GM says goodbye to 54 sponsorship contracts
July 14, 2009 3:17:58 PM
In a bid to cut a tremendous amount of costs, GM has won approval to cut over 50 corporate sponsorship contracts. What iconic displays will disappear?

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...

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...

Saab files for reorganisation under Swedish law
February 20, 2009 3:41:40 PM
GM will be spinning off Saab as an independent business as of January 1st 2010. Reorganization will provide the automaker with legal protection from creditors as it attempts a restructuring. Saab is s...

Saab 10 days from bankruptcy
February 19, 2009 8:01:12 PM
GM says Saab is just ten days away from bankruptcy, and they want half a billion dollars from the Swedish government to keep it running. The Swedish government says, "no."