General-motors - Latest Popular Stories, Instablogs Community

GM may run out of gas before Obama arrives

AP — Fri, 14 Nov 2008 23:00:59 +0000

In recent months, General Motors has been burning through about $3.1 million an hour, or $52,000 _ the price of a well-equipped Chevy Tahoe SUV _ every minute.

Car maker Opel seeking help from German govt

AP — Fri, 14 Nov 2008 14:28:05 +0000

A spokesman for automaker Adam Opel GmbH, which is owned by General Motors, says the company will seek help from the German government as the financial crisis grips European car...

Failure of auto industry could set off catastrophe

AP — Wed, 12 Nov 2008 23:30:06 +0000

Advocates for the nation’s automakers are warning that the collapse of the Big Three _ or even just General Motors _ could set off a catastrophic chain reaction in the economy, eliminating up to 3 million jobs and depriving governments of more than $150 billion in tax revenue.

GM says GMAC mortgage unit may not survive

AP — Mon, 10 Nov 2008 19:27:39 +0000

General Motors says the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage business of its GMAC financial arm can survive.

Stocks rise after 2 days of heavy selling

AP — Fri, 07 Nov 2008 23:07:22 +0000

Buyers returned to Wall Street Friday after two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance, which also came amid relief that a bad report on unemployment wasn’t worse and followed dour third-quarter reports from Ford and General Motors, was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.

GM troubles not lost on NASCAR drivers

AP — Fri, 07 Nov 2008 22:43:04 +0000

What’s bad for General Motors can’t be good for NASCAR Chevrolet drivers.

Stocks rise but waver after Obama speaks

AP — Fri, 07 Nov 2008 20:59:55 +0000

Buyers returned to Wall Street Friday after two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance, which also came amid dour third-quarter reports from Ford and General Motors, was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.

Stocks rise but give up ground after Obama speaks

AP — Fri, 07 Nov 2008 20:27:16 +0000

Buyers returned to Wall Street Fridayafter two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance, which also came amid dour third-quarter reports from Ford and General Motors, was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.

Stocks higher but give up ground as Obama speaks

AP — Fri, 07 Nov 2008 20:08:37 +0000

Buyers have returned to Wall Street after two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance, which also came amid dour third-quarter reports from Ford and General Motors, was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.

GM posts 45 percent drop in October sales

AP — Mon, 03 Nov 2008 19:08:11 +0000

General Motors says its October U.S. sales plummeted 45 percent because of weak consumer confidence and tight credit markets.