General Motors exited bankruptcy protection early Friday after completing afaster-than-expected stint in court to revamp its operations and obligations,pledging to "get back to the business of building great cars and trucks" andbetter serving customers. Chief Executive Fritz Henderson also unveiled ...Read More
MUMBAI - Reliance Industries, India's largest private company and one of its most ambitious, said that it has made an offer to acquire a controlling interest in the world's third-largest chemical company. Reliance did not disclose late Saturday how much it ...Read More
MESA, Ariz. -- The publisher of the East Valley Tribune in the Phoenix suburb of Mesa said Friday that a buyer has made an offer that would keep the paper and its Web site in business. Publisher Julie Moreno told Tribune ...Read More
WASHINGTON—There may be additional e-mails that could have tipped off law enforcement or military officials to the Fort Hood shooter before he went on his deadly rampage, the chairman of the Senate Armed Forces Committee said Friday.
The U.S. government intercepted ...Read More
Last month, General Motors raised some eye brows when it announced its 60-day satisfaction guarantee program giving customers the ability to drive their vehicles for 60 days and return them with zero minimal risk. A month ago, we told you ...Read More
Nov. 19 (Bloomberg) -- General Motors Co. said U.S. autosales in November may run at an annualized rate of 10.8 millionvehicles, the third-highest total this year, in a sign ofimproving industry health. “Things are solidly looking up,” Susan Docherty, GM’sU.S. sales ...Read More
MILWAUKEE—In a move that signals Tyson Foods Inc. believes its chicken segment is again profitable, the world's largest meat maker has named a new CEO to replace interim head Leland Tollett, who had been tapped in January to help weather ...Read More
WASHINGTON (Reuters) - General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, a senior government official said.Ron Bloom, head of the Obama administration's autos ...Read More
Hummer HX concept - click above for high-res image gallery
As a brand, Hummer has been in limbo since General Motors announced it was selling the downtrodden marque to China's Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. Speculation remains that the ...Read More
One year before starting production of the Chevy Volt, General Motors engineers say they are confident in the performance and safety of the electriccar's batteries.
GM executives gave an update on the car's plans on Tuesday, saying engineers are making some ...Read More
DOVER, Del. -Simmons Co., maker of Beautyrest mattresses, has filed for bankruptcy protection. The privately held, Atlanta-based company filed a prepackaged Chapter 11 plan Monday in Delaware, listing assets between $500 million and $1 billion, and liabilities of more than $1 ...Read More
DETROIT, Nov 17 (Reuters) - General Motors Co [GM.UL] saidon Tuesday it will unveil the U.S. production version of itsChevrolet Cruze small sedan at the Los Angeles Auto Show inDecember. The Chevy Cruze small car, scheduled to be in U.S.showrooms in ...Read More
As if we needed more proof that America's politics are poisoned beyond belief, now we have Michael Steele, chairman of the Republican National Committee, pouncing gleefully upon news of General Motors Co.'s $1.2-billion third-quarter loss, in a harebrained attempt to ...Read More
General Motors lost $1.2 billion in the first 83 days after it emerged from bankruptcy protection in July, the company announced Monday.
But officials with the nation's largest automaker said the company is far healthier than it was before it was ...Read More
Nov. 17 (Bloomberg) -- General Motors Co. Chief ExecutiveOfficer Fritz Henderson, buoyed by $50 billion in U.S.bankruptcy aid, slashed debt and operating costs withoutreturning to profit. His challenge now is to sell more cars. A 28 percent drop in GM’s U.S. ...Read More
And doomsday did not descend upon General Motors Co. or the Detroit automotive industry. That's why GM will begin repaying $8.1 billion in rescue loans to the U.S. and Canadian governments ahead of schedule, starting with $1.2 billion next month. That is ...Read More
DETROIT - General Motors, whose very survival was in doubt earlier this year, is showing signs of life after its brief tour through bankruptcy this summer. GM said Monday that while it was still losing money, it had stabilized enough that ...Read More
NEW YORK -- Troubled auto and home lender GMAC Financial Services said CEO Alvaro de Molina is stepping down. Michael A. Carpenter, a member of the company's board of directors, has been named his successor. De Molina's sudden resignation comes while the ...Read More
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday. The government ...Read More
