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General Motors Co

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  • GM's Wagoner: No Plans For Bankruptcy Filing Friday, 7 Nov 2008 | 2:01 PM ET
    GM logo, General Motors logo

    General Motors is not considering bankruptcy despite a sharp downturn in sales and cash position, but the industry needs fast action by the government to prevent a "devastating" impact on the economy,  GM Rick Wagoner said on CNBC.

  • Stocks Bounce Back but GM Clips Gains Friday, 7 Nov 2008 | 1:58 PM ET

    Stocks rebounded after a two-day selloff as traders shrugged off a bigger job loss than expected.  The 240,000 drop in payrolls was a dismal indication of the economic situation but a lot of that was priced in during the selloff of the past two days, when the Dow lost 10 percent.

  • GM, Ford Losses Deepen; Industry Outlook in Doubt Friday, 7 Nov 2008 | 1:49 PM ET
    Car dealership in Miami

    GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry

  • Ford Needs Government Bridge Loan: Mulally Friday, 7 Nov 2008 | 1:36 PM ET
    Ford

    Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.

  • Six Key Ways Car Shopping Has Changed Friday, 7 Nov 2008 | 12:25 PM ET
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    Despite federal bailouts, the auto buying landscape has changed and may never return to what shoppers have come to expect in the last five years. If you need to buy a new vehicle now, here's what you can expect.

  • Vanishing Jobs, Stressed Consumers Feed Downturn Friday, 7 Nov 2008 | 10:56 AM ET
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    The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own.

  • Rally Today—Or Not—With Jobs Report? Friday, 7 Nov 2008 | 9:19 AM ET

    When all was said and done, futures are relatively flat. The game plan for the past two days has been to short the market going into the jobs report, and if it was not dramatically worse to push a modest rally.

  • Jobs Numbers:  Breakdown by Sector Friday, 7 Nov 2008 | 9:10 AM ET

    The latest overall job loss numbers showed a loss of 240,000 jobs in October and the unemployment rate climbed to 6.5%.  This is the highest unemployment rate since March 1994.  The September payroll numbers were revised to a loss of 284,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • More White and Blue Collar Workers See Pink Slips Thursday, 6 Nov 2008 | 8:01 PM ET
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    The job losses in this downturn are hitting workers across all income levels and job categories, and the cuts are swifter and broader than in past recessions.

  • Fast & Furious Trades For Friday Thursday, 6 Nov 2008 | 7:46 PM ET
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    Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.

  • Should Obama Bailout Big Three Thursday, 6 Nov 2008 | 6:46 PM ET

    With the auto industry in crisis leaders of GM, Chrysler and Ford implored the government for help on Thursday.

  • Dow Drops 10% in Two Days After Election Thursday, 6 Nov 2008 | 5:21 PM ET

    Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over.  Weak outlooks from Cisco and Toyota, dismal October retail sales and the prospect of a very grim payrolls number tomorrow fueled the selloff today.

  • What We Need: No More Surprises Thursday, 6 Nov 2008 | 4:08 PM ET

    So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.

  • U.S. Automakers: Their Moment Of Reckoning Thursday, 6 Nov 2008 | 3:07 PM ET

    The Big Three auto makers are meeting with the House leadership today, and they are going to be presenting scary numbers. GM in particular is likely burning through their cash horde of $25 b at a much faster rate than the $1 billion a month projecting a short while ago.

  • GM: Cash Is More Than "King" For Survival Thursday, 6 Nov 2008 | 11:14 AM ET
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    How much time does GM have? It's not going bankrupt this month or by the end of the year, but if it does not conserve its cash, and sales remain as depressed as they were in October, 2009 will be dicey.

  • Save The Auto Industry? Nope, Let Them "Die" Wednesday, 5 Nov 2008 | 3:05 PM ET

    We spend billions on highways, we already bailed out Chrysler once, and meanwhile Amtrak is constantly struggling to get funding. We should realize that in addition to being worse for the environment than mass transit, having everyone driving around in cars is dangerous period, drunk or sober.

  • What Obama Is Inheriting—And What He Might Do Wednesday, 5 Nov 2008 | 11:23 AM ET
    Barack Obama

    Barack Obama's election victory comes with an albatross of a prize—an economy beset by a stubborn housing slump and the worst financial crisis in 70 years

  • What the Pros Say About Obama's Victory Wednesday, 5 Nov 2008 | 11:05 AM ET

    Barack Obama claimed a decisive victory in Tuesday's presidential election, and CNBC asked some big-name financial experts what this means for the market and the economy.

  • Obama's 1st Move Should Be to Save Autos: Ross Wednesday, 5 Nov 2008 | 7:38 AM ET

    The obvious and easy first move for President-Elect Barack Obama is to put some money into the automobile industry to save a large number of jobs, financier Wilbur Ross said Wednesday.

  • Naming Treasury Secretary Is Top Priority: Ross Tuesday, 4 Nov 2008 | 7:55 AM ET

    The first priority of America's president-elect should be the appointment of a treasury secretary, and New York Federal Reserve President Timothy Geithner is a likely candidate, financier Wilbur Ross said Tuesday.