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It is a rare day when a major company can announce a quarterly loss of over a billion dollars and have it regarded as good news, but General Motors (GM) managed to pull it off.
General Motors will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the U.S. carmaker said it remains confident Berlin will soften its current stance.
General Motors Co. and its main Chinese partner are teaming up on a venture to sell vehicles in India, uniting in the two fastest-growing car markets in a deal that reflects GM's reduced status as a global automaker. As part of the deal, GM gave majority... General Motors - India - Automotive industry - Automobile - GM
(Detroit, MI) -- General Motors Chief Executive Officer Fritz Henderson is resigning. Henderson took over the automaker as it went through Chapter 11 bankruptcy earlier this year.
DETROIT – General Motors' CEO Frederick "Fritz" Henderson has resigned after eight turbulent months as head of the largest U.S. automaker. The company said Tuesday that Chairman Ed Whitacre Jr. will serve as interim CEO. The company plans an international search for a new president and chief executive.
Believers and skeptics of General Motors Co.'s and Chrysler Group's government-backed rescues can agree: Both companies are better off today than a year ago.
Revved: Ford unveils new Mustang to compete with the new Camaro. Is this 2009 or 1969? Stalled: Fritz Henderson removed as General Motors CEO. The former U-M pitcher doesn't get to go the distance.
GM insiders and news reports confirmed this morning that employees at the beleaguered automaker will listen in to a 9 am (Eastern) conference call in which further management shakeups will be revealed. The news follows the surprise Tuesday resignation of CEO Fritz Henderson, which was announced by GM board chairman Ed Whitacre in a conference ..
Ask people in Washington or on Wall Street who they want to see running General Motors Co. and the answer is the same: another Alan Mulally. Without any experience in the auto industry, he ended Ford's decade-long decline in U.S. market share, changed its notoriously careerist corporate culture and secured enough financing to allow it to weather the economic crisis without resorting to a ...
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Dec. 5 (Bloomberg) -- Nick Reilly , president of General Motors Co. ’s GM Europe unit, said the restructuring of the company’s Opel division is nearly complete and that he expects about 8,300 jobs to be eliminated.
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