Old GM enters $51M deal with US govt to resolve environmental liabilities
A $51 million civil settlement has been entered by Motors Liquidation Co. and the federal government to resolve environmental liabilities at 34 sites, says Autonews. Motors Liquidation,... Read more
Federal auditors study if politics swayed GM decision on Dephi pension plan
Federal auditors are trying to determine if the Obama administration pressured General Motors to give more funding for Delphi Corp.'s pension plan for hourly workers. This audit is... Read more
U.S. government and California agree to merge timetable for fuel standards
Over complaints that California’s preliminary plan for 2017-25 fuel economy standards was too fast, the Obama administration and the state of California have agreed to a single timetable.... Read more
US government converts preffered stock of Ally Financial into common shares
As the U.S. government converted $5.5 billion of preferred stock into common shares, Ally Financial Inc. is inching closer to reclaiming its independence. Ally is formerly the lending... Read more
GM has a ‘reasonable chance’ to show a profit in 2010
General Motors Co.'s CFO Chris Liddell stated that the carmaker has a "reasonable chance" of showing a profit in 2010. Liddell gave this statement during his first time to talk to... Read more
GMAC close to getting about $3.5 billion in added aid from the U.S. government
According to the Wall Street Journal report, GMAC Financial Services is close to getting about $3.5 billion in added bailout from the US government. As it’s known, the company has already... Read more
Latest Auto Shows
