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Latest General Motors Corp. Stories

2009-07-03 08:54:06

An attorney representing General Motors Corp. bondholders told U.S. Bankruptcy Court Judge Robert Gerber the government was bluffing with a July 10 deadline. Representing the U.S. Treasury, Harry Wilson had told the judge that GM needed to complete a sale of its good assets by July 10 or the government would back away from its $30 billion commitment to purchase 61 percent of the company. But attorney Michael Richman said the government had made a conscious, strategic decision, to avoid a...

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2009-07-02 13:28:20

A lawyer for General Motors Corp. told U.S. Bankruptcy Judge Robert Gerber a quick sale of the automaker is needed to preserve the fragile company. In the two-day hearing on the sale of GM's viable assets, Harry Wilson, of the Obama administration's automotive task force, told Gerber the government intends to stick with a July 10 deadline for GM to sell its best assets. GM attorney Harvey Miller said creditors who objected to the sale, fail to recognize what we're dealing with is an asset...

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2009-07-01 14:40:19

The U.S. Justice Department objected to a $17.9 million consulting fee General Motors Corp. is expected to pay when it emerges from bankruptcy. A courtroom monitor for the Justice Department objected to the fee GM has agreed to pay Evercore Group LLC when the company sells its good assets, which could occur later this month, The Detroit News reported Wednesday. Evercore is also charging $400,000 as a basic fee for its first month's work. GM has asked the court for permission to pay the...

2009-06-30 15:07:00

Says Plan Undermines Consumer Protection Rights NEWTON, Mass., June 30 /PRNewswire/ -- Jim Sokolove, the Chairman of Sokolove Law, LLC, the leader in the reinvention of how people obtain legal services, today blasted the proposed GM bankruptcy plan which would free the "new" GM from existing product liability claims. General Motors Corp. (GM) bankruptcy hearings began this morning. In GM's initial June 1 bankruptcy filing, the company sought to absolve itself of responsibility for all...

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2009-06-30 08:05:00

The U.S. government's $50 billion investment in General Motors Corp. will take years to recoup under the best of circumstances, industry analysts said. GM filed for bankruptcy on June 1 and is expected to emerge as a smaller company with fewer factories and significantly less capacity. But even at its peak in 2000, the company's total worth was $56 billion, The Washington Post reported Tuesday. Industry analyst Maryann Keller, author of Rude Awakening: The Rise, Fall and Struggle for Recovery...

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2009-06-29 13:11:44

General Motors Corp. says U.S. sales of the Chevrolet Camaro will catch up with sales of the Ford Mustang by the end of the month. Camaro sales will be right with Mustang, company spokesman Terry Rhadigan said. In May, GM sold 5,463 Camaros, partly in response to the Camaro's appearance in the feature movie Transformers: Revenge of the Fallen, USA Today reported Monday. I just saw the 2010 Camaro when I saw the 'Transformers' movie and it is a hot car, Mariscia Thompson of Newberry, S.C.,...

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2009-06-26 14:45:00

General Motors Corp. said Friday it would refit a Michigan plant to build small cars, passing over options in Wisconsin and Tennessee. Oakland County, Mich., Executive L. Brooks Patterson said the decision was a feather in the cap for the Orion (Township) plant and the good men and women who work there. GM filed for bankruptcy June 1 and had said the plant was on stand-by status. The plant employs 3,400 workers and makes Pontiac vehicles, which GM plans to phase out of production. The new...

2009-06-26 09:37:57

A federal bankruptcy judge in New York said General Motors Corp. could access $33.3 billion in government funds in a day of speedy court rulings. Judge Robert Gerber took about 15 minutes to approve GM's motion to access the funds, The New York Times reported Friday. In spite of objections filed in the case, Gerber later scheduled a hearing for June 30 that could result in GM's stronger assets being transferred to new ownership. Attorneys general of eight states have filed an objection...

2009-06-22 13:52:00

MILWAUKEE, June 22 /PRNewswire/ -- Johnson Controls Power Solutions received the highly coveted 2008 Supplier of the Year Award from General Motors Corporation at the 17th annual awards presentation at the GM Heritage Center in Warren, Michigan, based on performance in the areas of quality, service, technology and price. (Logo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO) Alex Molinaroli, President of Johnson Controls Power Solutions, accepted the award on behalf of the...

2009-06-22 05:20:00

SINGAPORE, June 22 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today the appointment of Mr. Boo Guan Saw to its Board of Directors effective July 1, 2009. Mr. Saw will also be assuming the role of President from the current President, Mr. Tong Kooi Teo with effect from August 1, 2009. Mr. Teo will continue as a non-executive director of China Yuchai. Mr. Saw is a veteran of the automotive industry with 23...


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
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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