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Latest General Motors Corp. Stories

2009-02-26 06:10:00

Results reflect global economic crisis and industry-wide collapse in vehicle demand Fourth quarter adjusted net loss of $5.9 billion, reported net loss of $9.6 billion 2008 adjusted net loss of $16.8 billion, reported net loss of $30.9 billion Structural cost improvement in North America of $3.0 billion in 2008 DETROIT, Feb. 26 /PRNewswire/ -- Calendar Year 2008 2007* '08 O/(U) '07...

2009-02-21 00:04:59

General Motors Corp., which is asking for U.S. aid in its bid to survive, is looking to five other governments for financial help, the company acknowledges. The company is in talks with government officials from Canada, Germany, Sweden, Thailand and the United Kingdom, the Detroit Free Press reported Friday. The restructuring plan the company proposed this week includes up to $6 billion in aid from foreign governments, to be applied to GM's non-U.S. operations, the newspaper said. GM's...

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2009-02-19 15:13:39

Billionaire developer Donald Trump said U.S. carmaker General Motors Corp. would do better with bankruptcy than with increasing its debt to the government. GM increased its request to the government for emergency loans by $16.6 billion Tuesday, the Detroit Free Press reported Thursday. Trump is no stranger to the process. Trump Entertainment Resorts filed for Chapter 11 protection for the third time earlier this week. Trump, who resigned as the company's chairman Friday, called the gambling...

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2009-02-19 15:13:39

Billionaire developer Donald Trump said U.S. carmaker General Motors Corp. would do better with bankruptcy than with increasing its debt to the government. GM increased its request to the government for emergency loans by $16.6 billion Tuesday, the Detroit Free Press reported Thursday. Trump is no stranger to the process. Trump Entertainment Resorts filed for Chapter 11 protection for the third time earlier this week. Trump, who resigned as the company's chairman Friday, called the gambling...

2009-02-19 12:56:28

A majority of Swedes, especially older Swedes, indicated in a recent poll they agreed with the government's decision not to bail out a struggling automaker. Among respondents to a recent poll, 20 percent of Swedes over 65 years old indicated the government should bail out Saab, which is owned by U.S. car maker General Motors Corp., Tidningarnas Telegrambyra reported Thursday. In the Sifo poll in which 1,000 Swedes were interviewed, 40 percent of the respondents 15-20 years old said they...

2009-02-18 13:39:56

Swedish Industry Minister Maud Olofsson said the government would not intervene to prevent automaker Saab, owned by General Motors Corp, from going bust. GM has asked Sweden for help keeping Saab afloat, saying it could be bankrupt within 10 days, The Times of London reported Wednesday. Given the urgency of stemming sizable cash demands associated with Saab operations, GM is requesting Swedish Government support prior to any sale, GM said. But Olofsson signaled help was not forthcoming. The...

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2009-02-18 06:50:00

The billions of dollars in additional federal help requested by U.S. automakers is dwarfed by the cost of bankruptcy, GM and Chrysler said. General Motors Corp., in filing a financial viability plan Tuesday, increased its request for government loans from $18 billion to $30 billion, saying it would be broke by March 31 if more loans are not approved. Chrysler LLC, also predicting bankruptcy by March 31, requested $9 billion. Bankruptcy, however, would be a highly risky and costly process, GM...

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2009-02-17 21:57:15

Chrysler and General Motors submitted reports to the government Tuesday as the U.S. automakers seek billions more in federal help to stave off bankruptcy. Chrysler LLC's plan for financial viability submitted to the U.S. Treasury Tuesday includes a request for an additional $2 billion. General Motors Corp. has asked for an additional $16.6 billion, The Wall Street Journal reported. Chrysler has received approval for $7 billion in loans in December, but has been given only $4 billion. The...

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2009-02-17 17:55:15

U.S. automakers Chrysler LLC and General Motors Corp. have asked the federal government for billions more in assistance to stave off bankruptcy. Chrysler LLC's plan for financial viability submitted to the U.S. Treasury Tuesday includes a request for an additional $2 billion. GM has asked for an additional $16.6 billion, The Wall Street Journal reported Tuesday. Chrysler has received approval for $7 billion in loans in December, but has been given only $4 billion. The additional request...

2009-02-17 13:48:00

DETROIT, Feb. 17 /PRNewswire/ -- WHAT: Congressman John D. Dingell is recognized as Crain's Detroit Business Newsmaker of the Year. One day after General Motors Corp. and Chrysler LLC deliver their detailed survival plans to Congress, the domestic auto industry's chief congressional champion will be honored as Crain's Detroit Business Newsmaker of the Year for 2008. Crain's, the award-winning weekly business newspaper, selected Dingell in part because of his role in the biggest...


Latest General Motors Corp. Reference Libraries

General Motors Headquarters, Detroit, Michigan
2014-04-13 09:20:18

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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Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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