bankruptcy
2010 Detroit Auto Show: From The Outside Looking In
We don't use the word "I" very much in our writing at TCC, but this time, I suppose I'll have to: I'm going to give my take on the 2010 Detroit Auto Show from the vantage point of my office, which lies -- inconveniently -- about 1,000 miles to the south. What can I add to the discussion from here...
GM Gives The Feds An Early Holiday Gift: $140 Million
Just last week, General Motors announced plans to speed up repayment of billions in loans from the U.S. government. Technically, the company's fast-track, $1... November 25, 2009 by Richard Read 5
GM's Saab Saga: Back To The Drawing Board, Or Call It Quits?
General Motors fans were dealt a major blow yesterday when another of the company's brand sales collapsed -- this time, the sale of Swedish marque Saab to Koenigsegg Group... November 25, 2009 by Richard Read 1
McCain Hasn't Met Anyone Who Thinks Chrysler Will Survive
The first time John McCain ran for the U.S. presidency, his aggressive, occasionally angry style didn't sit well with voters. As we saw in 2008, he's managed to dial it down... November 16, 2009 by Richard Read 7
General Motors Announces Q3 Results, Speedy Loan Repayment
It's been a busy day for General Motors CEO Fritz Henderson. Not only did he reveal GM's third quarter financials, but he also announced the company's souped-up plan to repay... November 16, 2009 by Richard Read 2
Koenigsegg To Trim 81 Dealers From Saab Network
General Motors may be looking to expand its (formerly) shrinking U.S. network, but the soon-to-be owner of GM's orphaned Saab is sticking with a leaner, meaner game plan... November 13, 2009 by Richard Read 1
GM Adding New Dealerships, Frustrating Old Ones
When Chrysler and GM underwent restructuring earlier this year, they took the opportunity to thin out their dealer networks. As you might recall, that resulted in substantial... November 12, 2009 by Richard Read 10
GM Chairman Ed Whitacre And The Salary Cap Flap
General Motors chairman Ed Whitacre isn't much of a wallflower -- but then, no one earns a resume like his by staying quiet. In keeping with his outspoken personality... November 11, 2009 by Richard Read 4
Rumor: Jeep To Be The Only Chrysler Brand Sold Overseas
Tomorrow marks the big unveiling of Chrysler's five-year recovery plan. There's been a lot of speculation about the company's new strategy, and now comes a bit more: sources... November 3, 2009 by Richard Read
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... November 3, 2009 by Richard Read
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... October 29, 2009 by Richard Read
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... October 26, 2009 by Richard Read 9
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... September 24, 2009 by Richard Read
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... September 9, 2009 by Richard Read
GM Extends eBay Sales Program To September 30
When General Motors emerged from bankruptcy on July 10, the company's newly reinstalled PR man, Bob Lutz, made several important announcements. Among them: GM had begun... September 2, 2009 by Richard Read
GM Decides That Listening To Customers Is A Good Thing
General Motors may have emerged from bankruptcy relatively shiny and new, with industry favorite Bob Lutz leading its PR endeavors, but we have to admit that we're a little... August 28, 2009 by Richard Read 2
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