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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: General Motors

General Motors stories: 457 news summaries

41 - 60 of 457 Stories | << Prev 1 2 3 4 5 6 7 ... 23 Next >>

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China Won't Allow Hummer Sale: Report

Country KOs GM deal with manufacturer over environmental worries

Jun 26, 09 1:05 PM CDT
(Newser) - Beijing will halt GM’s sale of the Hummer brand to a Chinese machinery firm over pollution concerns, according to Chinese state radio. The purchase would run counter to the government’s goal of reducing pollution caused by manufacturing, the BBC reports. The Chinese firm shrugged off the report. “... More »

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China • environment • pollution • General Motors • automaker • Big Three • US automakers • sale • industrial pollution • Hummer • Sichuan Tengzhong Heavy Industrial Machinery Company

(Newser) - Though opinions of the government vary, most Americans continue to have a favorable view of President Obama, Fox News reports. In a new poll, 62% of respondents approve of the job Obama is doing; 31% disapprove. 64% like the president as a person. But on the administration’s takeover of... More »

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General Motors • recession • approval ratings • opinion polls • Obama administration • President Obama • auto bailout

GM-Owning Feds Buy
Rival Fords

General Services Administration spends $129M on competition

Jun 11, 09 5:30 AM CDT
(Newser) - The federal government isn't letting its stake in General Motors and Chrysler stop it from doing business with rivals, the New York Times reports. Ford, the only one of the Big Three not to receive bailout funds, won the biggest order in the General Services Administration's recent stimulus-funded $287 million... More »

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Chrysler • General Motors • fuel efficiency • Ford • economic stimulus package • General Services Administration • auto bailout

 Done Deal: Fiat Buys 
 Chrysler Assets 

Administration triumphs as bankruptcy effectively ends

Jun 10, 09 10:31 AM CDT
(Newser) - Chrysler finalized its sale of assets to Fiat with a government wire transfer this morning that gave Chrysler $6.6 billion in funds to exit bankruptcy, the New York Times reports. The sale is good news for the Obama administration, which sought an “efficient” restructuring for Chrysler. It may... More »

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Chrysler • bankruptcy • General Motors • Detroit • automaker • auto industry • Big Three • wire transfer • Fiat • Obama administration

 As Dealers Dwindle, 
 Car Prices Set to Balloon 

Lack of competition expected to drive up GM, Chrysler's prices

Jun 8, 09 2:05 PM CDT
(Newser) - The shake-up of America's auto industry will mean fewer auto dealers but the streamlining won't be making the cars any cheaper, experts tell the Boston Globe. Chrysler and General Motors are likely to turn to the Japanese model of fewer brands and fewer dealers when they emerge from bankruptcy, and... More »

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Chrysler • General Motors • auto industry • car dealers • dealership

ANALYSIS

GM's Car of the Future Sparks Doubt in the Present

Even top exec fears hybrid will fail to herald new start for automaker

Jun 7, 09 12:19 PM CDT
(Newser) - Success has many fathers, and for the forthcoming Chevrolet Volt, paternity claims could stretch from Detroit to Washington. But if the GM hybrid turns out to be an orphan, it could be because many of its backers, including a top GM exec, are ambivalent about its potential to rejigger the... More »

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General Motors • fuel efficiency • Toyota Prius • hybrid car • Chevrolet Volt • cars

analysis

 Penske Can Make Saturn Work 


Jun 6, 09 3:36 PM CDT
(Newser) - Roger Penske could be just what the mechanic ordered for Saturn, analysts tell the Detroit News. By leaving the manufacturing work to others—initially GM and then, for a time, foreign automakers—Saturn's new buyer will be able to focus on sales and marketing and avoid the pitfalls GM... More »

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General Motors • mergers and acquisitions • Saturn • auto industry • Roger Penske

(Newser) - Roger Penske, the racecar driver turned business tycoon, will buy the Saturn brand and dealer network from GM. The deal will save 350-plus dealerships and some 13,000 jobs if it goes through, the bankrupt parent company said in confirming the tentative agreement. The price is between $100 million and... More »

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bankruptcy • General Motors • Saturn • auto industry • Big Three • Roger Penske

Analysis

 Hummer Deal Will Make Beijing Crazy 


Jun 3, 09 9:28 AM CDT
(Newser) - The news that an obscure Chinese heavy equipment manufacturer is probably making government officials pull their hair out in frustration, writes Andrew Peaple of the Wall Street Journal. “Beijing is keen for Chinese companies to expand overseas,” he allows. “But they’re also hoping for some... More »

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China • General Motors • mergers and acquisitions • Hummer • Sichuan Tengzhong Heavy Industrial Machinery Company

OPINION


 Make Romney 
 the Head of GM 

Former Mass. governor could turn around automaker, says Bennet

Jun 3, 09 7:40 AM CDT
(Newser) - Barack Obama wants to "take a hands-off approach" with General Motors, but as James Bennet writes in the Atlantic, there's no way to get the bankrupt automaker back into shape "without getting under the hood." GM needs someone who can "bring the hammer down" on its... More »

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Mitt Romney • Barack Obama • bankruptcy • General Motors • Detroit • automaker • auto industry

 US Automakers See 
 Sales Increase in May  

Ford, GM have best month of 2009

Jun 2, 09 4:46 PM CDT
(Newser) - Some actual good news for the auto industry: All three US automakers saw sales of new cars jump from April to May, reports the New York Times. Granted, sales are still way down compared to last year, but the month-to-month leap offers a glimmer of hope among the bankruptcy headlines.... More »

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Chrysler • Toyota • General Motors • Detroit • Honda • Nissan • Ford • auto industry • auto sales

UPDATED

 Chinese Machinery 
 Firm to Buy Hummer 

Company aims to become carmaker

Jun 2, 09 12:44 PM CDT
(Newser) - After General Motors announced a plan to sell the brand, the identity of Hummer’s buyer has emerged: It’s a Chinese machinery firm that aims to become an automaker, an insider tells the New York Times. GM’s deal with the Sichuan Tengzhong Heavy Industrial Machinery Company was subject... More »

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China • General Motors • Hummer • Sichuan Tengzhong Heavy Industrial Machinery Company

 GM Strikes Hummer Deal 

Buyer, price not disclosed

Jun 2, 09 7:21 AM CDT
(Newser) - General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser... More »

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General Motors • acquisition • auto industry • alternative fuels • sale • Hummer

ANALYSIS

 Vehicles That Drove 
 GM to Bankruptcy 


Jun 1, 09 5:45 PM CDT
(Newser) - With the move finally official, Matt Hardigree, for Jalopnik, lists the 10 vehicles that bankrupted General Motors:
  • Chevrolet SSR: “Meant to capture the imagination of buyers. Unfortunately, few buyers were imagining an expensive, gas-guzzling convertible truck that …was basically unusable as a truck."
  • Saturn
... More »

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bankruptcy • General Motors • Saturn • Saab • Subaru • Chevrolet SSR • Hummer H2 • Cadillac Escalade EXT

MARKETS

 Dow Jumps 221 on GM Filing 


Jun 1, 09 3:12 PM CDT
(Newser) - Stocks surged today on positive data about personal income, manufacturing, and the long-awaited announcement of General Motors’ bankruptcy. “There is a positive, relief reaction to this filing,” one analyst told the Wall Street Journal. “It’s been hanging over all of our heads.” Energy and construction... More »

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stock market • NASDAQ • New York Stock Exchange • Dow Jones • General Motors • manufacturing • S&P 500

OPINION

 Michael Moore: 
 9 Ways to Rise 
 From GM's Ashes 

Let's use their facilities to overhaul America's transit

Jun 1, 09 1:25 PM CDT
(Newser) - The end of General Motors is an opportunity for an America that now owns 60% of the company, writes Michael Moore. Let’s take advantage of the death of a firm that built poor cars, battled environmental rules, and shipped jobs away by using its facilities to implement a new... More »

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energy • environment • alternative energy • bankruptcy • General Motors • Michael Moore • public transportation • electric cars • hybrid car

(Newser) - President Obama heralded “the beginning of a new GM” today, explaining the administration’s plans for the bankrupt automaker. He also sought to reassure the public that he had “no interest” in running GM, despite the 60% stake the government will take in the company. “We are... More »

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Barack Obama • bankruptcy • General Motors • nationalization

OPINION Roundup

 Bracing for 'Obama Motors' 


Jun 1, 09 10:59 AM CDT
(Newser) - GM’s bankruptcy and semi-nationalization has everyone talking. Here’s what the papers are saying:
  • “Welcome to Obama Motors, and what is likely to be a long, expensive, and unhappy exercise in political car making,” writes the Wall Street Journal. The government seems incapable of hands-off
... More »

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Barack Obama • bankruptcy • General Motors • nationalization • auto industry • Obama administration

 Dow Boots GM, Citi; 
 Travelers, Cisco 
 Take Spots 

Overhauls drive firms
off Industrial Average,
says editor

Jun 1, 09 9:30 AM CDT
(Newser) - General Motors and Citigroup are losing their spots on the Dow Jones Industrial Average after GM filed for bankruptcy, MarketWatch reports. Replacing them are Cisco Systems and The Travelers Companies. “A bankruptcy filing immediately disqualifies a stock regardless of a company's history or its role as a cultural icon,... More »

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stock market • Citigroup • Dow Jones • General Motors • Cisco • financial crisis • The Travelers Companies

(AP) - In the wake of this morning's bankruptcy filing, GM will permanently close nine more plants and idle three others to trim production and labor costs, the AP reports. Assembly plants in Pontiac, Mich., and Wilmington, Del., will close this year; plants in Spring Hill, Tenn., and Orion, Mich., will shut... More »

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Florida • Boston • bankruptcy • General Motors • Ohio • Michigan • Virginia • Tennessee • Delaware • auto industry • Big Three

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