GM, union clash as bankruptcy looms for auto giant
General Motors is sparring with its main union over plans to shut US plants and outsource production to Mexico and Asia as bankruptcy looms...
GM, Chrysler ask for more bailout money
General Motors and Chrysler have requested another 21.6 billion dollars in bailout funds, adding to the long list of pleas for help facing the...
GM's US sales plummet 49 percent
General Motors suffered a 49 percent year-to-year slump in US sales in January in a market driven by consumer fear of a deepening recession,...
GM, Chrysler set for more buyouts
General Motors sources said Monday the troubled auto giant is planning a new buyout program to further reduce the size of its blue-collar workforce. The...
GM received second portion of 9.4 billion loan
General Motors has received the second portion of a 9.4 billion dollar government loan, the Treasury department said in a document posted on its...
GM cuts 2,000 US jobs as production slashed
General Motors announced plans Monday to cut 2,000 jobs at two US plants as it slashes production in the wake of a sharp drop...
US Treasury finalizes 4-billion-dollar loan for GM
The US Treasury said it had finalized a 4-billion-dollar emergency loan for troubled General Motors, the biggest US automaker. The department "today finalized the loan...
GM, GMAC seek to jump-start car loans after bailout
Auto finance giant GMAC and its former parent General Motors unveiled plans Tuesday to expand lending to jump-start the sputtering auto sector a day...
GM 'highly confident' it can meet government bailout terms
General Motors is "highly confident" it can meet the financial viability test set forth in a government bailout package, the automaker's chief executive officer...
All options on the table for GM
Members of General Motors' board of directors are willing to consider "all options" for the ailing auto maker, including filing for bankruptcy protection, The...
