Feeds
The inspector general for the Treasury Department's $700 billion bailout fund said Thursday that he will review the decisions of General Motors and Chrysler to close a large portion of their auto dealerships as part of their restructuring plans.
General Motors and Chrysler defended their plans Wednesday to eliminate about 3,000 dealerships, calling it a vital piece of their strategy to rebound from government-led bankruptcies.
When it brokered the restructuring of Chrysler and General Motors, President Barack Obama's auto task force repeatedly pledged that it would steer clear of running a car company.
Few folks have as much experience at retiring as Bob Lutz, who seems to be making a career of it.
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler Group LLC
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler Group LLC
For 46 years, Wade Walker sold Jeeps at his dealership in Montpelier, Vt. Now that dealership is going to have to reinvent itself.
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC:
A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
General Motors CEO Fritz Henderson said Wednesday the company is moving swiftly on restructuring under bankruptcy protection and the watchful eye of the president's auto task force.
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC:
Republicans want the Obama administration to set a deadline for the government to sell its ownership stakes in General Motors Corp., Chrysler LLC and financial institutions.
A Senate committee plans to question two members of the White House's auto task force about using taxpayer money to restructure General Motors and Chrysler.
More foreign car brands could find their way into American garages under a plan by auto racing magnate Roger Penske's dealership group to snap up Saturn from the ruins of General Motors Corp.
When General Motors Corp. emerges from bankruptcy protection, it will technically be a brand new, privately held company — yet it will be more publicly owned than ever, with taxpayers holding a 60 percent stake.
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC:
Ready or not, willing or not, the U.S. government is now in the automotive business.
Government-led bankruptcies of General Motors and Chrysler are drawing opposition in Congress, where bailout-weary lawmakers want explanations for the billions in more federal aid and the planned shuttering of hundreds of car dealerships.
It’s an outcome that was nearly unthinkable just six months ago. General Motors, a company once synonymous with America’s industrial might, is following its smaller rival Chrysler into bankruptcy court for a government-forced reorganization.
President Barack Obama now owns General Motors, even though he insists he's taking it out only for a spin.
General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.
Honda Motor Co. overtook Toyota Motor Corp. as the top company that auto parts suppliers prefer to do business with, according to an annual survey released Monday.
Lawmakers appealed to the Obama administration on Friday to slow down the restructuring of General Motors and Chrysler, wary of shuttered car dealerships, job losses and the big unknown of a GM bankruptcy.
Dozens of Congress members want the Obama administration to slow down the restructuring of General Motors and Chrysler, because they're worried the process could cost tens of thousands of jobs.
President Barack Obama is trying to shove U.S. automakers toward the future, a high-stakes wager that could help revive the industry in the long run, experts say.
Chrysler's new minivans demand respectSometimes a van is just a van, but with their new Town & Country and Grand Caravan minivans, Dodge and Chrysler want to change that perception. And they might succeed. MotorHead, by Dan Carney.
Clunkers Program Clears Out Car LotsCar buyers flocking to trade in their clunkers have stripped dealerships of inventory over the past two weeks, giving automakers a signal they have eagerly awaited: It's time to make more cars.
Volt will Get 230 Miles Per Gallon in City Says GMGeneral Motors Corp. said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius. More Articles
Delphi Not Sure When, How Many Jobs Will Come With StimulusWhen President Barack Obama announced Delphi Automotive Systems of Kokomo would receive 89 million dollars build parts for electric cars, company officials were surprised and excited.
With Mazda3, graduation to the big leaguesWith the Mazda3, this carmaker is marking an achievement: promotion out of the morass of mass-market brands and into the realm of aspirational brands. MotorHead, by Dan Carney.
The New GMThe spirit behind this commercial reflects the mind of American Business in general.
GM sells Saturn to PenskeThe deal gives Penske the rights to the 19-year old brand including its five different models. GM would continue production of only the three highest-selling models: the Aura sedan, and the Vue and Outlook cross-over SUVs, for the next two years.
GM Files for Bankruptcy ProtectionGeneral Motors filed for bankruptcy protection this morning, marking the end of financial independence for the 100-year-old industrial leviathan that once conflated its interests with the country's and -- counting jobs at the company and its suppliers -- employed well over 1 mill …
The Obama Motor Co. Back in December, in an economy far, far away, then-CEO Rick Wagoner tossed out the scary cost to taxpayers of $100 billion if General Motors wasn't saved by the government.
Health deal for Detroit could spark moreAs the labor contract negotiations between the major U.S. automakers and the United Auto Workers reach a critical stage, a historic restructuring of the auto industry's benefit costs is now at the center of the complex talks.
US Begins GM Bankruptcy Planning, It's Effect In EuropeGeneral Motors and the US Treasury have improved the offer to GM's bondholders, as they prepare for the firm's move into bankruptcy protection. Meanwhile efforts are continuing to secure the sale of GM's main European business Opel, and its UK brand Vauxhall.
U.S. to Steer GM Toward BankruptcyThe Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, source …
China benefits from Obama's fuel mandateThe Chinese must think we're chumps.
Car Crazy - Bankrupt companies making 39 mpg autos. Are we nuts?At the end of his Rose Garden explanation yesterday of the new U.S. fuel-efficiency standards, President Obama remarked on the good that can be accomplished when we are "working together." The President may be getting ahead of himself.
Obama to Announce New Mileage and Emission StandardsPresident Obama will announce as early as Tuesday that he will combine California's tough new auto-emissions rules with the existing corporate average fuel economy standard to create a single new national standard, the officials said.
GM, Chrysler to cut up to 3,000 dealers: sourcesGeneral Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said.
GM CEO: Bankruptcy Likely; Firm May Leave DetroitGeneral Motors is open to considering moving its headquarters from Detroit, selling off U.S. plants and even renegotiating parts of its restructuring plan with its major union, the new chief executive said Monday.
U.S. Drops Funding for Research Into Vehicle Fuel CellsCars powered by hydrogen fuel cells, once hailed by President George W.
What Is an 'American' Car? As Chrysler fell into bankruptcy last week, with GM perhaps close behind, President Barack Obama and other government leaders were dispensing advice to the auto industry. Unfortunately, much of this advice ignores the dynamism of today's global economy.
G.M. Posts a Quarterly Loss of $6 Billion General Motors, which faces a June 1 deadline to cut debt and expenses or else file for bankruptcy protection, on Thursday said it lost $6 billion in the first quarter.
"Too Big To Fail" Is Un-AmericanThe Too Big To Fail Doctrine is cited today as the reason for bailing out our financial system and our auto industry. Hundreds of billions of public dollars have been sunk in this endeavor so far, with little sign that it has done more than just postpone the inevitable.
GM Shifts Negotiations Into High Gear General Motors Corp. is expected this week to accelerate talks with the United Auto Workers union and move toward closing about 2,600 dealerships.
Amtraking AutomakersThe odds that the federal government will ever get its hooks out of Chrysler or General Motors are slim to none, regardless what President Obama says. Why? In one word, Amtrak.
Chrysler Goes to Court President Obama's broadside against bankers yesterday illustrates better than any argument ever could that bankruptcy court, and not the political arena, is where Chrysler belongs. Yesterday's filing isn't the end of the U.S.
Chrysler needs product (and a product guy)Commentary: Bob Nardelli may prove to be just the guy to run Chrysler, but he faces an uphill battle because the automaker's current problem lies in the area of Nardelli's weakness - automotive product. Driver's Seat, by Dan Carney.
Log In | Register
