General Motors Corporation

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Hot pursuit: Competition heats up for police cars

AP News yesterday

With competition in pursuit, Ford aims to keep police car crown; anti-stab seats come standard Ford Motor Co. wants to remain the top gun in the U.S. police car market with a new cruiser due out next year, but its competitors are ...

Govt offers GM loan to safeguard jobs

AFP European Edition yesterday

The government on Friday announced it had agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain. GM had decided to sell its European arm, which makes Vauxhall cars here, but changed its mind after its ...

UK gives GM loan guarantee for Vauxhall

AP News yesterday

British government announces $410 mln loan guarantee to General Motors for Vauxhall unit Britain will give a 270 million pound ($410 million) loan guarantee to General Motors Co. to help keep its Vauxhall operations going in the country, a government official said ...

Biographical info about GM Vice Chairman Bob Lutz

AP News yesterday

Biographical information about GM Vice Chairman Bob Lutz NAME: Robert A. "Bob" Lutz AGE: 78. Born Feb. 12, 1932, in Zurich, Switzerland. EDUCATION: Bachelor's degree in production management, University of California-Berkeley, 1961; master's degree in business administration, University of California-Berkeley, 1962. MILITARY: ...

GM's Lutz says hybrids, electrics are future

AP News yesterday

GM's Lutz, retiring after 47 years, says hybrids, electrics are future WARREN, Mich. — General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near ...

Toyota discounts boost sales

Reuters US Online Report Domestic News yesterday

DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures. Toyota's U.S. sales surged by nearly 50 percent in the first eight days of ...

Watchdog: GMAC bailout could cost taxpayers $6.3B

AP News 2 days ago

Watchdog says Treasury lacks exit plan from GMAC bailout, taxpayers could lose $6.3 billion The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers ...

U.S. bailout watchdog criticizes Treasury over GMAC

Reuters US Online Report Business News 2 days ago

WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday. The Congressional Oversight Panel, in a new ...

2011 GMC Sierra Denali HD Unveiled

Getty Images 3 days ago

ST. LOUIS, MO - MARCH 10: In this handout image provided by General Motors, Lisa Hutchinson, product marketing director for GMC, introduces the new 2011 GMC Sierra Denali HD March 10, 2010 in St. Louis, Missouri. The Sierra Denali HD leads a ...

GM CEO says U.S. will make money on bailout

Reuters US Online Report Business News 3 days ago

SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief ...

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