Under a settlement, holders of roughly a third of the $46 million in outstanding RadioShack gift cards would be paid in full.» Read More
With new-car sales touching low levels not seen in decades, and with G.M. and Chrysler forced to shut plants as they struggle through bankruptcy, prospects for small auto-supply factories seem grim.
There’s an almost palpable lack of confidence that General Motors will exit bankruptcy as a leaner, meaner, stronger company. However, the game plan is basically to envision the New General as a sort of American Toyota, with a tidy lineup of brands to manage and an appealing fleet of economical, fuel-efficient vehicles to sell. Sedans and small, gas-sipping cars will be the future, not the fuel-chugging trucks and SUVs that got GM in trouble.
General Motors has reached a preliminary agreement for the sale of its Hummer brand of large sport utility vehicles and pickup trucks to a machinery company in western China with ambitions to become a carmaker, a person familiar with the Chinese government approval process said Tuesday.
Over the next few months, Mr. Obama and his auto task force will face many tests as they try to create a new paradigm for the nationalization, however temporary, of a storied and troubled emblem of American industry.
Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S., and shrugged off the GM bankruptcy filing. Read and listen to what the experts had to say...
Chrysler and Fiat have asked a bankruptcy court that approved their merger to shorten the process for appeals and bypass the U.S. District Court, according to a court documents.."
The stock can only go up, right? Wrong. What about all the deals on GM brands? Let's take a look.
I'm once again out in Victorville, California, at Greiner Buick-Pontiac-GMC. It's beem just two weeks since my last visit, the day GM notified which dealerships would not have their contracts renewed next year. Greiner survived, and since that day, David Greiner says business has actually picked up, from about two cars sold a day to four.
President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.
President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.
John Wolkonowicz, senior analyst at IHS Global Insight, and Alex Taylor, senior editor at Fortune Magazine, discussed the General Motors’ bankruptcy and the future of the automobile industry.
For General Motors workers and others across the nation, reaction to the automaker's historic bankruptcy filing Monday and the effect on their plants and lives ranged from resignation to fear.
General Motors filed for Chapter 11 bankruptcy protection Monday. Following is a list of GM plants that will be put on standby or closed.
With General Motors about to follow Chrysler into bankruptcy, the nation’s ability to bounce back from the steep recession is being hobbled, the New York Times reports.
Somewhere Walter P. Chrysler and Alfred Sloan are shaking their heads. The men who left an indelible impression on the American auto industry must be watching what will happen today and wonder, "do these guys really have a shot at making it?"
Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May. Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.
Get ready folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70 percent of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.
Visteon, the top supplier to and a former subsidiary of Ford, filed for bankruptcy protection on Thursday, citing liquidity and debt problems, and turmoil in the automotive industry.
Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion.