General Motors Company
NYSE: GM
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+$1.22 (+2.5%)
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GM Articles
Cutting jobs is one thing. Going out of business is another. As it becomes clear that millions of jobs will be lost by companies which are weak but will probably make it through the recession, the...
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"Ecce Auto" (Behold the car). With that back of the hand brush off, the 110th US Congress just left the future of the American auto companies to be worked out next year by a new legislature and...
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According to Reuters, the Senate will return to auto bailout talks this week. Reuters reports that Merrill Lynch (MER) CEO Thain is seeking his $10 million bonus. Reuters reports that unsold cars are...
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It is that time of year where companies should have been evaluating their plans for the year ahead. Each year we come out with a list of companies who should get rid of their CEOs or which should...
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Czar Nicholas II is not available due to his untimely demise, so Congress and the administration will have to find someone else to act as the "car czar", the role of making sure that The Big Three do...
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Detroit wants a dollar and it may get a dime. Congress may give The Big Three enough money to make it until early next year. GM (GM) and Chrysler are particularly desperate for funding. But, a small...
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While the US car companies struggle to survive and GM (GM) and Chrysler say they may not make it until the end of the year, even mightly Toyota is bleeding. The Japanese car company will gear down...
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According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that...
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The latest and one of the most bizarre aspects of the decision of whether the US government will make loans available to bailout Detroit is the battle over which federal agencies can provide capital...
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The last word from Washington is that Congressional staff and some car company executives understand that pre-packaged bankruptcies of GM (GM) and Chrysler may be the only effective ways of saving...
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According to Reuters, falling interest rates will not offset unemployment and falling prices to save to housing market. Reuters reports that GM (GM) and Chrysler are considering bankruptcy to get US...
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The Big Three restructuring plans submitted to Congress make good bedtime reading. The programs are full of assumptions which, taken as a whole, indicate that the entire US car industry will be in...
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According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will cut...
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GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one key issue, which is what happens to the company’s finances if it loses a great...
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If GM (GM) needed dramatic news to help explain why it needs a bailout from Washington, the car firm got it. Sales at the company were off 41% in November. Year-to-date unit sales dropped 22%. The...
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