Result Page 72 for General motors news & latest pictures from ibtimes.com

CORRECTED: Icahn mulls another run at Delphi Corp: report

(Corrects paragraph 2 to make clear the judge did not block sale to Platinum Equity, and paragraph 6 to show that General Motors is providing funding to Delphi, not the U.S. Treasury)

Nearly all dealers agree to work with new GM: CEO

Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive said on Friday.

Union takes GM S.Africa to court over job losses

South Africa's National Union of Metal Workers (NUMSA) is taking the local arm of General Motors (GMSA) to court over job losses it says are linked to the parent company's financial woes, the union said on Thursday.

GM signs up over 95 percent of eligible dealers

More than 95 percent of eligible dealers at bankrupt General Motors Corp have signed on or verbally agreed to participate in the new company, Chief Executive Fritz Henderson said on Friday.

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Fiat closes Chrysler deal; new management team named

Fiat SpA closed its acquisition of Chrysler's strongest assets on Wednesday, a key step in the Italian carmaker's ambitious plan to create a global player to ride out the worldwide auto sales downturn.

Auto suppliers up as Chrysler sale closes

Shares of U.S. auto suppliers rose sharply on Wednesday as news that Italian automaker Fiat SpA had completed the purchase of Chrysler LLC's strongest assets erased fears that the U.S. car maker could face liquidation if the deal did not go through.

Supreme Court clears path for Chrysler sale

The U.S. Supreme Court on Tuesday cleared the way for the sale of Chrysler LLC to Italy's Fiat, while General Motors began to revamp its widely criticized board by naming former AT&T Inc chief executive Ed Whitacre as chairman.

Ex-AT&T CEO Whitacre to become new GM chairman

General Motors Corp on Tuesday took a step toward restructuring its widely criticized board by naming former AT&T Inc CEO Ed Whitacre to become chairman of the reorganized automaker when it emerges from bankruptcy under U.S. government oversight.

Ex-AT&T CEO to become chairman of restructured GM

General Motors Corp said on Tuesday that former chairman and chief executive of AT&T Inc Edward Whitacre will become chairman of the restructured automaker later this summer.

GM Vice Chairman blames media for hyping hybrids in U.S.

General Motor's Vice Chairman Bob Lutz says conventional cars are still what most people in the U.S. want while also criticizing the mainstream media for portraying demand for hybrid vehicles as being higher than the reality.

GM opens battery technology lab amid bankruptcy

General Motors officially opened an advanced battery laboratory in Michigan on Monday to speed up the development of cleaner and more energy efficient vehicles, the company said.

GM to halt medium-duty truck production

General Motors Corp , which filed for bankruptcy protection a week ago, said on Monday that it would cease production of medium-duty trucks by July 31 after attempts to sell the operation failed.

For U.S. auto sales, a long hangover awaits

The U.S. automobile industry had quite a party during the recent credit-infused economic boom, but the hangover could last for years to come.

GM deals Saturn to Penske

Penske Automotive Group, Inc – a U.S. auto retailer and franchiser - has reached a preliminary agreement to obtain the Saturn auto brand from bankrupt automaker General Motors Corp, the companies said Friday. Financial details were not disclosed.

GM reaches deal to sell Saturn to Penske

General Motors Corp has reached a preliminary agreement to sell its Saturn brand to Penske Automotive Group in a deal that could preserve more than 350 dealerships and 13,000 jobs, the companies said on Friday.

GM reaches deal to sell Saturn brand to Penske

Hummer buy seen a rocky road for obscure China firm

A little-known Chinese heavy machinery maker could face a bumpy road ahead in its quest to buy General Motors' Hummer brand, facing pitfalls ranging from regulatory to financing issues.

GM, Chrysler say dealer cuts key part of revival

Top executives of General Motors Corp and Chrysler LLC were pressed by angry U.S. senators on Wednesday to rethink plans to slash more than 2,300 dealerships as a key part of their restructuring.

GM, Chrysler say dealer cuts crucial for turnaround

The chief executives of General Motors Corp and Chrysler LLC told Congress on Wednesday that slashing dealer networks were crucial for saving their companies.

GM, Chrysler to face Senate scrutiny on dealers

General Motors Corp and Chrysler LLC, both bankrupt, will try on Wednesday to ease congressional concern, and in some cases anger, over their plans to slash more than 2,400 dealerships.

U.S. Car Sales Falls

U.S. car sales fell again in May, dropping 34% to 925,824 vehicles, but showed some signs of stabilization as Ford, General Motors and Toyota reported their highest monthly totals this year.

GM strikes Hummer deal with China machinery maker

General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese heavy machinery maker, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.

GM intervention by U.S. raises free trade questions

Two months ago President Obama stood with other Group of 20 nations' leaders in London and pledged not to introduce protectionist measures in the global economic crisis.

U.S. auto sales drop, but rays of stability seen

U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.

GM strikes Hummer deal with China's Tengzhong

General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese company, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.

U.S. Auto Sales in May in Figures

U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.