The manager of GM’s employee stock fund has sold off all remaining shares of the troubled auto maker, which is closing plants and slashing costs in a bid to avoid bankruptcy. See the rest here: GM fund dumps all of company’s shares  Read More →

Retired Chrysler LLC project manager Clifford St. Pierre and his wife Patricia bought $200,000 in General Motors Corp. notes three years ago, thinking it was a sound way to finance their retirement. View original here:  Personal fortunes riding on... 

In less than six months, GM went from insisting on its integrity to gladly embracing the idea of tearing itself in half. What would a good GM/bad GM structure look like? See the original post:  The Big Money: Good GM/bad GM  Read More →

The Treasury Department says it has provided General Motors Corp. with another $2 billion in federal loans as the giant automaker struggles to restructure. More:  Treasury Dept. lends $2 billion more to GM  Read More →

Okay, the economic situation was already pretty serious. Now it is really hitting big companies like General Motors, very hard. General Motors is preparing to announce the closure of the Pontiac brand. Yes, that is right; there will be no more Pontiac.... 

Welcome to September 1910, when the bankers revolted against Billy Durant’s General Motors. View post:  GM’s story is an old one — even for GM  Read More →

There seemed little chance U.S. car makers could look any worse, but moves like GM’s announcement it will cut production this summer risk scaring off potential customers. Read the original: Potential buyers left may avoid automakers  Read More →

At this point, there is no doubt in my mind; GM will be filing for bankruptcy soon. Confirmed by various sources, GM cannot file until after sometime in June of this year. General Motors is looking to conserve every last bit of the money that they have.... 

Two people briefed on the plan say GM will close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles. Original post: Sources: GM to close plants up to 9 weeks  Read More →

Lincoln refines its award-winning MKX Crossover for 2009 with more innovations including available voice-activated navigation with industry exclusive SIRIUS Travel Link, standard power liftgate, and important customer conveniences like a front passenger... 

Filed under: Government/Legal , Chrysler, LLC. , GM , Earnings/Financials , Rumormill Is General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The Detroit News seems to think so. Citing Obama... 

My God, I never thought I would be saying that a Kia looks good but here goes. The Kia Soul looks nice. Okay, there, I said it. So what! The Kia Soul is a definite contender. I mean, look at the new commercial of the Kia Soul. It literally has Soul!... 

Filed under: Sedans/Saloons , Sports/GTs , Euro , GM , Opel , Vauxhall Vauxhall/Opel Insignia VXR/OPC – Click above for a high-resolution gallery General Motors may be on life support, but the European operations at Opel and Vauxhall are still... 

GM is recalling about 1.5 million vehicles due to an oil leak that could cause an engine fire. Apparently under hard breaking engine oil could leak past a heat shield and drip on the exhaust manifold causing a chance for a fire by igniting the oil from... 

No doubt that the majority agree that GM filing Bankruptcy would not be such a bad thing. Many support the idea that bankruptcy would “force” them into restructuring and emerging as a better and much more profitable company. Lately GM set... 

Filed under: Convertibles , Coupes , Sports/GTs , Plants/Manufacturing , Chevrolet , GM , Rumormill Chevrolet Camaro Convertible Concept – Click above for a high-res gallery The crew at the freshly-minted Detroit Bureau is reporting that while... 

Filed under: Plants/Manufacturing , Chevrolet , GM 2011 Chevy Cruze and its new 1.4L Turbo engine The bad news just keeps on coming for General Motors and Flint, Michigan. It was reported late last night that construction contracts for the new $370 million... 

Filed under: Chevrolet , GM You can never be certain about the information you get from fourth-hand, unconfirmed sources. General Motors will be releasing its third quarter financial results this morning, and it will be ugly for sure. Rick Wagoner will...