General Motors Co. CEO Fritz Henderson's annual salary is being cut by 25 percent to $950,000 as part of the Obama administration's pay reductions for the top 175 executives at seven companies that got federal bailouts.
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As production ramps up, the new purchasing chief for General Motors Co. is worried that his supply base is headed for still more financial trouble.
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General Motors is making an Internet router available as a dealer-installed option on select vehicles throughout its Buick, Cadillac, GMC and Chevrolet lineup.
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Former White House auto adviser Steven Rattner has said General Motors and Chrysler likely would have been liquidated had their fates been left to Congress.
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The Obama administration plans to order that the top earners at firms that received government bailouts -- including General Motors, GMAC, Chrysler, and Chrysler Financial -- will see their cash payouts cut by an average of about 90 percent from...
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Former General Motors CEO Rick Wagoner and his aides were and#8220;sequesteredand#8221; and and#8220;insular,and#8221; presided over a and#8220;lack of financial disciplineand#8221; at the company and blamed everything but their own management for the company's...
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The White House auto task force chief who led the rescue of Chrysler and General Motors said he was astounded by the poor quality of management at the automakers.
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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday.
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General Motors Co. remains committed to closing a deal to sell its European Opel unit to a group led by Magna International Inc., the automaker's CEO told U.S. cable television station CNBC on Wednesday.
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State-run Korea Development Bank (KDB) has expressed concern about the long-term survival of General Motors' local subsidiary GM-Daewoo without more help from the US parent company.
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General Motors Co.'s board was expected to meet Tuesday or Wednesday to consider a letter from EU competition authorities that raises doubts about the fairness of the bidding battle for Opel.
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General Motors's retail market share for October is forecast to rise to 22.4% from the third-quarter retail average of 19.1%, according to Edmunds.com.
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General Motors has a 'plan B' ready should the EU block its planned sale of European unit Opel/Vauxhall, press reports said on Monday.
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Having placed its Cadillac advertising business in review, General Motors is looking for new advertising agencies to work on its iconic Chevrolet brand.
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There is no need to question the decision to provide EUR4.5bn in aid for General Motors' Adam Opel unit and there is no need to repeat the bidding process, German government spokesman Ulrich Wilhelm said on Monday.
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The General Motors board has allowed the carmaker join its cash-strapped South Korean affiliate GM-Daewoo's new rights offer, CEO Fritz Henderson said on Thursday. He did not elaborate. Meanwhile, state-run Korea Development Bank (KDB) said it would not participate in the rights offering if the US carmaker did not meet its request for financial aid to its local unit.
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Uncertainty over the timing of the expected signing of a 'memorandum of understanding' document selling a 55% stake in General Motors' European unit Opel to a Magna International-led consortium remains on Friday.
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Chinese joint venture vehicle manufacturing partners SAIC Motor and General Motors are exploring new business opportunities including vehicle assembly in India, a source told the Economic Times.
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Three months out of US Chapter 11 bankruptcy protection and in the process of finalising a deal to sell a majority stake in Opel, General Motors is now mulling the fate of its 51% owned South Korean unit GM Daewoo.
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