Latest General Motors Corp. Stories
Italian automaker Fiat said it would continue to reach across borders as it pursues a deal to purchase General Motors Corp.'s European operations.
Auto sales in the United States remained on the skids in April, led by Toyota Motor Corp.'s 41.9 percent decline, automakers' reports showed. General Motors Corp. said its U.S. sales dropped 33.7 percent last month compared to a year ago, the Detroit Free Press reported Friday.
The U.S. Treasury rejected two General Motors Corp. attempts to ensure that parts-supplier Delphi Corp.
Seniors and Retirees Facing Loss of Pensions Come Together as President Obama Marks 100th Day WARREN, Mich., April 27 /PRNewswire-USNewswire/ -- Warren Mayor Jim Fouts will bring together many of the General Motors' small bondholders who stand to be financially hurt the most by the impending bankruptcy of the Fortune 500 Company at a City Hall press conference Wednesday, 11 am EST, April 29th, which marks President Obama's 100th Day in office.
Fiat is expected to sign a letter of intent to buy most of General Motors Corp.'s European subsidiaries Opel and Vauxhall, sources told Der Spiegel. The German magazine reported Friday that the Italian automaker's chief executive officer Sergio Marchionne, was expected to forward an offer for a majority stake in the companies. Opel and Vauxhall sell 1.5 million vehicles a year.
Retired U.S autoworkers stand to lose tens of billions of dollars in pension and healthcare benefits in a bankruptcy filing, government officials said. The Pension Benefit Guaranty Corp., which insures pension plans, said General Motors Corp.'s pension would have a $20 billion shortfall if the plan was terminated in a bankruptcy court.
General Motors Corp. will close most of its factories for up to nine weeks this summer, starting in mid-May, a source close to the company said. GM spokesman Thomas Pyden said no official word on extended summer shutdowns had been announced, the Detroit Free Press reported Thursday.
General Motors Corp Chief Financial Officer Ray Young said Wednesday the US automaker would not meet a $1 billion debt payment due June 1.
General Motors Corp. auto dealers need to prepare for the possibility of the U.S.
U.S. automaker General Motors Corp.
General Motors Company (GM) is an American automobile manufacturer located in Detroit Michigan. They also control multinational manufacturers around the globe. They design, produce, market and distribute vehicles and parts, as well as selling financial services. GM has ten brands of vehicles produced in 37 countries. They include, Chevrolet, Buick, GMC, Cadillac, Opel, Holden, Vauxhall, Wuling, Baojun, Jie, Fang and UZDaewoo. GM does business with 157 different countries and employees...
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