Ford, the only U.S. automaker to avoid bankruptcy court, clawed its way to a $2.7 billion profit in 2009. It was the automaker’s first annual profit in four years. Read more: Ford earns first annual profit in four years  Read More →

Filed under: Hirings/Firings/Layoffs , GM , Earnings/Financials While early rumors suggested that this morning’s surprise news conference at General Motors’ Renaissance Center might be to confirm the sale of Saab to Spyker, the big news emanating... 

The last Pontiac has rolled off the line, marking the end of a century-old nameplate that fell victim to GM’s bankruptcy, federal bailout and radical restructuring plan. See more here:  Pontiac hits end of the road  Read More →

General Motors’ CEO Frederick “Fritz” Henderson has resigned after eight turbulent months as head of the largest U.S. automaker. View original here:  General Motors CEO Henderson out  Read More →

GM says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters and a sign that the auto giant is starting to turn around. View original here: GM reports $1.2 billion third-quarter loss  Read More →

Chrysler’s new chief executive, Sergio Marchionne of Italy’s Fiat, says he is not “promising a miracle,” but his ambitious turnaround plan for the automaker is raising eyebrows. Go here to read the rest:  CEO lays out ambitious... 

General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said. Excerpt from:  Source: GM nears completion of Hummer sale  Read More →

General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. See the rest here:  GM rescinds white-collar pay cuts  Read More →

Okay, government General Motors has emerged from bankruptcy as a leaner and meaner operation force happily able to appease the Obama administration and even whoa consumers looking to buy a new car. The “whoa” you are hearing from consumers is a very... 

Put the brakes on the apologies. Think about your brands. And give us a reason to buy your cars. Originally posted here: Lots of opinions about GM’s next ad campaign  Read More →

The new GM said Friday it was worried about regaining consumer confidence following its exit from bankruptcy protection, and that its sales won’t improve in 2009. Read more from the original source:  GM prepares for IPO sometime next year  Read More →

As the new chief of product development for General Motors Co., Tom Stephens knows he has no margin for error. Read the original:  GM has little room for error this time, exec says  Read More →

With Chrysler and General Motors exiting bankruptcy with the federal government as a major shareholder, questions remain about the government’s role in operations. Read the rest here: What’s next for Obama’s auto task force?  Read More →

Even after emerging from bankruptcy, the new GM still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years. Read more from the original source:  Five keys to GM’s... 

With General Motors leaving bankruptcy, can its core brand churn out cars and crossover SUVs that stand up to Toyotas, Hondas, and Fords? Original post: Key to GM’s turnaround: Chevy  Read More →

As General Motors prepares to exit bankruptcy, the automaker is reportedly close to offering its former CEO Rick Wagoner an exit package to formally leave the company. Original post: GM close to offering ex-CEO exit deal  Read More →

General Motors could literally turn green as it readies itself for major management and cultural changes that will coincide with its escape from bankruptcy protection. Go here to read the rest:  The new GM: Fewer suits, greener logo?  Read More →

The sale of most of GM’s assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the move. Originally posted here: GM closer to swift Chapter 11 exit  Read More →

Struggling automotive parts supplier Lear Corp. filed for Chapter 11 bankruptcy protection on Tuesday after receiving the support it needed from lenders and bondholders. Excerpt from:  Lear files for bankruptcy protection  Read More →

Groups representing plaintiffs in car accidents said Monday they would oppose GM’s attempt to quickly exit bankruptcy protection, arguing that hundreds of victims could be hurt. See the original post here: Foes of GM bankruptcy plan promise appeals  Read More →