europe will have more temporary plant shutdowns this year and next year because of likely poor financial results and collapsing sales of its key Opel brand.
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General Motors and Chrysler LLC's owners are discussing a merger that would keep some of Chrysler's operations intact and save jobs with the aim of securing U.S.
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General Motors has re-launched an incentive program allowing U.S. employees to give their vehicle discounts to other people, Bloomberg News reported yesterday.
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General Motors today said it would delay the unveiling of a new Buick LaCrosse model that it had planned to show at the Los Angeles auto show in November in part to reduce costs.
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General Motors has intensified talks to buy Chrysler LLC's auto operations from Cerberus Capital Management LP in a deal that would also involve a transfer of ownership of GMAC, people familiar with the talks said today.
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The Canadian Auto Workers union has said that it opposes in potential merger between General Motors and Chrysler.
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General Motors Corp looks set to cut salaried jobs as the automotive slump in Europe and the US continues to rock the company's sales.
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Two years ago, Nissan and Renault considered extending their partnership to General Motors, and investors hated the idea. With speculation now turning to a possible link-up with Chrysler, analysts are balking even more.
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General Motors, Ford Motor Co. and Chrysler LLC may drag U.S. auto sales for October to their lowest levels since 1992, a forecasting firm said. Overall industry volume will plunge 29 percent to 872,000, Edmunds.com said in a statement today.
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General Motors has retained Merrill Lynch to assist in exploring a potential sale of ACDelco, its global independent aftermarket parts business and a brand of GM Service & Parts Operations.
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As General Motors pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for a deal that would combine two struggling automakers and cost tens of thousands of jobs.
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As General Motors pushes ahead with talks to acquire Chrysler LLC, uneasy suppliers and workers are bracing for a deal that would combine two struggling automakers and cost tens of thousands of jobs.
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General Motors' Saturn brand thinks it has found a novel approach to reaching women: partnering with CBS Interactive for an online drama that follows the escapades of four women in a book club.
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General Motors announced today that it has retained Merrill Lynch to explore the sale of ACDelco, GM's aftermarket parts unit. The move is part of GM's attempt to raise up to $4 billion by selling assets.
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General Motors is looking for a large investment from outside investors as a possible alternative to a deal with Chrysler LLC, the Financial Times reported on its Website yesterday.
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General Motors' German unit Opel has declined to comment on a local newspaper report it may extend production suspensions to all of its European plants for several weeks in November and December.
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General Motors' German unit Opel has declined to comment on a local newspaper report it may extend production suspensions to all of its European plants for several weeks in November and December.
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A leading US brokerage has increased its fourth quarter loss estimates for General Motors and Ford in light of "a fundamentally altered credit environment".
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General Motors is looking for a large investment from outside investors as a possible alternative to a deal with Chrysler, the Financial Times reported on its website on Tuesday.
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