General Motors in crisis mode?
US: Analyst says GM should have made GMAC investment-grade rating mandatory
General Motors - which on Monday announced the sale of 51% of its auto financing arm GMAC to Cerberus Capital…
US: GM’s role in Delphi bankruptcy filing questioned
GM played an active role in Delphi’s decision to enter bankruptcy proceedings, according to Dow Jones. It cites court papers…
US: GM board has “great confidence” in Wagoner
The board of General Motors expressed "great confidence" on Monday in chief executive Rick Wagoner after approving the sale he…
US: General Motors sells 51% slice of GMAC
General Motors has agreed to sell a 51% controlling interest in finance arm General Motors Acceptance Corp. (GMAC) to a…
US: GM CEO annoyed at unacknowledged progress
General Motors CEO Rick Wagoner has told Newsweek magazine he is particularly annoyed by critical media coverage that fails to…
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US: Delphi outlines restructure plan
At a glance: "Dual track" bankruptcy court process beginning on Friday to reject collective bargaining agreements and certain unprofitable General…