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A collection of news and information related to General Motors Corp. published by Tribune Company sources.
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More GM factory cuts expected next week
General Motors Corp. is likely to announce more production cuts and possible plant closings as early as next week amid slumping sales and stock-price collapse, a person with knowledge of the plans said Friday. The person, who did not want to be named...Tags: SUVs and Crossovers, Management Change, Vehicles
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Reports: Chrysler, GM discuss merger, acquisition
General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday. The Wall Street Journal, citing people it described as familiar with the discussions, said...Tags: Automotive Equipment, New York Times, Restructuring and Recapitalization, Newspapers, Chrysler LLC
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Ford, GM say companies won't file for bankruptcy
Rival automakers Ford Motor Co. and General Motors Corp. on Friday each ruled out filing for bankruptcy protection, a day after their shares plunged to record lows. GM shares have fallen near a 60-year low, and Ford shares to a 26-year low on fears the...Tags: Automotive Equipment, Financially Distressed Companies, Ford Motor Co., Bankruptcy, Financial Markets
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Mazda says no decision on sale of Ford's stake, reportedly being considered
AP Business WriterTOKYO (AP) _ Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal. Japanese media reported Saturday that Ford was considering selling its one-...Tags: Automotive Equipment, Mazda Motor Corp., Sales, Ford Motor Co.
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GM vows not to file for bankruptcy
General Motors Corp. shares again hit a new low Friday as financial turmoil and a weakening global auto market heightened worries that the automaker might be unable to pull out of its nosedive before it runs out of cash. The company's shares lost...Tags: Financially Distressed Companies, Sales, Stock Activities, Stocks, Vehicles
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Obama comments on Janesville GM plant
The news Friday night that General Motors is expected to speed up its plan to stop production at Janesville brought a comment from Democratic presidential candidate Barack Obama who stopped at the plant there while campaigning earlier in the year....Tags: Automotive Equipment, Barack Obama, Fuel-efficient Vehicles, Plant Openings
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GM closing at Janesville could be accelerated
General Motors plans to announce Monday when it will end production at its Janesville plant, and the news will be a "setback" for GM workers and the community, a Wisconsin congresswoman said Friday night. Democratic Rep. Tammy Baldwin of Madison said...Tags: Employees, Heavy Engineering, Sales, Tammy Baldwin, Paul Ryan
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Automakers push key vehicles through fall TV shows
AP Auto WriterIn this fall's TV season, a secret agent speeds around in a Chevrolet Camaro, a man tries to save the world with the help of a Dodge Ram pickup, and a famous talking car returns to the streets in the form of a Ford Mustang. With auto sales at 15-year...Tags: Heavy Engineering, Terminator: The Sarah Connor Chronicles, Dodge, Contracts, Beverly Hills
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Automakers put products in TV shows' starring roles as a way to boost interest in key vehicles
AP Auto WriterNEW YORK (AP) _ In this fall's TV season, a secret agent speeds around in a Chevrolet Camaro, a man tries to save the world with the help of a Dodge Ram pickup, and a famous talking car returns to the streets in the form of a Ford Mustang. With auto...Tags: Heavy Engineering, Terminator: The Sarah Connor Chronicles, Dodge, Contracts, Beverly Hills
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With gas prices tumbling, will Americans return to gas-guzzling ways?
AP Business WriterDENVER (AP) _ Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways? Experts say no because most drivers assume the dip in...Tags: Employees, Heavy Engineering, Energy Saving, Commodity Markets, BMW
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Goldman Sachs, GE, Morgan Stanley, Macy's are among big movers on the stock market Friday
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE Goldman Sachs Group Inc., down $12.55 at $88.80 The bank's credit outlook was revised to negative by ratings agency Moody's, which expects a...Tags: General Electric Company, New York Stock Exchange, Credit Ratings, Mitsubishi UFJ Financial Group Incorporated, Wachovia Corp.
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Material recycled from Tiger Stadium demolition could turn up in new autos, parking lots
Associated Press WriterDETROIT (AP) _ Going to a baseball game in Detroit used to mean heading to Michigan and Trumbull, the intersection that became shorthand for Tiger Stadium. Go there today, and all that remains is a small slice of the arena that once drew throngs of fans...Tags: Ty Cobb, Hank Greenberg, Government, Chrysler, Vehicles
Oct 11, 2008
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Oct 10, 2008
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