General Motors Corp., burning cash as U.S. sales slide, is being pushed closer to bankruptcy as it waits to learn whether the auto industry will win a new round of government loans.
ATLANTA, Nov 17 - As the U.S. Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward...
* Investors may be reluctant to jump into GM again * Large fund firms have dramatically pared holdings BOSTON, June 1 - When carmaker General Motors Corp rolls off the lot as a retooled company,...
May 29 - General Motors Corp is heading toward bankruptcy after wrapping up a deal with the United Auto Workers union and a new debt exchange offer to its bondholders. A filing by the No....
NEW YORK, April 8 - A fund run by value manager O. Mason Hawkins that has held a significant amount of General Motors Corp bonds has reported a lower stake, according to a U.S. securities...
MEXICO CITY, Feb 4 - General Motors Corp will lay off 600 workers at its plant in northern Mexico due to slowing demand from the United States, a spokesman for the U.S. auto maker's Mexican...
Oct. 29, 2008 (China Knowledge) - Mitsubishi Motors Corp has reached an agreement with Mitsubishi Corp, Japan's largest general trading house, on establishing a joint venture (JV) in China, sources reported. The joint venture, equally...
OnStar, a subsidiary of U.S.-based auto giant General Motors Corp, Shanghai Automotive Industry Corp Group and Shanghai General Motors Corp Ltd on Oct. 29 launched a joint venture in Shanghai, OnStar's first venture outside of North America. The JV, called Shanghai OnStar Telematics Co Ltd, will be activated...
Chrysler Group LLC, the third largest car maker in the U.S., sold 1,042 vehicles in China last month, while its rivals like General Motors Corp and Ford Motor Co reported booming sales in the country, sources reported.The auto maker sold a total of 2,024 vehicles in the Asia Pacific region in September, 30% less...
SAIC Motor Corp Ltd<600104>, China's largest auto maker, is in talks to buy a stake in its partner General Motors Corp's India unit, a source with knowledge of the matter said on Friday, Reuters reported.The discussions between SAIC and GM were aimed at expanding their ties, including business opportunities...