General Motors files the first paperwork required to hold an initial public offering of stock, a key step in helping it break free of US government ownership... more
General Motors, owner of Vauxhall in the UK, lost $400 million a month during the summer. But, says the bailed-out carmaking giant, GM is beginning to turn round... more
The future of 5500 Vauxhall workers in Luton and Liverpool was secured for the immediate future after General Motors sold control of its European operations to a German-backed bidder... more
General Motors' chief negotiator over the sale of Vauxhall/Opel was locked in talks this evening with a German government-led taskforce amid growing speculation the deal will be scrapped... more
Uncertainty about the future of the thousands of British jobs at Vauxhall and its suppliers deepened as it emerged that owner General Motors may not be selling it after all
... more
The fight for Opel - and the uncertainty over 5,000 Vauxhall jobs in the UK - is drawing to a close with reports that Canadian auto-parts maker Magna has won the bidding war... more
Around 5000 British workers are waiting on the future of Vauxhall as final bids go in for its German parent Opel, part of the for-sale European arm of the bust General Motors ... more
The “new” General Motors launched with chief executive Fritz Henderson saying the vehicle maker plans to woo back US consumers and repay the taxpayer for a $50 billion bail-out... more
General Motors’ bankruptcy sale was given the go-ahead by a US judge last night allowing the government to take over its most profitable parts ... more
If people needed any more confirmation that we live in an Orwellian world where words are frequently used to convey just the opposite of what they mean, consider the comments that resulted from a survey into the work of HM Revenue & Customs, conducted by accountancy body the ICAEW ... more
Not many Americans loudly said they were “filled with joy” over General Motors being on its deathbed, with the tens of thousands of job losses that has wrought, but then Michael Moore is not most Americans...... more
Huge military-like American vehicles could soon be careering around Chinese streets after General Motors today announced the sale of its Hummer brand to China’s Sichuan Tengzhong ... more
American car and jeep giant Chrysler formally went bankrupt today as part of a Washington rescue plan which it is hoped will be a template to save General Motors ... more
General Motors Corporation says a committee of bondholders has agreed to a sweetened deal to erase some of the automaker's debt in exchange for company stock... more
Thousands of British carmaking jobs are under severe threat as it emerged a Fiat takeover of Vauxhall could lead to the closure of either or both of its Luton and Merseyside factories... more
President Barack Obama rejected pleas by General Motors and Chrysler for billions of dollars more in bailout support for the ailing US car and truck makers
... more
Engineering: The US Treasury unveiled the scale of its latest Detroit rescue package, agreeing to pump $6 billion into General Motors' finance company GMAC... more
Morning:
9°c
