General Motors Has Glimpse of Hope in Bankruptcy Recovery

The November 16, 2009 Bloomberg Report Relays GM Glimpse of Good News   GENERAL MOTORS America’s largest automaker expressed $1.15 billion loss after its July 10 exit from a restructuring engineered by...

Magna purchase of Opel cancelled, GM shocks Germany

As part of General Motor's restructure plan, the troubled Auto Manufacturer had concluded a deal with Magna, a Canadian Company, to sell it's European assets, Opel and Vauxhall to Magna and Russia's Sherbank....

USA - Hummer leaves for China from USA - GM announces deal.

Another one of brands that was the pride of Americans is going to go from American hands. Hummer, once known as the king of SUVs is being sold by GM to Sichuan Tengzhong Heavy Industrial Machinery as per an...

GM Kills Saturn's Engine

General Motors (GM) has finally decided to stop production of its 24year old car brand Saturn. Announcing this on company's website GM CEO Fritz Henderson sounded disappointed. He said that the company...

GM to Sell Cars on eBay

General Motors Co. announced today that they will allow buyers to purchase cars from California Chevrolet, Buick, GMC, and Pontiac dealers through the eBay online marketplace. Two months after GM filed for...

The changing business paradigm and its impact on Indian SMEs

The changing business paradigm and its impact on Indian SMEs in 2010 It is not the fittest who will survive the change but those who are having the ability to adopt to change – Charles Darwin Understanding the...

GM Auction: Memories Sold at Closed Oshawa Truck Assembly Plant

Everything must go at the GM auction in Oshawa, Ontario.  The GM Oshawa Truck Assembly Plant in Canada was closed on May 14, 2009 as part of cost cutting measures at the struggling US automaker.  As part...

The NEW GM !

     Allll riiiigght!  America's heavyweight automaker has reentered the fray, "leaner and meaner", we hope!  At least, that's what's been reported by the Associated Press.  So,...

Retired auto workers have their say Pt.6

Frank Hammer: UAW leadership came to identify more with the companies than with workers and communities

Swedish Koenigsegg bought Saab

Swedish luxury car manufacturer Koenigsegg made a deal with US General Motors and bought Saab. While General Motors is failing to get any profit European Koenigsegg seems to grow bigger. According to Financial...

Obama Woos Doctors on Health Care Reform - Consider the VA

The New York Times is reporting on Today's speech to The American Medical Association (AMA) on Government Health Care Reform.  Many appear skeptical over the Government intervention on any front these...

Welcome to GM, Mr. Whitacre

A new day is dawning at GM and there's a new sheriff in town. I'm curious to see how this will play out. How will GM reinvent itself under Ed Whitacre's leadership? The article got this right: "Despite his aggressive dealmaking, he is known to be somewhat conservative when it...

It Will Take a Miracle for GM to Pay U.S. Back

I was impressed by What I Learned Today about the “bill of goods” that is being sold to the American taxpayer in the form of the government rescue of General Motors: $30.1 billion = 60 percent stake in New...

Ed Whitacre, Former CEO of AT&T, Named New GM Chairman

Edward Whitacre Jr., the former Chairman and CEO of AT&T, has been named the new chairman of General Motors Corp.Interim chairman Ken Kresa hailed the appointment as "a very auspicious beginning...to complete the reinvention of GM".General Motors Corp filed for Chapter 11...

GM Sells Saturn to Penske

General Motors (GM) is selling its Saturn brand to Penske Automotive Group. This means that 350 Saturn dealers can keep dealing Saturns. The details aren't entirely clear, but the deal is worth between $100 million...

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