GM today suspended its dividend, slashed salaried staff and is considering selling assets to raise at leaast $15B. Gregg Lemos Stein, credit analyst at Standard & Poor's tallies the GM numbers.
A union official on Tuesday called the looming loss of a shift at General Motors' Oshawa, Ont., truck plant "devastating" news that will ripple through the industry. - CAW union local 222...
Once the Biggest automaker and employer in the world, GM is said to be in danger of going bankrupt. BNN interviews Dennis DesRosiers, president, Desrosiers Automotive Consultants; and Efram Levy,...
General Motors is likely to announce further production cuts and possible plant closures as early as next week. The AP's James Limbach reports. (Oct. 10)
General Motors Chairman and CEO Rick Wagoner announces GM's plans to restructure the company in order to adapt to a struggling U.S. economy, record high fuel prices and a weak auto market. (July 15)
GM, Ford and Chrysler sales are crushing out while the sales of Asian automakers are rising. Richard Cooper, vice-president, Canada, at JD Power & Associates comments on speculation that General...
General Motors Chairman and CEO Rick Wagoner announces GM's plans to restructure the company in order to adapt to a struggling U.S. economy, record high fuel prices and a weak auto market. (July 15)
