Nov 20th, 2008 · Amid job cuts, restructuring and pleas to Congress for financial aid, General Motors and Chrysler are represented, but not making much of a splash, at this week's Los Angeles Auto Show.
Nov 18th, 2008 · The Big Three U.S. automakers — General Motors, Ford and Chrysler — will appear today before lawmakers on Capitol Hill to ask for federal funds to curb to decline of the auto industry. Warren Brown, of the Washington Post; John Schmitt, of the Center for Economic and Policy Research in Washington and Mary Chapman, of African Americans on Wheels magazine discuss the automotive crisis and how consumers should be prepared to respond.
Nov 12th, 2008 · General Motors is scaling back its plans for next week's Los Angeles Auto Show. Originally, the company was going to unveil a new Buick. Executives were going to meet reporters. But reporters are already writing about GM. The company has lost more than $20 billion this year. It's asking for an emergency government bailout. So, executives figured, maybe they should wait to unveil the new Buick. They're saving it for Detroit's auto show in January.
Oct 28th, 2008 · The auto industry is ailing. Experts are divided about the next step to take. Should the big three —Ford Motor Co., General Motors and Chrysler — be bailed out by the U.S. government?
Oct 28th, 2008 · General Motors is asking the government for a loan that would make it possible to acquire rival carmaker Chrysler. There is a growing list of industries that would like to be included in the Treasury Department's financial bailout and it's not clear yet how Treasury will respond.
Oct 28th, 2008 · General Motors is asking the U.S. government to buy $10 billion in equity investment. It would be an unprecedented rescue package in support of a merger between GM and Chrysler. The government funding would include roughly $3 billion in exchange for preferred stock in the merged automaker.
Sep 16th, 2008 · General Motors has announced that it is slowing production of its iconic sports car. It cites the bad economy for the move. GM will shut down for a week, the factory in Bowling Green, Ky., where the Corvette is made. When it reopens, workers will turn out only 15 Corvettes and hour. That's down about three cars from the current production schedule.
Aug 3rd, 2008 · General Motors' latest earnings report showed significant losses, and rival Ford is also doing poorly. While both automakers are struggling domestically, they're still doing well overseas. Dustin Dwyer of Michigan Radio says U.S. labor unions may be partly to blame for the disparity.