Stories tagged with "gm"
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Old GM hearing set on retirees benefits
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...
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GM pouring $364M into Indiana plant
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...
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GM sells Hummer to Chinese company
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...
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GM shutters Saturn after Penske deal fails
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...
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China conditionally OK's GM plan to buy Delphi
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...
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Hummer buyer likely to put HQ in Michigan
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...
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GM leader in Indy to retire in October
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...
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Car dealership that survived Great Depression calls it quits
A Brownsburg car dealership launched 81 years ago — a year before the stock market crash that signaled the Great Depression — has closed, a victim of the latest...
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The New GM: reality vs. perception
Slimmer, trimmer company must prove new is better DETROIT — General Motors’ marriage to the U.S. government is expected to be sealed today, and although the assets...
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GM's bankruptcy exit could meet with appeals
NEW YORK — Groups representing plaintiffs in car accidents said Monday they will oppose General Motors’ attempt to exit bankruptcy protection quickly. U.S. Judge Robert...
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NASCAR says it's open to more foreign automakers
BROOKLYN, Mich. — NASCAR says it would be open to other foreign manufacturers joining Toyota in stock car racing. Chief executive Brian France says nothing is imminent but...
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GM founder had the right idea a hundred years ago
William Durant owned a wagon and buggy factory in the early 1900s. Durant enjoyed great success until the Model T Ford began to take America by storm. Did he declare bankruptcy?...
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Hummer sale may save Indiana jobs
DETROIT — General Motors Corp. took a key step toward its downsizing today, striking a tentative deal to sell its Hummer brand, while also revealing that it has potential buyers...
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GM plans to speed up plant closure
General Motors Corp. said Monday it will shutter nine more plants, including the Indianapolis stamping center that already was targeted for closing. The closures, part of a...
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Indy stamping plant among GM casualties
DETROIT — General Motors Corp. said today that it will permanently close nine more plants — including the Indianapolis stamping center — and idle three others to trim production...
