GM bailout: Posts

GM to Begin Repayment of Government Loans Ahead of Schedule
November 16, 2009 4:00:00 PM
GM will also begin repaying loans to the government of Canada and the province of Ontario. GM hopes to clear up about half of its government debts before a public offering sometime after the middle of...

14

GM re-emerges from bankruptcy as General Motors Co.
July 13, 2009 3:32:47 PM
New GM is now majority owned by the U.S. government. Automaker has shed most of its debt and trimmed its cost to a competitive level. But it still must deliver desirable products to the marketplace.

20

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...

9

Ford Says No to Big Dealer Closures
May 19, 2009 2:33:54 PM
Ford has already reduced its dealer network by 700 since 2005, whose number now stands at 3,700. The company believes that customers left out in the cold by dealer cuts at GM and Chrysler could migrat...

30

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...

25

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.

25

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...

16

Henderson Details GM Survival Plan
April 13, 2009 4:10:25 PM
GM will shrink brands and dealer network in a restructuring effort that goes "deeper and faster". New, leaner GM will emerge with Chevrolet, Cadillac, Buick, Pontiac and GMC brands while greatly reduc...

23

GM in *intense* preparations for bankruptcy
April 7, 2009 11:43:27 PM
GM preparing to split the company in two, with a new, leaner GM made up of its more successful brands emerging. Bankruptcy would help GM unburden itself of much of its 27.5 billion dollars in unsecure...

15

Henderson Willing to Take GM into Bankruptcy to Meet Obama Mandate
April 1, 2009 5:02:45 PM
New GM CEO says he understands the demands for restructuring coming from the Obama administration. Fritz Henderson admits that bankruptcy may be the only solution for GM.

20

Obama Denies GM and Chrysler Extra Funds
March 30, 2009 4:04:04 PM
GM given 60 days to prove its viability, Chrysler has 30 days to hammer out an alliance deal with Fiat. Both automakers will be supplied with operating capital, when necessary, but will not get any mo...

39

Wagoner steps down from GM on Obama's insistence
March 30, 2009 12:04:04 PM
White House holds Wagoner responsible for many of the poor decisions that have led to GM's near collapse. The Obama administration will unveil a new plan today for providing more aid to the US auto in...

2

Obama to announce additional auto aid package with tougher conditions
March 27, 2009 11:32:54 PM
Obama said companies must prove their viability in order to get more money.GM has received 13.4 billion US dollars in bailout funds and is asking for an additional 16.6 billion. Chrysler has said it w...

26

GM, Chrysler May Need 'Considerably More' Aid Than $21.6 billion - Treasury
March 21, 2009 7:01:53 PM
US Treasury's chief auto adviser says GM and Chrysler may be too optimistic about their future sales.

19

Auditors express *substantial doubt* about GM's future
March 6, 2009 3:17:57 PM
Auditors claim GM's future in doubt without more federal aid. In 2008, the company suffered a loss of 30.9 billion US dollars. It has asked the US government for an additional 16.6 billion US dollars ...

7

GM Feb sales down 53 percent - unsustainable sales level may spell collapse within months
March 4, 2009 10:30:00 PM
While the US auto market was down 41 percent for the month, Ford sales were down 48 percent and Chrysler's 44 percent. At current sales levels, GM and Chrysler could face a collapse within months.

7

Japanese Auto Makers Dominate Consumer Reports Survey (US)
February 27, 2009 5:13:00 PM
Honda tops the list as the best rated overall brand with 78 points, Subaru follows closely with 75 and Toyota with 74. Of 15 automakers surveyed for quality and reliability, Chrysler came in last, GM ...

8

GM Posts a $30.9 billion loss in 2008
February 26, 2009 8:56:57 PM
Troubled automaker GM says it will need another 16.6 billion US dollars in order to remain solvent. GM has already received 13.4 billion in bailout cash from the US Treasury.

15

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...

19

GM Dissolves High Performance Vehicle Operations
February 19, 2009 6:31:12 PM
High performance division was responsible for such vehicles as the V-series Cadillac, the Chevy Cobalt SS and the Chevy HHR SS. GM hopes to revive the division once its financial situation improves.

2

GM gets second loan payout of 5.4 billion
January 23, 2009 1:50:28 PM
GM has already received 9.4 billion dollars of a total of 13.4 billion that has been pledged by the US government. The troubled Detroit automaker is slated to receive another 4 billion dollars on Febr...

Latest F1 News

Your account

Category page links

Other links