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General Motors (GM) Bond Deal Fails, Bankruptcy Looming
The next chapter in the history of General Motors Corp. (NYSE: GM) is likely to be about bankruptcy. And that would leave the U.S. and…
29May2009 | Money Morning | 0 comments | ContinuedMarket News: General Motors (GM), Sonia Sotomayor and Consumer Confidence Data
Consumer Confidence Leaps; Hong Kong Injects More Stimulus; Virgin Atlantic Sees Cloudy Skies; South Africa Enters Recession; Experts: Supreme Court Nominee Neutral on Business; Hedge…
27May2009 | Money Morning | 0 comments | ContinuedU.S. Automakers Confront Unforgiving, Permanently Smaller Market
General Motors Corp. (NYSE: GM) is closing in quickly on its June 1 deadline to finish overhauling its operations, or opt for Chapter 11 bankruptcy. Because…
26May2009 | Money Morning | 0 comments | ContinuedWith Government Deadline Looming, GM and Chrysler Pull $5.5 Billion in TARP Funds
The Obama administration said yesterday (Tuesday) that it will provide General Motors Corp. (GM) and Chrysler LLC an additional $5.5 billion in working capital from the…
22Apr2009 | Money Morning | 0 comments | ContinuedGlobal Investing News: Bank of America (BAC), China Mobile (CHN), General Motors (GM), UBS AG (UBS), American International Group (AIG) and Eli Lilly & Co. (LLY)
BofA 1Q Profit Doubles; China Mobile Misses Estimates; GM Cutting 1,400 Salary Positions; UBS Selling Brazilian Unit; AIG Gets More Fed Funding; Leading Economic Indicators Fall More Than Forecast;…
21Apr2009 | Money Morning | 0 comments | ContinuedGlobal Investing News: Oppenheimer (OPY), Alcoa (AA), General Motors (GM), Citigroup (C), etc.
Analyst: BofA Needs More Equity; Chrysler Working Fast on Fiat Alliance; India Stocks Near Six-Month High; Alcoa Posts Loss, Cuts Costs; SEC Approves Uptick Rule Proposals;…
9Apr2009 | Money Morning | 0 comments | ContinuedGM, Peugeot CEOs Now Jobless
The Obama administration will give General Motors Corp. (GM) enough aid to restructure over the next two months – requiring Chief Executive Officer G. Richard…
30Mar2009 | Money Morning | 0 comments | ContinuedAuto Bailout: If You Thought it Was Ridiculous Before
To be honest, I figured General Motors would be in bankruptcy by now. With a monthly burn rate estimated to be between $2 billion and…
24Feb2009 | Q1 Publishing | 0 comments | ContinuedGMAC Loosens Credit Reins After $6 Billion Treasury Loan
The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM), in the latest government…
31Dec2008 | Money Morning | 0 comments | ContinuedGMAC: A Sign of the Times
WASHINGTON — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors…
31Dec2008 | Oxbury Research | 0 comments | ContinuedBuy, Sell or Hold Insight: GM Remains a High Risk Profit Play, Even as it Files its Turnaround Plan Today
With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (GM), Ford Motor…
2Dec2008 | Money Morning | 0 comments | ContinuedThe Biggest Problem Detroit’s Big Three are Facing
By Andrew Mickey, Q1 Publishing
“Buy One, Get One Free” – That was the offer last week in the United Kingdom. But the two-for-one sale wasn’t…
17Nov2008 | Q1 Publishing | 0 comments | ContinuedStocks open lower as investors refocus on economy
By JOE BEL BRUNO and SARA LEPRO
AP Business Writer
(AP:NEW YORK) Investors digested more downbeat economic news Friday and cashed in some of their gains from the…
14Nov2008 | INO | 0 comments | ContinuedGlobal Investing Roundups
DHL Withdraws From U.S.; China ‘Stimulates’ Railway and Steel Industries; YouTube to Show Full-Length Flicks; McDonald’s October Sales Solid; DB Analysts Says GM Stock Worthless;…
11Nov2008 | Money Morning | 0 comments | ContinuedGM Announces Second Round of Cost Cuts in Six Weeks as U.S. Economy Continues to Slump
General Motors Corp. (GM) yesterday (Tuesday) announced a series of cost-saving measures aimed at fighting waning domestic sales fueled by a weak U.S. economy and the soaring…
16Jul2008 | Money Morning | Comments Off | ContinuedGM Tries to Reverse Course, but Can it Catch Toyota?
It has taken three straight years of declining profit for General Motors Corp. (GM) to realize it is no longer on the cutting edge of…
4Jun2008 | Money Morning | Comments Off | Continued
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