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General Motors Co

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  • What Brought The Market Off Its Lows Tuesday, 15 Jul 2008 | 12:31 PM ET

    The two most significant financial stocks of the moment--Fannie Mae and Freddie Mac, both remaining down but are also well off their lows. Still, this is still a weak day, with three stocks declining for each advancing.

  • GM: It Will Take More Than Cuts To Get Back On Track Tuesday, 15 Jul 2008 | 10:48 AM ET

    For the second time in five weeks, General Motors is making major cuts to give its business the breathing room it needs to hopefully turn things around. Unlike the last restructuring, five weeks ago, where GM cut truck plants and put HUMMER up for sale, these latest moves are about saving cash as soon as possible.

  • Stucks Tumble on Bernanke Warning Tuesday, 15 Jul 2008 | 10:32 AM ET

    Stocks fell sharply after Federal Reserve Chairman Ben Bernanke issued a dour forecast ahead for the US economy, saying more hard times are on their way that will pose a major challenge to policy makers.

  • Bernanke Has Tough Job Today Tuesday, 15 Jul 2008 | 9:10 AM ET

    Mr. Bernanke's job is to walk the fine line between acknowledging--and defending--the Fed's expanding role in the regulation of investment banking, and not appearing to be coddling excessive risk-takers.

  • Swedish Firm Speeds Up US Factory Closure Tuesday, 15 Jul 2008 | 5:59 AM ET

    The world's number one bearings maker, Swedish SKF, is speeding up plans to close down a factory in Kentucky, moving production to Mexico as the financial markets turmoil has hit hard the automotive industry, SKF CFO Tore Bertilsson told CNBC.com on Tuesday.

  • Market Insider: Tuesday Look Ahead Monday, 14 Jul 2008 | 8:56 PM ET

    Fed Chairman Ben Bernanke's testimony before a Senate committee takes on even greater importance for Tuesday's markets, now that the Fed and Treasury have promised to backstop mortgage giants Fannie Mae and Freddie Mac.

  • Stocks Skid as Bailout Fails to Sway Investors Monday, 14 Jul 2008 | 5:35 PM ET

    Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.

  • GM Set to Announce Further Steps to Cut Costs Monday, 14 Jul 2008 | 4:28 PM ET

    General Motors Chief Executive Rick Wagoner is set to announce further steps on Tuesday morning to cut costs in the face of slumping sales.

  • CNBC Top Five Videos: GM, Lehman & More Thursday, 10 Jul 2008 | 6:28 PM ET

    Volatility ruled the market Thursday because of oil prices, financial fears and an $18 billion acquisition. Following are the day's top five videos.

  • Battle The Bear Thursday, 10 Jul 2008 | 6:04 PM ET

    The Dow finished higher on Thursday propelled by optimism about a major deal in the chemicals sector and comments from Ben Bernanke. What's the "Word on the Street?"

  • Indexes Eke Out Gains After Wild Session Thursday, 10 Jul 2008 | 4:57 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers and oil prices surged more than $5 a barrel. Still, all three major indexes eked out gains by the closing bell.

  • GM CEO: No Bankruptcy Plans, No Further Sell-Offs Thursday, 10 Jul 2008 | 3:42 PM ET

    GM will not consider selling or eliminating any brands besides Hummer and has no plans to declare bankruptcy, Richard Wagoner, General Motors chairman and CEO, said Thursday at the Dallas Chamber of Commerce.

  • Stocks Reel as Oil Surges, Financials Get Hit Thursday, 10 Jul 2008 | 3:37 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers, overshadowing any positive news the market had to offer.

  • GM's CEO Wagoner: No More Brand Cuts Planned Thursday, 10 Jul 2008 | 3:22 PM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    The message from General Motors chairman and CEO was clear and direct: The company has no plans to cut anymore of its brands. I asked Wagoner about cutting the brands when I caught up with him after a speech here in Dallas.

  • Stocks Flail as Freddie, Lehman Get Pummeled Thursday, 10 Jul 2008 | 2:44 PM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.

  • Know When to Sell 'Em and When to Hold 'Em Thursday, 10 Jul 2008 | 12:16 PM ET

    On Mad Money we pander to neither panic nor euphoria. On Tuesday, an up day, Jim urged everyone to get out of the financials. I can't emphasize how important it is that we go negative on up days, but history can. The 234 point rout yesterday afternoon is a pure example of what I'm talking about. We try not to be too down on down days, and emphasize extreme caution on up days because that's useful.

  • GM Says Developing Plans to Cut Costs, Save Cash Tuesday, 8 Jul 2008 | 10:22 AM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    General Motors is developing plans to cut costs and improve its "cash and funding position," Chief Executive Rick Wagoner said in an e-mail to the automaker's managers and team leaders.

  • Large Solar Energy Array Set for GM in Spain Tuesday, 8 Jul 2008 | 10:20 AM ET

    A Michigan company will provide the solar electric system for what it says will be the world’s largest rooftop array, on a General Motors assembly plant in Zaragoza, Spain, according to the New York Times.

  • GM And Why It's Tough To Kill A Brand Name Tuesday, 8 Jul 2008 | 8:45 AM ET
    General Motors Headquarters

    After blogging yesterday about the latest discussion at General Motors about keeping/selling/killing some of it's eight brands, I was inundated with e-mails suggesting what GM should do.

  • Pops & Drops: General Motors, Teva... Monday, 7 Jul 2008 | 6:20 PM ET

    Following are the day’s biggest winners and losers. Find out why shares of General Motors and Dryships popped while Teva and RBS dropped.

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