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Latest General Motors Corp. Stories

2010-06-14 18:18:00

DETROIT, June 14 /PRNewswire/ -- F. James (Jim) McDonald, who served as president and chief operating officer of General Motors Corp. throughout much of the 1980s, died Sunday, June 13, 2010. McDonald's career spanned the post World War II auto boom, when GM grew to dominate the U.S. car market. Among his many GM assignments, he served as general manager at both Pontiac and Chevrolet. McDonald was named president and chief operating officer of GM on February 1, 1981, and served in those...

2009-11-09 07:00:00

DETROIT, Nov. 9 /PRNewswire/ -- Motors Liquidation Co. (MLC), formerly known as General Motors Corp., announced today it intends to continue with the sale process of its powertrain manufacturing and engineering facility in Strasbourg, France, which operates as a subsidiary of MLC. It was also announced that Bank of America Merrill Lynch has been retained as financial advisor for the sale. The potential sale of the Strasbourg facility was originally announced by General Motors Corp. in...

2009-10-27 09:30:00

WILMINGTON, Del., Oct. 27 /PRNewswire/ -- Fisker Automotive has selected the Wilmington Assembly plant in Wilmington Delaware to build affordable plug-in hybrid cars. (Logo: http://www.newscom.com/cgi-bin/prnh/20070905/LAW009LOGO) Fisker executives made the announcement inside the dormant facility today, joined by Vice President Joe Biden, Delaware Governor Jack Markell and other state officials. The plant will support Fisker Automotive's Project NINA, the development and build of an...

2009-09-17 11:44:00

WASHINGTON, Sept. 17 /PRNewswire-USNewswire/ -- The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today announced a proposed exemption that, if granted, would allow the General Motors Co. (GM) to transfer company securities including common stock, preferred stock and a $2.5 billion promissory note, to a health plan established for the company's retirees. The retiree health plan will cover approximately 700,000 retirees and dependents when it becomes effective...

2009-09-02 12:38:19

Al Koch, in charge of selling assets General Motors Corp. left in bankruptcy court, said potential buyers have inquired after some GM facilities. But it's not possible, until the process unfolds for a little bit, to tell the shoppers from the buyers. These are very, very large facilities, Koch told The Detroit News. Analysts said some facilities left over from the pre-bankruptcy GM are likely to be broken down. Some are very old. Some are huge. Others require extensive environmental...

2009-08-20 09:31:00

NEW YORK, Aug. 20 /PRNewswire/ -- The Official Committee of Unsecured Creditors of General Motors Corp. (n/k/a Motors Liquidation Company) announces the launch of its new bankruptcy information website: www.motorsliquidationcreditorscommittee.com On June 1, 2009, General Motors Corp. and certain of its subsidiaries and affiliates (collectively, "Old GM") filed for chapter 11 bankruptcy protection. On June 3, 2009, the United States Trustee appointed 15 of the largest unsecured creditors...

2009-08-05 13:42:42

The General Motors Corp.says it has officially terminated its sponsorship of the PGA Tour's annual Buick Invitational at Grand Blanc, Mich. The termination had been expected because the cash strapped auto maker anticipates dumping as many as 13,000 jobs by the end of the 2009 calendar year, part of an ongoing structuring procedure. Its a sad day to have to announce that news, Larry Peck, national promotions manager for Buick-GMC, told the Detroit News in a statement late Tuesday. Difficult...

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2009-07-29 13:45:00

U.S. automaker General Motors Corp. said its hydrogen fuel-cell research program was in danger of falling behind as funding grows scarce. The program has not slowed down at all. The issue is, going forward, do we have sufficient money to operate at that rate, GM's vice president of research Larry Burns told USA Today Wednesday. The program is years away from putting a hydrogen fuel-cell car on the market, but it has been able to run steadily in spite of GM's bankruptcy filing this summer. But...

2009-07-28 12:14:31

U.S. auto parts supplier Delphi Corp. said it chose a bid from lenders that could end almost four years of the company's tenure in bankruptcy court. The company's board of directors chose the bid over an offer from Platinum Equity Capital Partners, a firm owned by Parnassus Holdings LLC, which was backed by $2.5 billion in capital from General Motors Corp., The Detroit News reported Tuesday. Platinum said it continued to believe in its offer. With the right plan, Delphi can establish itself...

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2009-07-13 13:30:02

General Motors Corp., fresh out of bankruptcy, can proceed with a deal to help U.S. parts supplier Delphi out of its own bankruptcy process, a judge said. U.S. Bankruptcy Judge Robert Gerber, presiding over the GM bankruptcy case, said Monday the automaker can join with Parnassus Holdings LLC for a deal in which GM will invest $2 billion in Delphi and provide the company a $500 million loan. Platinum Equity LLC, the parent company of Parnassus, will invest $250 million and loan $250 million...


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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