General Motors (GM) cut’s auto plant ties with Toyota

General Motors has finally cut ties with Toyota on Monday; the two companies had been running an auto plant in northern California for 25 years. This move now means that there is an uncertain future for the plant, which employs more than 5,000 workers. Read more

After General Motors Bankruptcy: AT&T Exec Ed Whitacre

Former chairman and CEO of AT&T, Ed Whitacre Jr., has been picked to become the chairman of General Motors. Whitacre now has the tough job of leading GM out of bankruptcy, this is going to be a tough job, but the former Exec of AT&T is defiantly up for the job. Read more

GM Hummer sale could be blocked by Chinese regulators

It has been reported recently that General Motor’s planned sale of their Hummer brand to a Chinese truck maker could be blocked, as a result of regulators who are yet to give their approval of the deal. Read more

General Motor’s bankruptcy and global concern

On Monday, General Motors filed for chapter 11 bankruptcy protection, this has now prompted speculation about what the fate will be for the once giant automaker around the world. There is a concern on the operations of GM, and this has already been felt in Europe with its Opel and Vauxhall brands. Read more

GM: Hummer sold to China’s Sichuan Tengzhong

We reported yesterday that General Motors had sold its failing Hummer brand to a mystery buyer, well we can now tell you that GM have sold Hummer to China’s Sichuan Tengzhong. The company will now be offering one of these must have vehicles to the mega-rich, it seems that Sichuan Tengzhong do not care about how much gas the vehicles consumes. Read more

Delaware General Motors Plant Closing: end of an era

We have been hearing details on the closure of one of the oldest General Motors factory plants to date. The Boxwood Road plant has been running for 62 years and provided workers with well paid jobs and plenty of retirement options. That’s all set to change now with it’s closure planned within the next few months. Read more

General Motors and Hummer Sale: Who bought the brand?

We all like a bit of mystery and so do General Motors; we have just learned that somebody has bought the Hummer brand from GM but have yet to reveal who the mystery buyer is. We do not even know how much the troubled automaker got for the sale of Hummer. Read more

Senators to grill GM and Chrysler execs over dealerships closings

It has been revealed recently that Senators are planning to question chiefs of General Motors Corp and Chrysler LLC on Wednesday about the future of their dealerships, many of which are expected to close following their filing for bankruptcy. Read more

GM Plant Closings could help transmission plant outside Baltimore

Plants and dealerships have all been worried that they could appear on the new list from General Motors, but thankfully, a transmission plant outside Baltimore has been spared. GM had already announced a huge number of plant closures, but yesterday as the automaker filed for federal bankruptcy protection, they announced a new round of plant and dealer closures. Read more

GM Plant Closings: Full List

It’s been a busy day for General Motor Corp, with the 100-year-old automaker filing for bankruptcy protection today and the latest news of GM plant closings.

You can see a full list of GM plant closings here on GM news; they have a nice neat table that shows the list of impacted U.S. GM plants Read more

GM bankruptcy and your warranty

We reported in an earlier post that General Motors have now filed for bankruptcy, but millions of GM consumers are now asking what will happen to their warranty. This is certainly a good question, one that USA Today has been taking a close look at. Read more

General Motors bankruptcy and saving Opel from insolvency

Germany seem a lot happier now since the events that unfolded on Saturday, a new deal with Magna, General Motors and the U.S. government have helped to save Opel from the bankruptcy of GM, which they have since filed for today. Read more

GM News: More dealerships closing

General Motors had already announced that they were to close 1,124 dealers next year; however, GM looks set to announce more dealerships closing. The announcement coincides with the news that the troubled automaker filed for bankruptcy protection today. Read more

Confirmed: General Motors (GM) has filed for bankruptcy

We now have the news that we have all been waiting on, General Motors (NYSE:GM) have confirmed that they have filed for bankruptcy protection. This is a sad day for GM, as it has now marked the end of financial independence, the 100-year-old automaker was once a force in the auto industry, it was once the largest in the world. Read more

General Motors Corp bankruptcy filing planned for Monday

Plans have now been finalized between General Motors Corp (NYSE:GM) and the U.S. government for the troubled automaker to reorganize itself, as GM will file for Chapter 11 bankruptcy protection on Monday. The automaker is now facing an uncertain future, one that we will all be keeping an eye on. Read more

General Motors (GM) Bankruptcy: Tale of two legal processes

We will see a tale of two legal processes unfold next week when General Motors Corp. files for bankruptcy protection. One tale will be that the bankruptcy judge will be told that a new entity will emerge, the other is that GM creditors will argue for who will get company properties that the automaker no longer wants. Read more

General Motors (GM) Bankruptcy and Ramifications

More bad news for General Motors now as it has been revealed that the company are now closer than ever to being declared bankrupt. The news comes after GM failed to reach a positive conclusion with bondholders.

If the bankruptcy does go ahead though, it’s unclear as to what the ramifications may prove to be. A video report we have found here, explains some of this in more detail.

As seen in the video, one dealer believes that whether GM are declared bankrupt or not, it shouldn’t affect them too much. The only fear amongst some dealers is that the move could affect some payments along the way.

Watch the video in the link above and let us know what you think.

German Government: $2 billion for GM subsidiary Opel

It’s been revealed that the German government could lend $2 billion USD to General Motors subsidiary Opel. The finance minister has said that the money would help to keep carmaker Opel running, once an investor is found. Read more

After GM and Chrysler Dealerships Closing: The Road Ahead

The closing of GM and Chrysler dealerships and the impending bankruptcy filing would produce leaner automakers. There is a problem though, these companies will still have huge debt and will also damage their image. Read more

Losers in General Motors Corp. bankruptcy

A lawyer who represented Chrysler LLC’s dissident lenders has said that the biggest loser in the General Motors Corp. bankruptcy would not be Wall Street, but Main Street instead. It is no secret that GM is close to facing a possible bankruptcy filing on June 1. Read more

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