$4.5 billion of Delphi’s GM work up for grabs April 17, 2006
General Motors could shift up to $4.5 billion in contracts from Delphi Corp. to competitors. As Delphi leaves several major lines of business as part of its U.S.
Saturn hunts for new plan to replace Ion
General Motors has canceled the vehicle that was supposed to replace the Saturn Ion and is urgently seeking an alternative.
G.M. Vice Chairman Rebuffs Critics of Turnaround April 13, 2006
Robert A. Lutz offered the company’s bluntest rebuff yet of critics who say a turnaround at the ailing automaker is failing to gain steam. Read more
G.M. Plans to Sell Its 7.9% Stake in Isuzu April 12, 2006
It is the third time since October that G.M. has sold off a stake in a Japanese auto concern, dissolving equity partnerships built up over more than three decades. Read more
Andersson: GM will seek suppliers if Delphi leaves segments April 11, 2006
General Motors is wasting no time shifting parts production from Delphi Corp. to other suppliers if Delphi intends to exit the segment. The automaker has moved from Delphi to Siemens VDO Corp. Read more
GM dealers back Wagoner with ad April 7, 2006
General Motors’ dealers are standing behind CEO Rick Wagoner. “Rick Wagoner is leading the best management team at GM since Alfred Sloan,” reads the text in a full-page advertisement in the Friday edition of The Wall Street Journal. Read more
GM sells majority share in GMAC for $14 billion April 4, 2006
Troubled US auto titan General Motors has secured a deal to revitalize its cash low by selling off a controlling share of its only profitable division, GMAC. Read more
G.M. Board Gives Chief Some Time
In announcing a deal to sell a majority stake in its financing arm, the board also expressed support for its embattled chief executive. Read more
U.S. Vehicle Sales Fall 2.9%, Dragged Down by G.M.
A sharp drop at General Motors helped push down auto sales nationwide in March, despite pitches from American carmakers for consumers to take advantage of the latest deals. Read more
Wagoner gets vote of confidence from GM board April 3, 2006
Amid the rumbles on Wall Street questioning the ability of General Motors Chairman and CEO Rick Wagoner to do the job, GM’s board of directors made an unusual move Sunday. The board granted him a vote of confidence during a special board meeting. Read more
« newer posts | older posts »