6 hrs ago | WPTY
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General Motors Forum & PollsYesterday | ClickOnDetroit
GM To Close Windsor Plant In 2010
“Certainly new investment in Canada is challenging. For a lot of different reasons, primarily cost”
General Motors Corp. plans to close its Windsor, Ontario, transmission factory in the second quarter of 2010, the automaker said Monday. via ClickOnDetroit
Saturday | Star Tribune
End may be near for ResCap, Moody's says
Moody's Investors Service Inc. said it believes that General Motors Corp. and Cerberus Capital Management are preparing to pull the plug on ailing home lender Residential Capital of Bloomington. via Star Tribune
Friday May 9 | Seeking Alpha
GM about to Throw away More Money
“It remains to be seen how far they will go.”
I remain surprised that GM is still in business. It loses money on cars, on financing, and it is behind the curve on a transition away from SUVs. via Seeking Alpha
Thursday May 8 | WOOD-TV Grand Rapids
GM buys its Detroit headquarters for $626 million
“We opted to purchase it outright because of the condition of the real estate market”
General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center ... via WOOD-TV Grand Rapids
Thursday May 8 | KIMA
Wednesday May 7 | Detroit Free Press
GMAC negotiating terms of loan to keep mortgage subsidiary out of bankruptcy
By KATIE MERX * FREE PRESS BUSINESS WRITER * May 6, 2008 Finance company GMAC LLC, which is partly owned by General Motors Corp., is negotiating terms of a a $3.5 billion loan for its struggling mortgage ... via Detroit Free Press
Tuesday May 6 | Washington Post
GM Loses $350 Million On Weak Domestic Sales
“North America is the albatross around their neck.”
Bloomberg News Thursday, May 1, 2008; Page D02 General Motors , the world's largest automaker, reported a smaller first-quarter loss than analysts estimated as rising sales in Asia and Latin America tempered ... via Washington Post
Tuesday May 6 | Los Angeles Times
GM, Toyota, Ford won't follow Chrysler with gas subsidies
“It'll be important whether gas is $2.99 a gallon or $4.99 a gallon.”
DETROIT -- Chrysler is offering to subsidize the cost of gasoline for car and truck buyers, but its biggest rivals -- General Motors, Toyota and Ford -- said today they have no plans to match it. via Los Angeles Times
Tuesday May 6 | Fort Worth Star-Telegram
Canadian auto workers ratify 3-year Ford contract
“I'm hoping it will be in the next week or so.”
The Canadian Auto Workers voted to ratify a three-year contract with Ford Motor Co., an agreement the union expects Chrysler LLC and General Motors Corp. via Fort Worth Star-Telegram
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