Daily News Channel
Ford, GM, Chrysler to update Midwest factories, add jobs Growing again after years of downsizing, General Motors and Chrysler announced more plans Thursday to renovate plants and restore Rust Belt jobs to build a new generation of cars. And Ford Motor earlier this week announced plans for investment and new jobs at four plants in […]
GM adding 600 jobs to Michigan plant General Motors will invest $190 million in a Lansing, Mich., auto plant, adding 600 new jobs, the city’s mayor said Wednesday. GM, the second-largest U.S. automaker, will invest the money in its Grand River Assembly Plant in Lansing, where more than 1,000 workers are already employed, Virg Bernero, […]
G.M.’s $4.3 Billion Loss Masks Progress The first detailed financial report from General Motors since its bankruptcy showed a company that has largely stanched the hemorrhaging in its day-to-day business, but is still cleaning up problems left over from its collapse last year. G.M. said Wednesday that it had positive cash flow of $1 billion […]
With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc
German Chancellor Angela Merkel’s race to save automaker Opel — and the jobs of its 25,000 employees in Germany — is beginning to look like a high-speed pileup that could cost her at the polls. To get talks with Opel owners General Motors back on track, Merkel is reportedly ready to abandon her previous plan to force GM to sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia’s Sberbank
On a steamy saturday afternoon just outside Shanghai, Zhang Yi is in a blessedly cool General Motors showroom, kicking the tires of the company’s newer models. He’s not there to beat the heat. He drives a small Volkswagen now and wants to upgrade
The Toyota-owned Fuji International Speedway circuit will stop hosting the Japanese Grand Prix from next year — the track operators have announced. Fuji Speedway hosted the Formula One race in 2007 and 2008
A U.S. federal judge in the GM bankruptcy case late Sunday approved the sale of the troubled automaker’s assets to a "new GM," court documents showed. Judge Robert Gerber, in giving his approval, said it “is the only available means to preserve the continuation of GM’s business.” Lawyers wrapped up their closing arguments in the bankruptcy case Thursday, giving Gerber the long holiday weekend to make his decision
At time when the U.S.
GM stock has been delisted, dumped from the Dow, and is pretty much worthless. But with government backing, as they say, even pigs can fly. Indeed, just days after filing for bankruptcy, General Motors Corp