General Motors Co.'s top executive described July auto sales as weak compared with the same month last year, but said it's still early.
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GM CEO says July sales appear weaker than year ago (AP)
Posted by bummed 379 days ago (http://us.rd.yahoo.com)GM sale cleared, path opens to exit Chapter 11 (AP)
Posted by bummed 384 days ago (http://us.rd.yahoo.com)
The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. On Thursday, a judge's order allowing GM to sell most of its assets to a new company went into effect, despite a last-minute appeal by plaintiffs in a product liability case.
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GM to announce brand changes, restructuring moves (AP)
Posted by bummed 458 days ago (http://us.rd.yahoo.com)
The storied Pontiac brand is dead and more car factories and jobs are about to disappear -- the latest casualties of a massive restructuring plan that GM is counting on to help it stave off bankruptcy protection.
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GM, Chrysler race deadlines to hold off bankruptcy (AP)
Posted by bummed 484 days ago (http://us.rd.yahoo.com)
He doesn't know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., isn't waiting around to find out.
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White House questions viability of GM, Chrysler (AP)
Posted by bummed 485 days ago (http://us.rd.yahoo.com)
President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts, and demanded "painful concessions" from creditors, unions and others as their price for survival.
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GM CEO Wagoner to step down at White House request (AP)
Posted by bummed 486 days ago (http://us.rd.yahoo.com)
General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry.
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GM CEO Rick Wagoner to Step Down Immediately
Posted by bummed 486 days ago (http://www.foxnews.com)
The person asked not to be identified because Wagoner's plans have not been formally announced.
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