General Motors Company
NYSE: GM
$52.48
-$0.44 (-0.8%)
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GM Articles
A number of well-known brands disappeared in the last year in large part due to economic forces. Many of them were in the retail industry, led by Circuit City. ATA and Aloha airlines are gone....
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General Motors Corporation (NYSE: GM) may have an answer as to what could happen with that Saturn unit. Just be sure you stress the “may” in this thought. A press release came out mid-day...
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GM’s (GM) stock trades at $1.71, which is not even its 52-week low. Several news outlets have reported that the Treasury has asked the No.1 US car company to prepare for Chapter 11. The government...
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According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned. Reuters reports...
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GM’s (GM) creditors seem to believe that they should get a better deal than the car company is offering them so that it can reduce its debt. Even the most senior creditors are being asked to take a...
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According to Reuters, GM (GM) has been told by Treasury to begin work on a bankruptcy. Reuters reports that China’s growth has started to move inland from the coast. Reuters reports that Credit...
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The Treasury Department may want to adjust what it thinks the cost of the bailouts of GM (GM) and Chrysler will cost. Word out of Japan is that Toyota (TM) will loss $5 billion in the next fiscal...
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The Treasury is using all of its muscle in The Motor City. Bondholders in GM (GM) and Chrysler think they may do better if the companies go bankrupt than if they take the paltry offer of...
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According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent...
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If only US car companies could do all of their business in China. The economy there must be better than has been reported. In March, a record 1.1 million light vehicles left showrooms. That means...
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The press is upset that the car companies will not put on their usual splendid displays at the New York International Auto Show. There will not be a big collection of V8 thunder cruisers, women in...
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According to Reuters, the government’s auto task force will meet with GM (GM) to push ahead its restructuring. Reuters writes that US banks may still need aid. Reuters writes that Morgan...
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According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending. Reuters reports that the SEC will consider restricting short...
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GM’s (GM) domestic car sales are off almost 50% this year, so selling cars is no longer the company’s strength. Since it is an auto firm, coming up with an alternative business would seem to be...
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Several prominent bank analysts came out with statements yesterday saying that the largest US financial firms would post more heavy losses and that their accounting methods would obscure the worst of...
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