General Motors Company
NYSE: GM
$45.68
+$0.70 (+1.6%)
Closing Price on October 4, 2024
GM Articles
The car czar is a joke, a way to get a few billion dollars to GM (GM) and Chrysler while they move their companies in better shape for Chapter 11 filings. The two car companies are not likely to get...
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The recession has caused so much panic among Americans that it has addled their minds. According to a new poll from The Washington Post and ABC News, most citizens do not favor a bailout of the auto...
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The airline industry rule about Chapter 11 is to file whenever necessary and file early while there is still cash on the balance sheet. GM (GM) and Chrysler may be learning the hard way the their...
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Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of US rivals in...
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General Motors (NYSE: GM) is finally taking a step in the obvious direction. The company is now apparently cutting about 250,000 units of production in the first quarter. This will be...
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According to MarketWatch, "Treasury says ‘stands ready’ to help auto makers." "Treasury said auto aid would last until Congress acts." GM’s (GM) shares, which were down as much over 15% are...
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Now that the Senate has blown any chances of saving the auto industry before its first session next year and facing claims by GM (GM) and Chrysler that they are out of money, Bush may not want to be...
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With Republicans in the Senate thwarting an auto company bailout bill, GM (GM) has decided to play its trump card. It has hired bankruptcy counsel. According to The Wall Street Journal, "GM (GM)...
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According to Reuters, the auto bill died in the Senate and there will be no more action this year. Reuters reports that the Bank of America (BAC) will cut as many as 35,000 jobs, Reuters writes that...
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Based on GM’s last quarterly financial statement, the car company had $28 billion in payables. Most of those were to suppliers. If the firm is trying to hold onto its cash, that figure could be...
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According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized...
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It may be old school but for every action their is an equal and opposite reaction. Take the auto bailout. It turns out that creating a car czar with special powers over The Big Three could trigger...
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Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House. In other words, in theory. But now fresh reports...
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No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the fortunes of the sector will get...
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According to Reuters, the House will vote on the auto bailout as early as this week. Reuters writes that Rio Tinto (RTP) will cut 14,000 jobs. Reuters reports that AIG (AIG) owes other firms $10...
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