Crucial GM asset sale approved by judge
July 6, 2009 2:48:47 PM
GM will now be able to sell-off all troubled assets and build newer, smaller company around four core brands. The ruling allows GM to restructure more quickly and possibly return as a public company w...

Cadillac XTS Luxury Sedan to Arrive in 2011?
July 2, 2009 9:59:48 PM
Cadillac has plans to start producing a BMW 7 Series/ Mercedes S-Class rival from 2011. According to a report the car, to be called the XTS, will be built at GM's Oshawa plant in Canada.

GM to Cease Pontiac Vibe Production
June 19, 2009 3:00:00 PM
Pontiac spokesman Jim Hopson stated GM would stop production of the 2010 Pontiac Vibe in August.

GM Announce Tentative Agreement to Sell Saab to Koenigsegg
June 16, 2009 2:45:22 PM
Terms of the Saab sale to Koenigsegg are beginning to emerge, but what is the future of the new 9-5 and the Quant?

Ex AT&T CEO chosen as new GM board chairman
June 10, 2009 2:15:42 PM
GM's bankruptcy-inspired corporate shakeup continues as Edward Whitacre Jr has been named the new chairman of General Motors' Board of Directors.

GM kills medium-duty trucks while opening new battery lab
June 9, 2009 1:59:52 PM
Truck plant in Flint, Michigan will close as GM opens new battery lab in its home state. About 400 GM employees at Chevy Kodiak and GMC Topkick plant will be either reassigned or offered buyouts. New ...

GM and Penske announce tentative deal for purchase of Saturn
June 5, 2009 10:21:34 PM
Saturn has been sold to the Penske Automotive Group for an undisclosed amount. PAG will own 100% of the company but will outsource manufacturing to another worldwide partner.

Potential Hummer buyer identified as.... Chinese-based Sichuan Tengzhong Heavy Industrial Machinery
June 3, 2009 1:01:22 PM
GM has officially announced they’ve reached a tentative agreement to sell Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery Company.

GM Announce Preliminary Agreement To Sell HUMMER to Mystery Buyer
June 2, 2009 3:43:00 PM
No details are available yet on who the new owners are or how much they've paid for the HUMMER brand. The deal will keep alive about 3,000 jobs dependent on Hummer at GM and at the brand's dealerships...

GM Files for Chapter 11 Bankruptcy
June 2, 2009 2:13:00 PM
Find out how long it will take for the General to emerge from bankruptcy, and how much debt the company has, inside.

GM to File for Bankruptcy on Monday, U.S. will still Invest Additional $30 billion
May 29, 2009 12:16:40 PM
General Motors is reported to be finally filing for Chapter 11 this coming Monday. But not before the US government lends one of America's previously most dominant companies of the past 100 years an e...

German government received 3 bids for Opel today
May 20, 2009 7:42:03 PM
Fiat, Magna International and the European Opel Dealer Association are all interested in a stake in the German automaker. The most aggressive bidder is Fiat, which is seeking to take over all of GM Eu...

GM to Close 1100 Dealers
May 18, 2009 1:19:48 PM
Large-scale dealership closing will result in the loss of 137,330 jobs. GM will be cutting its dealership ranks to 3,600 by next year. Down from 5,969 dealers it had in 2008, a reduction of 40 percent...

GM to Cancel Some Chevy, Pontiac and Cadillac Models
May 11, 2009 2:18:26 PM
GM will be killing the Pontiac G6 GXP sedan and coupe, the Chevrolet Impala SS, Cobalt SS sedan and the Cadillac STS-V, all by the end of the 2009 model year.

Fiat to Merge with GM Europe & Chrysler to Create New Automotive Superpower
May 4, 2009 1:17:24 PM
Just days after agreeing to take a 20 percent stake in Chrysler, Fiat is expected to announce plans to purchase GM Europe’s core brands of Opel, Vauxhall, and Saab.

Pontiac G8 could Survive as Chevy Commodore Police Car - Report
April 29, 2009 1:38:02 PM
GM's Australian unit Holden hopes to keep Pontiac G8, based on its Commodore model, alive as a Chevy Commodore-badged police car in the US. But most police force fleets still use the Ford Crown Victor...

GM Confirms Pontiac Phase Out by 2010 - 21,000 jobs cut
April 27, 2009 7:37:18 PM
GM will reduce its dealer network by 42 percent to just 3,600 from the over 6,000 dealers it had in 2008. The automaker will be cutting its hourly work force down to 40,000 employees - a shadow of the...

Investors Lining up for Opel
April 20, 2009 11:12:10 PM
A number of possible investors in Opel/Vauxhall have been identified by GM. According to CEO Fritz Henderson these are serious people ready to do a deal.

GM may drop Pontiac and GMC brands
April 16, 2009 8:44:43 PM
The axe may fall on Pontiac and GMC, as part of cost-cutting and restructuring at parent GM.

Cadillac Converj Confirmed for Production - Report
April 15, 2009 11:32:38 AM
Motor Trend is reporting that a source familiar with GM’s future product lineup has indicated that the stunning Cadillac Converj concept will go into production as a 2012 model.