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Sen. Mel Martinez expressed support for more bailout funds for General Motors and Chrysler, saying the federal government "cannot allow" the U.S. auto industry to fail. ...more
March 30, 2009
The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. ...more
March 29, 2009
General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. ...more
March 29, 2009
By Tuesday, General Motors Corp. will have to decide whether its struggling Hummer brand will die a quiet death or live on with a new owner. ...more
March 29, 2009
It's difficult enough for car dealers to contend with a struggling economy that has hit them hard. But Saturn dealers also have to deal with the future of their products and their company. ...more
March 29, 2009
General Motors Corp.'s chief financial officer says the company will not need the $2 billion loan installment for March that it requested from the U.S. government in February. ...more
March 12, 2009
Investors fled Wall Street again Thursday, driven by worries about the stability of the nation's big banks and General Motors Corp. ...more
March 6, 2009
It may seem like the country that used to make everything is on the brink of making nothing. ...more
February 26, 2009
$17.4 billion Amount in government loans General Motors and Chrysler will use in three months ...more
February 22, 2009
General Motors Corp.'s Swedish-based subsidiary Saab went into court protection from creditors Friday so the unit can be spun off or sold by its struggling U.S. parent, officials said. ...more
February 21, 2009
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