Gm

GMAC CEO Alvaro de Molina Steps Down

AP | DAN STRUMPF | Posted 11.17.2009 | Business


NEW YORK — GMAC Financial Services says Alvaro de Molina has stepped down as CEO, a surprise departure that comes as the troubled auto lender re...

GM To Begin Repaying Aid By Year-End

AP | KEN THOMAS | Posted 11.16.2009 | 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...

Ford, GM, IBM and China: A Match Made in the Han Dynasty

John Wagner Givens | Posted 11.17.2009 | World


John Wagner Givens

For cultural and historical reasons, China has relatively less experience in brand building, so the US currently seems to have a comparative advantage in internationally known brands.

Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers

bloomberg.com | Robert Schmidt | Posted 11.12.2009 | Business


Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...

GM & Opel Unit: Anger And Confusion Over GM's Decision Not To Sell European Operation

AP | GEIR MOULSON | Posted 11.05.2009 | Business

Read More: Gm, Business News

BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, as...

7 Huge Corporations That Have Seen Their Valuations Plummet (PHOTOS)

Posted 11.03.2009 | Business


A little more than a year after the financial crisis took hold, most of our 401Ks are still reeling. Since its peak in 2007, the Dow Jones Index is do...

Ford Workers Reject Contract changes

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 10.31.2009 | Business


DETROIT — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving...

Slicing and Dicing at GM and Chrysler

James P. Hoffa | Posted 10.31.2009 | Business


James P. Hoffa

When it comes to carhaul drivers, automakers are failing to meet their end of the bailout bargain and taxpayers should hold them accountable.

Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business


WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

Money Doesn't Buy Reliability

Scott Burgess | Posted 10.28.2009 | Business


Scott Burgess

An interesting tidbit came out of a recent Consumer Reports study: The more money a consumer spends on a car does not translate into a more reliable vehicle.

Reva: Electric Car's Future May Be In The Hands Of Small Indian Company

New York Times | VIKAS BAJAJ | Posted 10.28.2009 | Business


What is indisputable is that as the whole automotive world seems to be racing suddenly toward the age of electricity, the Reva Electric Car Company is...

Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business


Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...

GMAC Asks For $2.8 Billion More In Taxpayer Money

Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 10.28.2009 | Business


The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...

Obama Strikes Back -- First Year Agenda, Phase III

Michael B. Laskoff | Posted 10.30.2009 | Politics


Michael B. Laskoff

Phase III: Obama Strikes Back. The Republicans are still leaderless and teabaggers have hung up their Lipton for the winter. Meanwhile, two-thirds of Americans still want health care reform.

Growing Up In Detroit: Community Organizing With Mostaccioli

Nancy Cronk | Posted 10.16.2009 | Living


Nancy Cronk

Raising a big family was tough for my parents. Feeding eleven people on an auto-workers income meant everything my parents did required effort and creativity.

Medicare: Is America the Next GM?

A. Haag Sherman | Posted 10.14.2009 | Politics


A. Haag Sherman

By re-sizing our Medicare system to one we can afford, America can avoid the fate of GM and maintain its competitive position for decades to come.

Capitalism: A Propaganda Hate Film

Michael Shermer | Posted 10.12.2009 | Politics


Michael Shermer

In Michael Moore's worldview, a goodly portion of the American people are ignorant, uneducated, clueless pinheads too stupid to realize the fundamental principle of a loan.

GM Hummer Sale Finalized: Brand Bought By Chinese Firm

AP | TOM KRISHER | Posted 10.09.2009 | Business


DETROIT — Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment ...

Hey, Who Doesn't Want to Be a Millionaire?

Joel Epstein | Posted 10.09.2009 | Business


Joel Epstein

According to a recent report the number of millionaire households around the world fell from around 11 million in 2007 to 9 million last year. The only region going the other way -- Latin America.

Michael Moore's Grapes of Wrath

Dan Siegel | Posted 10.06.2009 | Entertainment


Dan Siegel

With the glimmering hope of the Obama campaign behind us, Moore's film is a wake-up call to renew and expand America's democratic promise.

Penske Saturn Deal Falls Apart: GM To Shut Down Brand

AP | KIMBERLY S. JOHNSON | Posted 09.30.2009 | Business


DETROIT — General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire ...

GM Recalls About 2,400 Workers

AP | TOM KRISHER | Posted 11.22.2009 | Business


DETROIT — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and...

Moore: GM Banned Me From Premiere

Click On Detroit | Posted 11.21.2009 | Entertainment


DETROIT -- Controversial Michigan filmmaker Michael Moore was escorted out of the General Motors headquarters building in Detroit 20 years ago while f...

Elizabeth Warren: Why Was Detroit Bailout Treated Differently Than Wall Street Bailout?

The Huffington Post | Posted 11.13.2009 | Business


When poor lending practices brought the world's biggest banks and AIG to their knees, Washington delivered hundreds of billions in financial lifelines...

GM Forget the Guarantee, Fight for Clean Air.

Terry Gardner | Posted 11.12.2009 | Green


Terry Gardner

What good is a business's bottom line if we end up with air we can see and chew?