Senators Pushing for GM Chrysler Merger
December 5, 2008 3:40:24 PM
As their dirty linen continues to be aired in public, GM and Chrysler have been given another possible survival option; merge to get a loan.

GM and Chrysler considering bankruptcy as a last resort
December 4, 2008 11:49:57 PM
GM and Chrysler executives have each held private discussions on a possible pre-arranged bankruptcy. The two automakers will only do so as a last resort to secure government aid.

Public opposes auto bailout by 60 percent in CNN poll
December 4, 2008 7:39:57 PM
Most Americans opposed a bailout for the ailing US auto industry. After dismal November sales figures have come in, the industry is now asking for 34 billion, instead of the 25 billion US dollars they...

Automakers increase bailout request to $34 billion
December 4, 2008 3:59:57 PM
After Congress rejected the big three’s bid for $25 billion dollars in government loans last month, they have returned to Capitol Hill and are now requesting $34 billion dollars in aid.

Wagoner Heading to Bailout Hearing in Chevy Volt Prototype
December 4, 2008 3:17:09 PM
General Motor’s CEO Rick Wagoner has decided to forgo the first class accommodations of the company's private jet for a Chevy Volt prototype.

General Motors Unveils Restructuring Plan
December 3, 2008 12:07:53 AM
GM says it will focus on four core brands, Chevy, Cadillac, GMC and Buick, and will sell Saab and Hummer. The company says it will need 12 billion US dollars to see it through 2009 and 6 billion more ...

Volvo & Saab Request Aid from Swedish Government
December 1, 2008 1:12:53 PM
GM and Ford are petitioning the Swedish industry ministry to aid their Saab and Ford brands respectively. The Swedish government is considering a 2 billion Krona (248 million US, or 195 million euro) ...

Saab, Saturn & Pontiac Brands Face the Chopping Block
November 27, 2008 7:31:51 PM
When the big three went to Capitol Hill looking for a $25 billion dollar government bailout, Congress had a clear message “No plan, no cash”. A plan being studied by GM is calling for the elimination...

Big Three ready survival plan for Congress
November 25, 2008 1:27:52 PM
US automakers get a second chance, but must come up with a plan to save their industry. Congress is expecting detailed restructuring plans from all 3 Detroit automakers by December before it decides o...

Fisker Karma hybrid to source engine from GM
November 24, 2008 7:56:28 PM
Fisker has announced their new plug-in hybrid sedan called the Karma will use GM’s 2.0-liter turbocharged four-cylinder which produces 260 horsepower.

GM rules out bankruptcy
November 24, 2008 12:55:55 PM
GM board has reviewed a bankruptcy scenario but has ruled out Chapter 11 as a viable option. GM still betting that a US government bailout is its best chance for survival.

Opel may be better off without GM
November 22, 2008 12:39:38 AM
The German government has said it is open to providing a 1 billion euro loan guarantee for Opel as long as the money is used solely to sustain operations within Germany. It also says aid to Opel will ...

Big 3 bailout compromise reached - then vote cancelled
November 20, 2008 10:49:54 PM
Reaching a compromise key Senators drafted a bill that should see the $25 billion promised in September for factory retooling, being made immediately available as a kind of emergency cash bailout. How...

GM rejects offer to sell Opel
November 20, 2008 11:38:10 AM
German solar energy company SolarWorld makes a surprise offer to buy Opel, but GM says its German brand is not for sale.

No $25-billion bailout package for automakers - Senate vote canceled
November 20, 2008 10:18:50 AM
After a somewhat contentious day on Capital Hill it became obvious that representatives from the Big 3 failed to sway enough members of the United States Senate to back a measure to provide them with ...

American automaker's 25bn bailout looks doubtful
November 19, 2008 10:35:31 PM
Prospects for a bailout of US automakers continue to dim, as Republicans in Congress and President Bush continue to oppose a 25 billion dollar bailout package for the Big 3 auto companies.

Congress puts forth bailout plan with strict demands
November 18, 2008 4:05:35 PM
Congressional leaders are willing to provide 25 billion dollars to the automakers, but not without strings attached. But still, the prospect of a bailout under the current administration remains slim.

GM reveals more cash saving measures
November 18, 2008 3:05:35 PM
GM is scrambling to pinch pennies to assure its liquidity throughout 2009. The company has announced it will raise 230 million US dollars by selling its remaining stake in Suzuki Motor. It also said i...

Berlin ready to give Opel 1bn Euro guarantee
November 18, 2008 1:35:35 PM
German government pledges to provide Opel with 1 billion euros in loan guarantees. But the government of Chancellor Angela Merkel has stipulated the money is to remain in Germany to shore up Opel's op...

VIDEO: GM higlights the consequences of automakers collapse
November 17, 2008 10:20:40 PM
GM puts out a video on the dire consequences to the US economy if the big 3 automakers are allowed to collapse. GM, Ford and Chrysler are hoping for a government bailout in the form of 25 billion US d...