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GM CEO Rick Wagoner Claims Bankruptcy = Liquidation

GM CEO Rick Wagoner Claims Bankruptcy = Liquidation

First GM was anti-bankruptcy because they said it would tarnish their image beyond repair. But this morning at a breakfast in D.C., CEO Rick Wagoner sounded the full Chapter 7 alarm. He claimed that filing for Chapter 11 bankruptcy protection would ultimately push the auto giant into liquidation... read more

March 17, 2009 by - 7
 
2011 Chevrolet Volt

Obama's Auto Task Force Drive Chevy Volt, Visit Ram Plant

Today members of President Obama's autos task force head to Detroit to scrutinize GM and Chrysler's viability plans. A test drive of the 2011 Chevrolet Volt and tour of the... read more March 9, 2009 by 5


 
Ladies and gentlemen, the Unknown Comic

Wall Street Journal Lets 'Person Familiar With The Matter' Do The Talking For GM

From time to time, journalists rely on anonymous sources, who, for whatever reason, prefer not to identify themselves to the public. And that's fine. But for the Wall Street... read more March 6, 2009 by 4


 
GM faces the reaper

GM Is Fearing Reaper, Barreling Toward Bankruptcy

Between lackluster sales, the sagging economy, and all that bailout mishegas, things are rough at General Motors. For weeks, we've been waiting for signs of improvement... read more March 5, 2009 by 7


 
2009 Saab 9-3 Convertible 2.0T

Saab's Bankruptcy Surprise: GM Scrambles

GM received another shock to its shaky operations last week when Saab suddenly and decisively filed for bankruptcy. Dealers were quickly invited to a phone-in conference, but... read more February 23, 2009 by 7


 
2011 Chevrolet Cruze

Detroit News Claims Chapter 11 "Must Be An Option" for GM

Today Detroit News columnist Daniel Howes dispenses with pretty grim predictions for General Motors based on cold, hard numbers. What was GM's "base case," a prediction of 12... read more January 16, 2009 by 0


 

 
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