Stories tagged with "general motors"

GM reports $1.2B loss but says financial picture is better by indystar

Automaker is set to start paying off $6.7B U.S. debt with $1B quarterly payments General Motors lost $1.2 billion in the first 83 days after it emerged from bankruptcy protection... – Nov 17, 2009 at 12:00 AM in Business

Saturn of Indianapolis closes, blaming aborted sale of brand by indystar

Indianapolis — Saturn of Indianapolis closed Friday and attributed its demise to the collapse of General Motors’ attempt to sell the brand to Penske last month.... – Oct 31, 2009 at 12:00 AM in Business

Old GM hearing set on retirees benefits by indystar

Old General Motors Corp., now formally named Motors Liquidation Co., has a Nov. 12 hearing in New York for approval of a settlement which will terminate its liability for ongoing... – Oct 30, 2009 at 10:19 AM in Business

Saturn of Indianapolis to close today by Tom Spalding

Saturn of Indianapolis closes today, attributing its demise to the collapse of General Motors’ attempt to sell the brand to Penske last month. President Lynn B. Kimmel said... – Oct 30, 2009 at 7:50 AM in Business

Source: Obama cutting bailout firms' pay by indystar

WASHINGTON — The Obama administration plans to order companies that received huge government bailouts last year to sharply cut the compensation of their highest paid executives,... – Oct 21, 2009 at 4:08 PM in Nation & World

GM pouring $364M into Indiana plant by indystar

MARION, Ind. — General Motors Co. says it’s investing $364 million in its Marion Metal Center in Indiana and will employ about 230 workers transferring from plants in... – Oct 20, 2009 at 7:13 AM in Business

Recession helps the young by indystar

Just starting, they didn’t lose lifelong investments; now they can buy stocks, homes at bargain prices NEW YORK — The Great Recession has turned into the best of times... – Oct 11, 2009 at 10:33 PM in Business

Emmis Communications posts a loss in second quarter by indystar

Indianapolis Plunging revenues and a major one-time impairment charge related to a decline in the value of the company led Indianapolis-based Emmis Communications to a $135.56... – Oct 10, 2009 at 12:00 AM in Business

GM sells Hummer to Chinese company by indystar

DETROIT — Hummer, the off-road vehicle that once was a symbol of America’s love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. The company says that... – Oct 09, 2009 at 2:55 PM in Business

Delphi emerges from bankruptcy most recent comment by Mercedita

The economic meltdown brought a major dilemma to... – Oct 07, 2009 at 11:48 PM

Remy presents new motors for hybrids by Ted Evanoff

Remy International is unveiling a new line of electric motors for hybrid cars and trucks today that could set off an expansion in Anderson and eventually account for a third of the... – Oct 06, 2009 at 8:23 AM in Business

GM shutters Saturn after Penske deal fails by indystar

DETROIT — General Motors Co. said today that it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart. Penske, citing... – Sep 30, 2009 at 6:39 PM in Business

China conditionally OK's GM plan to buy Delphi by indystar

China’s Commerce Ministry has given a conditional green light for General Motors Co.’s plan to acquire portions of auto parts maker Delphi Corp. Among other things, the... – Sep 29, 2009 at 7:35 AM in Business

Hummer buyer likely to put HQ in Michigan by indystar

A spokesman for the Chinese company that is trying to buy General Motors Co.’s Hummer brand says the Hummer brand likely will be headquartered in the Detroit area. Spokesman... – Sep 22, 2009 at 12:34 PM in Business

Panel doubts taxpayers will recoup auto TARP funds by indystar

U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC, a congressional panel said. The Treasury Department also should... – Sep 10, 2009 at 12:00 AM in Business

Film takes final walk in GM workers' shoes by indystar

In mid-August, 2,300 people packed the Schuster Center in downtown Dayton, Ohio, for an invitation-only preview of a documentary that HBO will broadcast at 9 p.m. on Labor Day.... – Sep 04, 2009 at 12:00 AM in Commentary

Nation's black hole of debt keeps growing deeper by indystar

The Aug. 26 Star reported that our national debt stood at $7.4 trillion. A quick calculation shows that if we are paying a 5 percent annual rate on this debt, our interest cost is... – Aug 29, 2009 at 12:00 AM in Letters to the editor

Toyota to end work at plant by indystar

WASHINGTON — Toyota Motor Corp. on Thursday said it plans to end production in March at a California joint venture where it has built vehicles with General Motors.... – Aug 28, 2009 at 12:00 AM in Business

GM leader in Indy to retire by indystar

INDIANAPOLIS — General Motors will be getting a new manager at its Indianapolis-based stamping plant. The automaker said Jeff Haynes will retire Oct. 1 and be replaced by... – Aug 27, 2009 at 12:00 AM in Business

GM leader in Indy to retire in October by indystar

General Motors will be getting a new manager at its Indianapolis-based stamping plant. The automaker today said Jeff Haynes will retire Oct. 1 and be replaced by Gary Malkus of the... – Aug 26, 2009 at 10:22 AM in Business