GENERAL MOTORS

The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.

Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.

General Motors Corp said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

General Motors has quietly roped off a bit of virtual real estate with an address similar to one used by Chrysler, that could serve as an information clearinghouse if GM seeks bankruptcy protection.

General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

General Motors Corp plans to drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.

General Motors Corp plans to eliminate up to 1,200 U.S. dealerships, which are expected to begin receiving notices from the embattled automaker as soon as Friday, a person familiar with the plan said.

General Motors Corp is expected to announce details of its U.S. dealer consolidation plans on Friday, just over two weeks before the automaker's deadline to complete a sweeping restructuring that could include bankruptcy.

Under the direction of the U.S. Treasury, General Motors Corp is close to a deal with the United Auto Workers that would cut its hourly labor costs by more than $1 billion a year, the Wall Street Journal said, citing people familiar with the matter.

General Motors Corp said on Thursday night it would most likely pursue the same legal strategy as Chrysler if it spirals into bankruptcy, while Chrysler unveiled details for slashing its dealer network.

Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms while rival Ford Motor Co assured investors it is on track to at least break even in 2011 without seeking any U.S. government aid.

Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms and is seeking permission from a U.S. bankruptcy court to terminate franchise agreements.

Ford Motor Co's restructuring is on track to bring a profit as soon as 2011, without the need for emergency government bridge loans, executives told stockholders on Thursday at the automaker's annual meeting.

It was relatively easy for the Obamastration to dispense with a band of rogue hedge funds that were worrying the impending Chrysler-Fiat alliance. Once the names of the holdout creditors were made public, their revolt was crushed by public opinion. They used to be so, so cool, but we all hate hedge funds now.

Chrysler LLC plans to shed 789 of its U.S. 3,200 dealerships, many located in the suburbs of major U.S. cities, it said in a bankruptcy court filing Thursday.

Wachovia Capital Markets upgraded Johnson Controls Inc to outperform, saying the auto parts maker was well positioned to generate strong earnings growth in 2010 and beyond.

Ford Motor Co executives face stockholders on Thursday to detail the automaker's plans to complete a turnaround without resorting to U.S. government help and steer clear of the industry collapse now swallowing rivals General Motors Corp and Chrysler.

General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said.

General Motors Corp and Chrysler plan to shed as many as 3,000 U.S. dealers, Reuters reported.