GMC GM News

Unsecured creditors who lost billions when General Motors Corp. filed bankruptcy last summer could get a rare windfall Tuesday if a judge approves a nearly $1.9 million settlement.

In this July 10, 2009 file photo, General Motors Corp. Chairman Edward Whitacre Jr.

After a long, painful drain on the corporate piggy bank, General Motors Corp. is actually saving money once again.

An artista s conception of the redevelopment of the 11-acre Anderson Automotive site at Howard at 25th streets in Baltimore.

General Motors Co., the successor to General Motors Corp., reported a third-quarter loss of $1.15 billion on Monday, as government stimulus programs helped the automaker increase its sales and pull down the size of its inventory.

The Lordstown-built Chevrolet Cruze upscale small car is scheduled to make its U.S. public debut at the Los Angeles Auto Show on Dec.

General Motors Co. Chief Executive Officer Fritz Henderson , buoyed by $50 billion in U.S. bankruptcy aid, slashed debt and operating costs without returning to profit.

Terry Kline likes Windows 7, the iPhone, PCs stored on USB drives, and cloud computing services.

In this Nov. 1, 2009 photo, unsold 2009 Chevrolet Suburbans sit in a long row under a General Motors sign at a Chevrolet dealership in Englewood, Colo.

General Motors Corp. President and CEO Fritz Henderson speaks during a news conference at company headquarters in Detroit, Monday, Nov.

About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.

About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.'s planned sale of the ailing Swedish car brand to Koenigsegg Group AB, a GM spokeswoman said Saturday.

The chairman of General Motors says the automaker is committed to repaying its billions in government loans, though it's too soon to say when that will happen.

Toyota Motor Corp. may shoulder almost all the costs to shut the NUMMI auto plant in Fremont as the owner of the former General Motors Corp.'s 50 percent stake doesn't plan to fund expenses including worker severance pay.

General Motors Co. said Tuesday that a senior executive who now runs its international divisions will take over responsibility for the European Opel and Vauxhall units while the company searches for a permanent chief executive.

Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business.

The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand losses if the economy softens.

TO THE RESCUE: General Motors and other automakers are racing to meet demand in China amid slackening sales of new cars and trucks in auto markets elsewhere AP, BEIJING Tuesday, Nov 10, 2009, Page 12 General Motors Corp said yesterday its China sales last month more than doubled from a year earlier amid tax cuts and incentives to help boost the ...

Stephen Johnson shows Martin O. Maize Jr. a Mercedes. ADVERSTISMENT When the first Saturns rolled off the assembly line in 1990, Dave and Rick Parker were intrigued.

Dana Automotive of Northampton will soon drop its Chevrolet franchise in order to concentrate on Volkswagen and the dealership's owner is predicting that a new wave of car dealer closings and consolidations will roll through the region in the next six months to a year.