Oldsmobile News

The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.Continuing claims, meanwhile, unexpectedly jumped to a record-high. While layoffs are slowing, jobs remain scarce and the unemployment rate is rising, which ...

The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

By a unanimous vote, a U.S. House committee has approved a measure that would restore 2,100 dealers either cut or scheduled to be closed by General Motors Corp.

General Motors Corp. is rushing to prepare for its rebirth late this week as a company largely owned by the U.S. government.

General Motors Corp. , poised to exit bankruptcy protection, will be forced to rely on partners in Germany, China, South Korea and Russia for about half of its sales.

General Motors Corp. should absorb the pension obligations of Delphi Corp.'s salaried retirees, Sen.

I tried to buy a truck the other day and I couldn't. The Dodge Ram 3500 dually that David Grainger was seeking.

Creditors who have objected to the sale of General Motors Corp.'s best assets are simply holding out for more money and fail to realize there are no offers and zero options other than a liquidation that could worsen the nation's weak economy, the automaker's attorney said in court here Wednesday.

File - A pickup truck moves by the main entrance to the General Motors plant in Doraville, Ga.

A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.

Warning that the demise of General Motors Corp. would have a disastrous ripple effect over the entire U.S. economy, an attorney for the automaker called Wednesday for the speedy approval of GM's plan to sell the bulk of its assets and emerge from court oversight as a new company.

The cost to wind down what remains of General Motors Corp. after an asset sale to a U.S. Treasury- backed buyer is rising, topping the $950 million set aside by GM and the government, executives for the automaker testified.

The largest U.S. automaker still faces hundreds of objections from bondholders, state officials, unions and individual retirees and shareholders, but could enjoy an easier trip through the bankruptcy process thanks to the legal trail blazed just weeks ago by rival Chrysler LLC.

Find out more about Michael: Michael Sheena has been a car nut for as long as he can remember.

Nebraska and at least 37 other states formed a committee to oppose General Motors Corp.

General Motors Corp. may sign non- binding agreements with Belgian and Chinese bidders for its Opel unit as a fallback to a proposed deal with Magna International Inc.

Enough with all the doom and gloom, please. We've been through this drill before, so put a sock in it, preferably one that reeks of stinky and politically incorrect hydrocarbons that will drift all the way to Kyoto.

Buick, of all the brands that GM could have let go, they kept this one. Why? A lot of people seem to be asking that question, and with the upcoming LaCrosse, Buick says it has the answer.

Growing distress in the auto parts sector threatens the taxpayer-funded turnaround plans at General Motors Corp.

Don Fleming's legacy couldn't be in better hands. His son, Greg, and his widow, Joan, are keeping his 1975 Hurst/Olds in near-perfect showroom condition as a way of honoring him and keeping his memory alive.