Tuesday, 24 Nov 2009 | Posted By:
Phil LeBeau | Source: CNBC staff and wire reports
General Motors' agreement to sell its Saab Automobile unitto a Swedish car maker has fallen apart, CNBC has learned, raising questions about Saab's ability to survive.
Tuesday, 24 Nov 2009 | Source: The Associated Press
Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the Treasury. Taxpayers won't recoup the full sum of the government's unprecedented infusion to the financial sector, but the returns are ahead of schedule.
U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
A just-announced plan for General Motors to repay roughly $8 billion in debt to the United States and Canada would be re-evaluated in June, the Obama administration's top automotive official said.
Wednesday, 18 Nov 2009 | Source: The Associated Press
The three sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.
For all its financial troubles and shortcomings as an automaker, no aspect of G.M. has confounded its critics as much as its hidebound, command-and-control corporate culture. The New York Times looks at the carmaker's effort to change.
General Motors reaffirmed on Friday it wants state aid to help overhaul European arm Opel after a newspaper quoted GM's chairman as saying the U.S. carmaker will not ask German taxpayers for help.
General Motors could be hurt by pay restrictions on senior executives set by the U.S. government, the automaker's chairman said, urging an overhaul of the salary caps.
General Motors CEO Fritz Henderson began his bid to win Germany over to his decision to keep the Opel unit, with government cash for its restructuring, while some said it wasn't budgeting nearly enough for the job.
Monday, 9 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.
General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike. GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.
The old Chrysler was famous for its aggressive marketing and auto-show stunts, like running a cattle drive down the streets of Detroit to publicize a new pickup. But for its coming-out party on Wednesday, the new Chrysler stuck to a far more serious and subdued script, says the New York Times.
Keeping Opel is the best strategic option for General Motors given the improved economic conditions, but the automaker needs to appease German politicians' and trade unions anger over its about-face and adapt itself to German ways, European analysts said Wednesday.
Bitterness, anger and disbelief mixed with betrayal and even resignation are just some of the emotions boiling within Germany following Tuesday's shocking news that General Motors will scrap its sale of Opel.
Two and a half months away from the end of the year and the average dividend yield of the Dow 30 has continued to fall since the market lows.... Read More
As branding moves go it's one most people won't even notice. General Motors will slowly start phasing out GM logos from its cars and trucks.... Read More
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower.... Read More