The Treasury Department has reached a tentative deal with four of Chrysler’s major debt holders in a bid to keep the automaker out of bankruptcy protection, two people familiar with the talks said. Read the original: Chrysler scrambling to stave... 

Pontiac’s demise was an ignominious end for a brand whose products fired the imagination of enthusiasts of traditional American muscle cars. By Dan Carney. Go here to read the rest: Thrill is gone — GM’s Pontiac bites the dust  Read More →

The Treasury Department is racing to engineer the sale of Chrysler’s financing arm in a move the administration deems vital to saving the troubled automaker, but other federal agencies have not given their support, sources said. Read more here: U.S.... 

General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to slash jobs, close plants and eliminate the legendary Pontiac brand. Read... 

German automaker Daimler AG says it has reached a deal to get rid of its 19.9 percent stake in Chrysler LLC. Go here to see the original:  Daimler rids itself of stake in Chrysler  Read More →

The Pontiac brand, factories and jobs are about to disappear — the latest casualties of a big restructuring plan that GM is counting on to help it stave off bankruptcy protection. Read more from the original source: GM to announce brand changes, restructuring  Read More →

The United Auto Workers union says it has reached a concession agreement with Chrysler, Fiat and the U.S. government. See the rest here:  UAW agrees to concessions with Chrysler  Read More →

General Motors says it will announce details of its restructuring plan on Monday ahead of making an offer to bondholders to exchange debt for equity. See original here: GM expected to scrap Pontiac brand Monday  Read More →

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... 

White House economic adviser Larry Summers said Sunday the Obama administration is holding out hope that Chrysler LLP can stay out of bankruptcy court. View post:  White House hopes Chrysler avoids bankruptcy  Read More →

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 →

Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy. More here: Chrysler still seeking to avoid bankruptcy  Read More →

Ford Motor Co. reported a first-quarter loss of $1.4 billion Friday and said it burned through less of its cash, emphasizing that it doesn’t expect to seek any of the government aid. More: Ford posts $1.4 billion first-quarter loss  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 →

A General Motors plan to temporarily close several U.S. factories this summer makes lots of financial sense for the beleaguered automaker, but not for the obvious reason. Original post: The nuts and bolts of shutting an auto factory  Read More →

General Motors Corp. says it will temporarily close 13 assembly plants in the U.S. and Mexico as it tries to control growing inventory due to slumping sales. See the original post here:  GM to shut 13 plants, cut production  Read More →