bailout

Chrysler, GM Loans Include U.S. Production Goals; GAO Worried About GM
Chrysler, GM Loans Include U.S. Production Goals; GAO Worried About GM

Yesterday's headlines may have centered on Ford's new-found profitability, but Chrysler and GM are working toward the black ink, too. General Motors in particular has high hopes for the future, but the federal government is slightly concerned that GM may be rushing its game plan and setting itself...Read More»

Fritz Henderson, GM CEO
Fritz Henderson Loses $310,000, Calls It 'Fair'

The Treasury Department made headlines last week when it announced that bigwigs at bailed-out companies would be taking some sizable pay cuts. From banks to auto companies, many of those affected by the plan have remained silent, but General Motors' Fritz Henderson has now admitted that it's the...Read More»

Ford May Post Third-Quarter Profit Next Week

It's no secret that Ford Motor Company has withstood the current financial storm far better than Chrysler and General Motors. Between its refreshed reputation as a manufacturer of quality vehicles and the fact that Ford was the only Detroit automaker to dodge both bankruptcy and bailout dough, the...Read More»

Rusty car [via oldrustycars.com]
For Automakers, Brand Loyalty Hits The Skids

Not so long ago, brand loyalty played a major role in keeping the auto industry healthy. Many of our parents bought vehicles from one particular manufacturer, and they often inherited such preferences from their own parents. Here in the U.S., brand perception was frequently rooted in national...Read More»

U.S. Capitol
Bailout Update: GM, Chrysler Dealers Edge Toward Resolution

To say that the federal government's bailout of Chrysler and General Motors has been contentious is a little like saying that the Bugatti Veyron is kinda fast -- an understatement at best, cause for a righteous uproar at worst. But roughly a year since the Big Three began wooing Washington, the...Read More»

U.S. Capitol at dusk
Study: Billions In Industry Bailout Funds Won't Be Repaid

In a result that surprises no one but ought to shock us all, a congressional panel has released findings that tens of billions of dollars of the U.S. government's bailout of the auto industry won't be repaid. The report, undertaken by the Congressional Oversight Panel, says that about $5.4 billion...Read More»

Chevrolet dealership
NADA Brokering Deal To Reinstate Some Chrysler, GM Dealers

Not so long ago, congress considered forcing Chrysler and General Motors to reinstate dealers eliminated from their networks during their respective restructurings. Today, those legislative efforts may have stalled, but the National Automobile Dealers Association is pushing hard to address the...Read More»

GM Logo
GM Begins Pulling Logo From Vehicles

We've all heard manufacturers accused of 'greenwashing' their cars to make them seem more eco-friendly, but now it looks like General Motors may be attempting a good, old-fashioned whitewash. Starting with the 2010 model year, GM will be pulling the GM corporate logos from all of its cars and...Read More»

GM Logo
Buyer Beware: Right Now, GM Stock Isn't the GM Stock You Want

Proving once again that greed and idiocy often go hand in hand, federal regulators have revealed that investors are still plowing money into General Motors stock--the only problem being that the General Motors in which they're investing is technically Motors Liquidation Company, aka "Bad GM". What...Read More»

Alan Taub, General Motors head of Research and Development
GM's New Research Head: Our Five Favorite Quotes (Plus Bonus)

On October 1, Alan Taub will become VP of Research and Development at General Motors. It's a big job, not to mention that the company's historically independent R+D group was just made part of the Product Development group as GM starts to emerge from its recent bankruptcy with the aid of...Read More»

U.S. Capitol
Consumer Groups Lobby For Liability Warnings on Chrysler Vehicles

The United States Federal Trade Commission has received a petition from consumer organizations worried about Chrysler vehicles manufactured prior to April 30, 2009, when the company entered bankruptcy court. Specifically the organizations are concerned about Chrysler Group (aka "New Chrysler") and...Read More»

Wagoner
GM's Rick Wagoner Gets $8.6 Million Consolation Prize

Good news: former General Motors CEO Rick Wagoner has finally been given a retirement package. Bad news (for Rick): it's about a third of what he was hoping for. When the Obama administration's auto industry task force booted Wagoner from his position at General Motors last March, details of his...Read More»

Steve Rattner, via the New York Times
Steve Rattner Surrenders 'Car Czar' Crown

Just a few months into his tenure as President Obama's "cars czar", Steve Rattner has resigned from the federal auto industry task force. Little detail has been given about the step-down, which, in its Palin-esque way, seems to have taken many by surprise. Treasury Secretary Timothy Geithner made...Read More»

2009 Pontiac G8
Lutz Saves Pontiac G8; Chrysler Gives Lutz's Dodge Viper A Reprieve

What once was old is new again -- and we're not just talking about GM's beloved Bob Lutz, who was lured out of retirement on Friday  to serve as the company's "vice chairman responsible for all creative elements of products and customer relationships". No, we're also referring to the Pontiac G8...Read More»

Bob Lutz and the Chevrolet Volt
Bob's Back: Lutz Returns To GM For PR & Development Duties

Just when Bob Lutz thought he was out, they pulled him back in. As a key element of its massive restructuring endeavor, the new General Motors Company asked the former Vice-Chairman of Global Product Development for General Motors Corporation to return to his desk pronto, and Lutz has agreed. The...Read More»

GM Logo
General Motors Corporation Has Become...General Motors Company

Forget what you knew about GM. The lumbering entity known as General Motors Corporation is gone, and today, its surviving staff and assets have been reborn as the lighter, more nimble General Motors Company. To be sure, GM isn't entirely out of the woods--not yet. Among the obstacles that the...Read More»

U.S. Capitol
Disenfranchised Dealers Battle Chrysler, GM In D.C.

The U.S. House of Representatives is considering not one, but two bills that would provide legal remedies to the 2,100 dealers cut from the Chrysler and GM networks during each company's recent restructuring. Although the text of those bills hasn't filtered into the congressional database just yet...Read More»

China 3
GM Expects 20% Growth In 2009 Sales. In China.

Here in America, General Motors is facing tough times: bankruptcy hearings, tricky brand sell-offs, and a thoroughly unpleasant sales slump. Across the Pacific, however, the General is faring much better. In fact, GM's go-to guy in China, Kevin Wale, predicts the company will see a 20% growth in...Read More»

Judge Robert Gerber
GM Bankruptcy Opponents Get No Love In Court

On Monday, we told you that Judge Robert Gerber had given General Motors the OK to sell off its bad assets and lump the good ones into a new company. When he announced that decision on Sunday evening, Gerber instituted a four-day stay on the ruling to give plaintiffs time to file appeals. So far...Read More»

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