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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: General Motors

General Motors stories: 457 news summaries

21 - 40 of 457 Stories | << Prev 1 2 3 4 5 6 ... 23 Next >>

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(Newser) - Just because top banking executives took home hefty paychecks in recent months doesn't mean they'll get to keep the money, reports Reuters. White House pay czar Kenneth Feinberg declared he has clear authority to "claw back" egregious bonuses already paid out by any bank that received federal TARP money.... More »

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Chrysler • Citigroup • executive compensation • Bank of America • Goldman Sachs • General Motors • bailout • GMAC • American International Group • executive bonuses • Kenneth Feinberg • pay czar

(Newser) - GM held a triumphant press conference this morning, announcing that, using newly devised EPA methodology, its 2011 Chevy Volt will get a whopping 230 miles per gallon in city driving, by far the highest fuel efficiency rating ever. No car has ever so much as sniffed 100mpg before; the Prius... More »

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General Motors • fuel efficiency • Environmental Protection Agency • miles per gallon • mpg • hybrid car • Chevrolet Volt • Chevy Volt

 GM Launches EBay Car Sales 


Aug 11, 09 4:51 AM CDT
(Newser) - GM is hoping to boost its sales in California with a trial program selling new cars and trucks on eBay, AP reports. Most of the company's dealers in the state have signed up for the program, which will let buyers haggle over the price of new vehicles and determine online... More »

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California • eBay • General Motors • online auction • auto industry • auto sales

 GM Announces 
 Plug-In Hybrid SUV 

Buick model could get twice the mileage of similar automobiles

Aug 6, 09 10:52 AM CDT
(Newser) - General Motors’ Buick brand will churn out the first plug-in hybrid SUV by a leading automaker, the company said today. “Buick will get our first plug-in hybrid, which will put the brand front and center in the advanced technology game,” said a GM exec. The company says the... More »

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environment • General Motors • SUV • crossover • hybrid car • lithium ion batteries • gas mileage • Buick

Interview

Anti-Business? Didn't I Just Bail You People Out?

Obama rips financial- industry critics, refutes 'stereotypes' on Dems

Jul 30, 09 10:46 AM CDT
(Newser) - President Obama says anyone calling him “anti-business” has an awfully short memory. “It was just three or four months ago when, at great political expense, we yanked them out of the fire,” he tells BusinessWeek in a lengthy interview. And of Chrysler and General Motors bondholders, “... More »

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Barack Obama • Chrysler • taxes • General Motors • bailout • interview • President Obama • economic policies • anti-business

 Resurgent Ford Has 
 High Hopes for Taurus 

Automaker's financial independence has improved its image with consumers

Jul 28, 09 5:23 PM CDT
(Newser) - Ford is hoping to use the imminent launch of the 2010 Taurus to cement its newly dominant position among Detroit’s Big Three, MSNBC reports. Ford’s position as the only major US automaker not receiving government aid has been translating into small but significant gains in market share as... More »

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General Motors • Detroit • automaker • Ford • Big Three • US automakers • Ford Taurus

(Newser) - A spending bill passed by the House last night includes a provision to reopen hundreds of Chrysler dealerships and prevent the closing of over 2,000 more planned by GM, the Detroit News reports. The measure, opposed by the White House, will force the automakers to give dealers targeted for... More »

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Chrysler • General Motors • House of Representatives • auto industry • car dealers • dealership • auto bailout

Rattner May Have Quit Over Pay-to-Play Settlement

New York AG targets ex-car czar's company

Jul 15, 09 8:30 AM CDT
(Newser) - Washington is dying to know why Steven Rattner quit after just months as President Obama’s car czar. One possible reason: New York Attorney General Andrew Cuomo is pushing for a legal settlement with his company for its part in a pay-to-play scandal surrounding the state’s pension fund, sources... More »

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New York • General Motors • Andrew Cuomo • pension funds • Obama administration • President Obama • pay to play • car czar • Steven Rattner

(Newser) - The crash of the US auto market has sped up the global auto industry's shift toward emerging markets, and no one is better poised to take advantage than the Chinese, the Wall Street Journal reports. Geely, one of the few Chinese auto firms that operate without a foreign partner, has... More »

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China • General Motors • Ford • Volvo • auto industry • Geely Automobile Holdings

(Newser) - Now he can fly on all the private planes he wants: Former General Motors CEO Rick Wagoner will collect an $8.2 million payout package, plus a $74,000 annual pension, reports the Detroit Free Press. If he chooses, the 56-year-old Wagoner also can cash out a company life insurance... More »

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pensions • General Motors • CEO • auto industry • Rick Wagoner

(Newser) - The man tabbed by President Obama to see General Motors and Chrysler through bankruptcy is leaving the post, the New York Times reports. Though Steven Rattner’s former investment firm is under investigation, it’s unclear if that affected his decision. Treasury Secretary Tim Geithner said today that, with both... More »

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Chrysler • bankruptcy • General Motors • auto industry • Obama administration • President Obama • Steven Rattner • Ron Bloom

UPDATED


 Done Deal: 
 GM Out of Bankruptcy 


Good assets go to US-backed firm

Jul 10, 09 8:26 AM CDT
(Newser) - As of 6:30 this morning, the new General Motors is on its way: The old firm sold its good assets to a new automaker backed by the government via a bankruptcy overhaul far speedier than experts expected, the New York Times reports. The new firm, Vehicle Acquisition Company, will... More »

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bankruptcy • General Motors • automaker • auto industry • US automakers

(Newser) - General Motors finds itself with a rare hot-selling car on its hands as it prepares to emerge from bankruptcy. The retro-styled 2010 Chevy Camaro, which taps into nostalgia for the company's muscle cars of the '60s, has been creating a buzz in GM showrooms around the country and is expected... More »

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General Motors • Chevrolet • auto industry • Camaro

ANALYSIS

How Taxpayers Can Profit From the New GM

A change in the automotive paradigm would be worth more than any dividend

Jul 9, 09 8:47 PM CDT
(Newser) - Tomorrow will see the death—and rebirth—of General Motors. And with the government taking a 60% stake, it's reasonable to wonder whether taxpayers will ever see a return on their investment, writes Matthew DeBord for the Big Money on Slate. But the focus on money might be "short-sighted,... More »

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General Motors • Treasury Department • Prius • electric cars • taxpayers • Hummer • Obama administration • gasoline

 Court Clears Path 
 to 'New' GM 

Court ordered stay on asset sale expires

Jul 9, 09 1:55 PM CDT
(Newser) - General Motors is set to complete its bankruptcy reorganization, the Detroit Free Press reports. The sale of certain GM divisions to the “new” GM—largely owned by the US Treasury—is expected to happen tomorrow, at the expiration of a holding period for opponents of the deal to make... More »

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bankruptcy • General Motors • Detroit • auto industry • Big Three • bankruptcy protection • bankruptcy reorganization

 Judge Greenlights 
 GM Asset Sale 

Firm will transform into leaner car maker owned by US, Canada, UAW

Jul 6, 09 1:44 AM CDT
(Newser) - GM has won approval for a restructuring plan in which the car maker will sell its most valuable assets to a new firm—also called GM—owned by the US and Canadian governments and a UAW health care trust, the New York Times reports. Judge Robert Gerber agreed with GM... More »

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bankruptcy • General Motors • automaker • restructuring • auto industry • car dealers • automobile

(Newser) - A rare sentiment emerged from the auto industry today: cautious optimism. New sales figures show that Americans bought 860,000 vehicles in June, the Wall Street Journal reports. That's down 28% from last year, but it's also the smallest monthly sales drop of the year. Ford and Toyota both declared... More »

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Chrysler • Toyota • General Motors • auto industry • auto sales • Ford Motor Co.

(Newser) - Recession be damned, desire for the 2010 Chevrolet Camaro far outstrips supply—and some dealers are even charging a premium for the sporty new ride, USA Today reports. “Our current production schedule can’t meet the demand,” a General Motors spokesman said. But “that supply-demand tension is... More »

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General Motors • recession • model • Chevrolet • auto industry • supply and demand • cars • automobile • Camaro • Ford Mustang

(Newser) - Saturn dealerships around the country have been using the brand’s planned acquisition by Roger Penske to attract customers, the Wall Street Journal reports. "People want to buy from someone they like," said the owner of a Saturn dealership in Wichita. But dealership owners nationwide have since received... More »

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General Motors • acquisition • Saturn • auto industry • car dealers • Roger Penske • customer loyalty

(Newser) - General Motors had hoped to emerge from bankruptcy with a protective coating against future product-liability suits. No such luck, reports the Wall Street Journal. Bowing to government pressure, GM has agreed to change its bankruptcy terms, allowing drivers injured in accidents that stem from vehicle defects to sue the company,... More »

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bankruptcy • General Motors • product liability • auto bailout

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