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Jul
10th

US: Congress girds for battle over axed dealers

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Congress is readying for a clash with the Obama administration by moving to reverse the closings or planned closings of nearly 3,200 dealerships by General Motors and Chrysler. Full story...
Jul
10th

From GM’s plea for aid to bankruptcy exit — a timeline

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General Motors' exit today from bankruptcy wrapped up a 39-day process in Chapter 11 and came eight months after the automaker directly sought federal aid. Here are key events along the way. Full story...
Jul
10th

‘New GM’ exits bankruptcy; splits sales and marketing

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General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...
Jul
10th

‘New GM’ overhauls sales, marketing in bankruptcy exit

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General Motors today exited bankruptcy with an overhauled sales and marketing structure, a promise of more management changes and a message that a leaner and meaner automaker is ready to win back American consumers and pay back taxpayers. Full story...
Jul
10th

‘New GM’ exits bankruptcy, splits sales and marketing

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General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...
Jul
10th

US: GM exits bankruptcy with new focus on customer

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The new General Motors Company on Friday began operations free of bankruptcy protection with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the centre of everything it does, president and CEO Fritz Henderson announced in Detroit this afternoon (BST). That includes a new eBay marketing deal and the 'unretirement' of 'product czar' Bob Lutz to head both product design and customer relationships. GM is also ending its regional operating structure. Full story...
Jul
10th

‘New GM’ exits bankruptcy with lean outlook

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General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...
Jul
10th

GM’s Lutz reverses decision to retire, gets global ‘creative’ post

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Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, is staying with the company. Full story...
Jul
10th

The new General Motors Company began operations today

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DETROIT - The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does. Full story...
Jul
9th

Bob Lutz reportedly to stay on at General Motors:

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Bob Lutz, General Motors vice chairman and internationally renowned product guru, has reversed his retirement plans and is expected to stay with the remade car company as it charts a new path out of bankruptcy. Full story...
Jul
9th

GM’s Lutz reverses decision to retire, gets global ‘creative’ post

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Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, is staying with the company. Full story...
Jul
9th

GM’s Lutz reverses decision to retire, may lead global marketing

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Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, has changed his plans, two people familiar with his decision said. Full story...
Jul
9th

Get ready for the New GM:

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Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury. The Canadian government will own 11. Full story...
Jul
9th

Ford tops GM in Canada

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In June, Ford Motor Co. outsold General Motors in Canada. Ford's Canadian sales rose 23.8 percent from a year earlier -- its first year-over-year gain of 2009 -- to 28,274 units. GM's sales dropped 31.2 percent to 22,071. Full story...
Jul
9th

GM set to exit bankruptcy, avoid death ‘on the operating table’

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The best assets of General Motors were set to emerge from a 38-day bankruptcy as General Motors Co., a new entity majority-owned by the U.S. government. GM could complete the asset sale today, spokeswoman Julie Gibson said. Full story...
Jul
9th

CHINA: Now GM sees a 20% rise

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General Motors now expects its vehicle sales in China to grow by more than a fifth this year. Full story...
Jul
9th

Vested interests drag out Magna’s Opel takeover

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Reaching a deal to acquire General Motors' European unit Opel in just a few weeks was never going to be easy for Canada's Magna International Inc. Full story...
Jul
9th

GM Europe sales fall 20% in second quarter

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General Motors Europe's new-car sales fell 20 percent to 471,823 in the second quarter, compared with a decline of 18 percent for the industry, the carmaker said on Thursday. Full story...
Jul
9th

GERMANY: GM updates Berlin on Opel sale

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General Motors executives were meeting German government officials in Berlin today (9 July) to update them on the various bids for Opel, Bloomberg News reported, citing people familiar with the matter. Full story...
Jul
8th

CANADA: Ford asks CAW for same deal as rivals

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Ford has asked the Canadian Auto Workers (CAW) union to match recent concession-filled labour deals with General Motors and Chrysler so the company can remain competitive, the union has said. Full story...
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