Tag Archives: Bailout
New GM Subsidiaries will include Delphi Components Operations and Global Steering Business
Posted on 03. Aug, 2009 by Josh Merva.
General Motors Company announced today that four U.S.-based Delphi components operations and Delphi’s global steering business will become part of two new, wholly-owned GM subsidiaries effective upon closing of the transaction. The acquisition will help GM to maintain continued uninterrupted supply to its global GM car and truck operations.
Continue Reading
A fresh start for the “new” General Motors
Posted on 10. Jul, 2009 by Zane Merva.
The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does.
Continue Reading
GM signs agreement to sell HUMMER
Posted on 02. Jun, 2009 by Zane Merva.
General Motors Corp. (NYSE: GM), announced it has entered into a memorandum of understanding (MoU) with a buyer for HUMMER, its premium off-road brand. This transaction is the result of GM’s strategic review of the HUMMER brand and the company’s ongoing restructuring efforts.
Continue Reading
Watch the General Motors bankruptcy press conference live at 12:15pm
Posted on 01. Jun, 2009 by Zane Merva.
Today at 12:15pm General Motor’s President Fritz Henderson will be holding a press conference to announce that the century-old automaker will file for US Government backed bankruptcy protection. We have the live stream for you to watch.
Continue Reading
GM press briefing at 10am today- Watch it live here!
Posted on 31. Mar, 2009 by Zane Merva.
General Motors CEO, Fritz Henderson is scheduled to hold a press briefing to discuss his appointment, announcements made by President Obama, and aid to the auto industry today at 10am. We’ve got the live stream for you to check out.
Continue Reading
Auditors concerned General Motors may not survive
Posted on 05. Mar, 2009 by Zane Merva.
Auditors hired by General Motors (GM) have expressed “going concern” about the company’s ability to survive without entering bankruptcy. GM executives say the report “was not unexpected”. We’ve got a run-down of the situation and GM’s official statement regarding the report.
Continue Reading
General Motors updates government loan plan
Posted on 19. Feb, 2009 by Zane Merva.
Tuesday, General Motors submitted their revised viability plan as part of the US government backed loan program designed to prevent the automaker from plunging into bankruptcy. We take a look at the plan’s key points and provide a copy of the plan so you can read it yourself.
Continue Reading
GM To Offer Reduced Rate Financing On Some 2008/2009 Vehicles
Posted on 30. Dec, 2008 by Zane Merva.
GM today announced new reduced rate financing as low as 0% APR for up to 60 months on select new cars and trucks. The reduced rate financing is available to qualified buyers today through January 5, 2009 on many 2008 and select 2009MY vehicles (see list below). Of note, many of the vehicles listed below have stackable bonus cash and/or dealer cash ranging from $500 to $4,250.
Continue Reading
GM Takes Out Ad To Convey Commitment To The American People
Posted on 17. Dec, 2008 by Zane Merva.
To help combat the negative publicity surrounding the bailout of the US Auto Industry- General Motors has taken out a text ad in Automotive News. We’ve got the transcript.
