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General Motors Co

Automaker CEO Suddenly Way Richer

Reuters | Posted 05.06.2012 | Business

By Deepa Seetharaman March 6 (Reuters) - Ford Motor Co Chief Executive Alan Mulally was awarded shares in the No. 2 U.S. automaker wh...

ICE COLD: GM Freezes Pension Plans For Salaried Workers

AP | JEFF KAROUB | Posted 04.16.2012 | Business

DETROIT — General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonu...

Chrysler Reports First Yearly Profit In More Than A Decade

AP | TOM KRISHER | Posted 04.02.2012 | Business

DETROIT — Higher sales of Jeeps and other new vehicles propelled Chrysler to its first annual net income since 1997, capping a pivotal turnaroun...

BMW Tops Mercedes As Most Popular Luxury Auto Brand

Posted 01.05.2012 | Business

BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advan...

Ford Workers Approve New Contract

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 12.19.2011 | Business

DETROIT — Ford Motor Co.'s U.S. factory workers have approved a new four-year labor contract that promises profit-sharing checks and billions in...

Chrysler, General Motors Report Big Sales Gains

Posted 12.03.2011 | Business

General Motors Co and Chrysler Group reported September U.S. auto sales gains of at least 20 percent, a sign that consumers have returned as vehic...

GM CEO 'Clearly' Concerned About Possibility Of U.S. Recession

Posted 11.21.2011 | Business

(Kazunori Takada) - Pent-up car demand in the United States and slowing, but still growing sales in China, should soften concerns about the abilit...

How America Saved Wall Street In Order To Sue It

Bloomberg | Jonathan Well | Posted 11.08.2011 | Business

The Vietnam War gave us the expression, “We had to destroy the village in order to save it.” The same kind of thinking might help explain the U.S....

Talks Between GM, Auto Workers Union Heat Up

Posted 11.08.2011 | Business

(Bernie Woodall and Deepa Seetharaman) - Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted t...

Verizon To Strikers: We Will Suspend Benefits At End Of Month

Bloomberg | Devin Banerjee | Posted 10.17.2011 | Business

Verizon Communications Inc. (VZ) told 45,000 striking workers that it will suspend certain benefits at the end of the month if they haven’t returned...

Hiring By The Auto Industry Might Drive U.S. Recovery: Survey

Posted 10.01.2011 | Business

(Clare Baldwin) - The auto industry could lead an economic recovery in the United States, according to a recent survey by audit, tax and advisory ...

Saab Admits To Not Having Enough Money To Pay Its Employees

Posted 08.23.2011 | Business

STOCKHOLM (AP) — Saab's owner said Thursday it doesn't have the money to pay employees' wages, deepening the financial crisis that is pushing the st...

Fiat, Chrysler Unions Forming 'Global Network'

Posted 08.23.2011 | Business

DETROIT (Bernie Woodall and Deepa Seetharaman) - Unions representing workers at Chrysler Group LLC and its Italian partner, Fiat SpA, are forming ...

U.S. Has 'Clear Path' To Selling Its Remaining General Motors Stake

Posted 08.22.2011 | Business

DETROIT - The Treasury has a "clear path" to selling its remaining stake in General Motors Co shares, a senior Obama administration official is ex...

Inside GM's Ambitious China Plans

AP | Posted 06.18.2011 | Business

SHANGHAI -- General Motors Co. said Monday it plans to double the number of cars it sells in China to 5 million by 2015. GM China President Kevin Wal...

Auto Union Grows For First Time In Years

Reuters | Posted 05.31.2011 | Business

DETROIT - United Auto Workers membership rose for the first time in six years in 2010, helped by a recovering U.S. auto industry and expanding to ...

Big Stock Offerings Next Week Could Boost Markets

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — In the world of new stock offerings, everything about next week is big: The number of deals, the amount of money expected to be rai...

GM Said to Repay Government $6.7 Billion Sooner Than Required

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amou...