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General Motors Co

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  • Oil Shock Stocks Friday, 6 Jun 2008 | 1:03 PM ET

    J.P. Morgan's strategist Thomas Lee told me this two weeks ago: "I think if oil stays at $130, equities are in big trouble...because there's so much pressure here on corporate America because of this oil price."

  • GM Is Close to Acquiring Supplier Cobasys Thursday, 5 Jun 2008 | 11:40 PM ET
    GM logo, General Motors logo

    General Motors is close to acquiring Cobasys, a struggling joint venture that supplies batteries to some of its hybrid vehicles, trade publication Automotive News reported on Thursday.

  • It's a major achievement Chrysler should rightfully be proud of. But it also highlights the next challenge for them, as well as GM and Ford: closing the "perception gap." First, here's the good news for the Big 3 on assembly plant efficiency.

  • Lightning Round OT: General Motors and More Wednesday, 4 Jun 2008 | 6:33 PM ET

    The Lightning Round is extended in this CNBC.com exclusive feature.

  • Stocks Finish Mixed; Bond Insurers Plunge Wednesday, 4 Jun 2008 | 5:17 PM ET

    Stocks finished mixed as investors juggled some encouraging economic news and concerns about the financial sector. Lehman Brothers rebounded, while bond insurers plunged. Oil dropped below $123 a barrel.

  • Today's Cars And Trucks Really Are Made Better Wednesday, 4 Jun 2008 | 1:46 PM ET
    J.D. Power & Associates

    This year Porsche is number 1 with an average of 67 problems per 100 made. It's followed by Infiniti (jumping from 9th to 2nd), Lexus, Mercedes and Toyota. The Porsche victory is not surprising given it historically does well in quality surveys. Infiniti's jump is impressive and will help that brand continue on the resurgence it's enjoyed in the last couple of years.

  • Market Insider: Wednesday Look Ahead Tuesday, 3 Jun 2008 | 10:43 PM ET

    The stock market will have to shake off its renewed fear of the financials if it is to move ahead Wednesday.

  • Lehman Shakes Up Stocks Tuesday, 3 Jun 2008 | 5:34 PM ET
    graphic_word_ofthe_street.jpg

    The Dow suffered another triple-digit plummet with financials leading the way this time. Get the story on Lehman, GM, why Bernanke's backing of the buck and more in "Word on the Street."

  • Energy, Financials Lead Decline; Lehman Skids Tuesday, 3 Jun 2008 | 5:12 PM ET

    Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials.  The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.

  • Mark it down. May is the month that finally broke the back of the Big 3's great run with trucks and SUVs. Oh sure, Detroit still dominates the truck business, but it's clear buyers want something less, that's what is hurting Detroit.

  • US Auto Sales Slide in May as Buyers Spurn Trucks Tuesday, 3 Jun 2008 | 4:28 PM ET
    Woman looks at new Toyota Camry on dealer lot

    General Motors and Ford reported sharp falls in U.S. auto sales in May, with sales of trucks hit especially hard as consumers shied away from automobiles with low gas mileage. Toyota Motor, meanwhile, reported a smaller decline.

  • Planet Green

    Tomorrow Discovery launches Planet Green, replacing its home network with the first 24/7 network dedicated to environmentally-friendly programming. The new buzz word is "eco-tainment" and the company that gave us the highly-rated "Planet Earth" series is betting it'll be in high demand.

  • Stocks Skid After Drop in Auto Sales Tuesday, 3 Jun 2008 | 3:00 PM ET

    Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials.  The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.

  • GMAC's Mortgage Unit Gets Cash to Stay Afloat Tuesday, 3 Jun 2008 | 11:49 AM ET
    gmac_logo.jpg

    Residential Capital said Tuesday that parent GMAC and private equity firm Cerberus Capital Management agreed to inject more than $1.4 billion in cash, a move that may help the struggling mortgage lender stay solvent.

  • Dollar Vs. Crude: Is Anyone Winning? Tuesday, 3 Jun 2008 | 11:16 AM ET
    oil_money.jpg

    Sure, some analysts are skeptical about the relationship between oil and the dollar. The conventional wisdom, though, is that the weaker dollar has encouraged investors to buy dollar-denominated commodities to hedge inflation and has contributed in some part to rising oil prices.

  • BRIC Stocks to Build Your Portfolio Tuesday, 3 Jun 2008 | 10:44 AM ET

    Jim Awad thinks an investor should build a stock portfolio with BRICs -- Brazil, Russia, India, and China -- but it's not necessary to leave home to get into that market.

  • Pop From Factory Orders Fizzles; GM Jumps Tuesday, 3 Jun 2008 | 10:42 AM ET

    Stocks opened higher after Federal Reserve Chairman Ben Bernanke gave further indication that the central bank was comfortable with current interest rates and General Motors announced a restructuring plan that will close four North American plants.

  • GM Gets Jolt From Consumers Tuesday, 3 Jun 2008 | 10:34 AM ET

    It's sad that it took record high gasoline prices for GM to figure out what it takes to be a competitive global auto maker. It's sad that GM has to go through yet another wrenching restructuring, closing plants and sacking workers from lines that make trucks and big SUVs.

  • GM to Close Four Truck, SUV Plants; Shares Up Tuesday, 3 Jun 2008 | 9:37 AM ET
    General Motors Headquarters

    General Motors, facing a sinking US market for gas-guzzling trucks and SUVs, said it will take dramatic steps to shift its focus to smaller vehicles.

  • GM Throws In The Towel To High Gas Prices Tuesday, 3 Jun 2008 | 9:25 AM ET
    General Motors

    The plant closings are prudent. If gas remains at high levels, there will be fewer and fewer buying trucks and SUVs. Sales are down 17.3 % this year, and may not get much better the rest of this year. With 4 fewer plants, GM will save roughly a billion dollars. More importantly, it will reduce the number of SUVs sitting on dealer lots in the future.