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The New GM [REG]
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GM will pay suppliers weekly starting Dec. 22

imageGeneral Motors Co. will begin paying its suppliers weekly instead of monthly, in an attempt to improve relationships and limit large outflows of cash. The plan benefits both GM and its suppliers by reducing cash volatility, spokesman Dan Flores said. 3:11 pm U.S. ET | Sept. 24

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Lutz defends new ad push, chairman's role

imageGeneral Motors Co. marketing chief Bob Lutz swears the automaker's new TV spots featuring Chairman Ed Whitacre are nothing like the Lee Iacocca ads Chrysler ran back in the 1980s. 10:23 am U.S. ET | Sept. 11

For Magna, risk and a dream fulfilled

imageMagna International Inc.’s successful bid for control of General Motors Co.’s Opel/Vauxhall operations comes with some risk. But it fulfills a longstanding dream of Magna Chairman Frank Stronach to run an automaker. 9:26 am U.S. ET | Sept. 11

GM picks SCI to provide Internet leads to dealers

General Motors Co. has chosen Canadian technology firm SCI Ltd. to funnel Internet sales leads to all GM franchise dealers. 9:00 am U.S. ET | Sept. 11

GM will maintain close ties with Opel, Magna

General Motors Co. has agreed to give intellectual property freely to support Opel’s new products until 2014, settling one of the major issues the automaker had in selling its European brand, GM’s chief negotiator said today. 4:35 pm U.S. ET | Sept. 10

GM will take part in 2010 NADA convention

General Motors Co. announced today that it will participate in the 2010 National Automobile Dealers Association convention in Orlando, Fla. But GM spokesman John McDonald told Automotive News that GM's level of participation in the Feb. 1:18 pm U.S. ET | Sept. 10

Auto slump cited as U.S. ad spending falls 15.4%

A $1.6 billion plunge in automotive advertising helped fuel a 15.4 percent drop in total U.S. ad spending during the first half of the year compared with the first half of 2008, according to new ad industry figures. 3:02 pm U.S. ET | Sept. 9

NADA has accord with terminated dealers' group

The National Automobile Dealers Association and a committee of terminated Chrysler and GM dealers have reached a compromise on recommended procedures for reinstating dealers. 1:59 pm U.S. ET | Sept. 8 | UPDATED: 9/9/09 10:00 a.m. ET

OnStar is not for sale, explores new features, exec says

OnStar is not for sale, and General Motors is working to fine-tune the well-known service and position it for the future, a top executive said today. 3:31 pm U.S. ET | Sept. 8

GM extends eBay test through September

General Motors is extending a program that lets consumers in California buy a new GM vehicle on the eBay Motors Web site. The program was scheduled to end Sept. 8 but will run through September. It started Aug. 11. 4:20 pm U.S. ET | Sept. 1

THE NEW GENERAL MOTORS

GM to close 46 Canadian Saturn stores by year end

Canada's Saturn stores will wind down by the end of the year as a result of automotive entrepreneur Roger Penske's purchase of the brand, General Motors Co. spokesman Stew Low said today. 2:57 pm U.S. ET | Aug. 31

THE NEW GENERAL MOTORS

Chevy could register sales gains in Q4, LaNeve says

The new Camaro sports coupe and the redesigned Equinox SUV could help propel the Chevrolet brand to its first year-over-year sales increase since January 2008, General Motors Co.'s top U.S. sales executive says. Mark LaNeve, vice president of U.S. 3:59 pm U.S. ET | Aug. 12

THE NEW GENERAL MOTORS

GM says it created mysterious '230' Web site

General Motors CEO Fritz Henderson acknowledged Tuesday in a live Web cast that the automaker was indeed behind the mysterious, unbranded Web site whatis230. 9:54 am U.S. ET | Aug. 12

GENERAL MOTORS FUTURE PRODUCTS

GM unveils 2-year product plan around its four core brands

General Motors Co., trying to build confidence in the marketplace after a stint in U.S. Bankruptcy Court, unveiled its two-year product plan today. During its 39-day bankruptcy, GM struck deals to sell the Saab, Hummer and Saturn brands. 3:09 pm U.S. ET | Aug. 11

THE NEW GENERAL MOTORS

GM's move to close Audette Cadillac prompts petition in Detroit

Among the 58 GM dealerships to be shut down across Michigan, a casualty is Audette Cadillac, started by one of the biggest names in the Detroit area dealer community. 1:00 pm U.S. ET | Aug. 11

THE NEW GENERAL MOTORS

GM will ramp up marketing budget this year, Lutz says

General Motors will bulk up its marketing budget for the remainder of this year and next year, Vice Chairman Bob Lutz says. “We'll heavy up on the spending,” Lutz said at a press event here. 4:36 pm U.S. ET | Aug. 11

THE NEW GENERAL MOTORS

General Motors, eBay test selling cars online

About 90 percent of the dealerships that sell General Motors nonluxury brands in California will participate in a special marketing program that enables consumers to buy new vehicles posted for sale on eBay Motors. 10:16 am U.S. ET | Aug. 10 | UPDATED: 8/10/09 4:09 p.m. ET

GMAC resumes leasing in most U.S. states

Almost a year after it exited leasing, GMAC Financial Services has re-entered the auto leasing business with a limited program on select vehicles. 10:16 am U.S. ET | Aug. 10 | UPDATED: 8/10/09 1:04 p.m. ET

GM plans stock offering within year of bankruptcy emergence

General Motors Co. plans to sell shares in an initial public offering before the one-year anniversary next July of its emergence from bankruptcy. 12:01 am U.S. ET | Aug. 10

GREEN CARS

Buick lineup to get 2 new crossovers

Buick is planning two new crossovers, including a plug-in hybrid. The company today revealed its plans for the plug-in. 11:45 am U.S. ET | Aug. 6

CASH FOR CLUNKERS CHAOS

GM will let dealers terminate early without penalty

General Motors Co. has decided to allow rejected dealers who want to close before Jan. 1 to do so without penalty. In June during its stint in U.S. Bankruptcy Court, GM targeted about 1,300 dealerships for closure. 4:36 pm U.S. ET | Aug. 5

GMAC's auto unit posts Q2 pretax profit of $346 million

An improved used-vehicle market helped GMAC Financial Services' automotive finance business achieve pretax income of $346 million in the second quarter, compared with a pretax loss of $709 million in last year's second quarter. 10:38 am U.S. ET | Aug. 4

Toyota won't bear full cost of closing NUMMI

Toyota Motor Corp. won't bear the full cost of shuttering its California joint venture with General Motors even though GM has abandoned the project, a Toyota executive said today. 11:03 am U.S. ET | Aug. 4

JULY U.S. AUTO SALES

GM offers leases on eight models in five states

General Motors Co. is offering more leases starting today with a five-state pilot program that covers eight models. The leases are offered by U.S. 4:30 pm U.S. ET | Aug. 3

EDWARD LAPHAM

Lightening the org chart and shifting focus

I couldn't help but notice that when General Motors restructured its upper management there were a lot of title changes. You expect that at times like these. Edward Lapham is executive editor of Automotive News. 3:03 pm U.S. ET | July 31

THE NEW GENERAL MOTORS

GM announces final round of executive moves

General Motors Co., in its final round of senior executive shake-ups following its July 10 exit from Chapter 11 bankruptcy, today named Mark Reuss as vice president of global vehicle engineering. 10:25 am U.S. ET | July 30

Obama defends bailouts, says he expects GM, Chrysler to repay

President Barack Obama said General Motors Co. and Chrysler Group were companies worth saving, but he expects both to repay their government loans. 12:01 am U.S. ET | July 30

THE NEW GENERAL MOTORS

GM will return to leasing with luxury vehicles

General Motors Co. will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutzsaid today. 1:34 pm U.S. ET | July 29

SUPPLIERS IN CRISIS

Delphi favors lenders' bid over Platinum's; GM approves

A group of hedge funds that provided bankruptcy funding to Delphi on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. 12:01 am U.S. ET | July 28 | UPDATED: July 28, 2009 - 06:00 am ET

THE NEW GENERAL MOTORS

Buick ad creator defends 'Photo Shoot' efforts

Advertising veteran Gary Topolewski -- the man credited for helping revive Cadillac with Led Zeppelin-pumping television commercials -- has taken criticism over his work before, but never so publicly and under such a spotlight. 12:01 am U.S. ET | July 27

THE NEW GENERAL MOTORS

GM's Reilly begins to shape international team

GM's Nick Reilly, two weeks into his new role as the automaker's new international chief, wasted little time in creating his new team. Reilly, General Motors Co. 11:15 am U.S. ET | July 24 | UPDATED: 7/24/09 3:52 p.m. ET

THE NEW GENERAL MOTORS

GM names Dewar as Chevrolet chief in management overhaul

Brent Dewar, General Motors Co.'s European sales chief, was named vice president of Chevrolet as part of a sweeping overhaul involving appointments and departures for about two dozen executives. 10:53 am U.S. ET | July 23 | UPDATED: 7/23/09 4:06 p.m. ET

Leaving GM -- Clarke, Cowger, Kempston Darkes …

General Motors Co. said today that six executives with more than 180 years of combined service to the company will leave by year end. Here are biographies: 5:29 pm U.S. ET | July 23

2010 Chevrolet Camaro gets Transformers edition

Sports-car fans who fantasize about being an Autobot can now make their dual fantasy a reality -- with the 2010 Chevrolet Camaro Transformers special edition. 1:09 pm U.S. ET | July 22

THE NEW GENERAL MOTORS

GM's global sales fall 15% in 2nd quarter

General Motors Co.'s worldwide sales fell 15.4 percent in the second quarter, as growth in its Asia-Pacific region helped lessen the blow of continued declines in Europe and North America. 9:27 am U.S. ET | July 22 | UPDATED: 7/22/09 1:35 p.m. ET

THE AUTO INDUSTRY BAILOUT

Key lawmaker urges NADA to join dealer termination talks

The lawmaker who sponsored a bill to reverse dealer terminations by General Motors Co. and Chrysler Group is urging the National Automobile Dealers Association to join settlement talks aimed at seeking an alternative to legislation. 3:53 pm U.S. ET | July 21

THE NEW GENERAL MOTORS

GM's LaNeve to retain N.A. sales, service responsibilities

General Motors' Mark LaNeve, 10 days after losing responsibility for GM's marketing efforts, will remain the company's North American chief of sales and service. 1:27 pm U.S. ET | July 20

THE NEW GENERAL MOTORS

July sales remain weak, GM's Henderson says

The new General Motors, less than a week out of bankruptcy, is grappling with weak U.S. sales so far in July, CEO Fritz Henderson said today. After June's seasonally adjusted annual sales rate slipped to 9. 1:59 pm U.S. ET | July 14

THE NEW GENERAL MOTORS

GM says retailers were asked to air concerns about bill, not forced

General Motors helped orchestrate a campaign inviting as many as 4,000 U.S. dealers to oppose U.S. legislation that would save stores targeted for closing, a spokesman said. 10:05 am U.S. ET | July 14

GM accused of pushing dealers to fight legislation that would save stores

General Motors executives have been pressuring individual dealers to sign a statement saying they oppose legislation that would restore terminated dealerships' rights, according to a U.S. senator, a dealers group and dealer representatives. 12:01 am U.S. ET | July 13

THE NEW GENERAL MOTORS

Is Lutz, 77, the right guy to steer GM marketing?

GM's Bob Lutz has the guts. He's got the name. And he's got the experience. 12:01 am U.S. ET | July 13

THE NEW GENERAL MOTORS

GM may revive Caprice with rebadged Pontiac G8

General Motors is considering a plan to save the Pontiac G8 sedan from extinction by making it the next Chevrolet Caprice sedan, says a source familiar with GM's product planning. 12:07 pm U.S. ET | July 13

THE GM BANKRUPTCY

Toyota says it may end NUMMI operations

Toyota Motor Corp. might close its large California car and truck assembly operation, New United Motor Manufacturing Inc., now that General Motors has exited the 50-50 partnership. 12:01 am U.S. ET | July 13

THE NEW GENERAL MOTORS

‘New GM’ overhauls marketing in bankruptcy exit

General Motors today exited bankruptcy with an overhauled sales and marketing structure, a promise of more management changes and a message that a leaner and meaner automaker is ready to win back American consumers and pay back taxpayers. 7:56 am U.S. ET | July 10 | UPDATED: 7/10/09 11:50 a.m. ET

THE NEW GENERAL MOTORS

Lutz may need to delegate to succeed in new role

With Bob Lutz now in charge of marketing, General Motors' messages should be more consistent companywide. But Lutz will have to delegate to pull it off, dealers and analysts say. 4:53 pm U.S. ET | July 10

THE NEW GENERAL MOTORS

Reaction roundup on GM's exit from bankruptcy

Reaction to the new General Motors was mixed from analysts, pundits and stakeholders after the company emerged from Chapter 11 protection. 11:00 am U.S. ET | July 10

THE NEW GENERAL MOTORS

From GM's plea for aid to bankruptcy exit -- a timeline

General Motors' exit today from bankruptcy wrapped up a 39-day process in Chapter 11 and came eight months after the automaker directly sought federal aid. Here are key events along the way. 8:15 am U.S. ET | July 10

THE NEW GENERAL MOTORS

GM's Lutz reverses decision to retire, gets global 'creative' post

Bob Lutz, the former General Motors product chief who had intended to retire at the end of this year, is staying with the company. 7:41 pm U.S. ET | July 9 | UPDATED: 7/10/09 9:23 a.m. ET

THE GM BANKRUPTCY

GM set to exit bankruptcy, avoid death 'on the operating table'

The best assets of General Motors were set to emerge from a 38-day bankruptcy as General Motors Co., a new entity majority-owned by the U.S. government. GM could complete the asset sale today, spokeswoman Julie Gibson said. 1:40 pm U.S. ET | July 9 | UPDATED: 7/9/09 3:30 p.m. ET

THE GM BANKRUPTCY

House bill to save terminated dealerships passes committee

Terminated dealerships would be restored to their status before General Motors and Chrysler LLC filed for bankruptcy this spring, under legislation that passed a House committee last night. But the measure could face procedural hurdles. 2:44 pm U.S. ET | July 8

THE GM BANKRUPTCY

GM dealers win some access to state courts for disputes

General Motors dealers will get access to state courts for a host of potential disputes with the new car company under an agreement approved by the bankruptcy court. 4:00 pm U.S. ET | July 7

THE GM BANKRUPTCY

The New GM needs marketing blitz, experts say

General Motors and its dealers should prepare for a marketing blitz and even consider lowering prices, analysts say, ahead of the automaker's probable bankruptcy exit that may come as early as this week. 4:18 pm U.S. ET | July 6

THE GM BANKRUPTCY

Buy GM stock at your own risk, GM says

For the second time in less than a month, General Motors has taken the unusual step of warning investors that its stock will likely be worthless once the company exits bankruptcy proceedings. 3:02 pm U.S. ET | July 1 | UPDATED: 7/1/09 4:29 p.m. ET

THE GM BANKRUPTCY

Task force member urges GM's quick exit from bankruptcy

An Obama administration official urged General Motors' bankruptcy judge to approve a swift exit from Chapter 11 to boost consumer confidence in the auto maker. 12:01 am U.S. ET | June 30

THE GM BANKRUPTCY

GM to abandon California joint venture with Toyota

General Motors said today it plans to emerge from bankruptcy protection without its 25-year-old California joint venture with Toyota Motor Corp. GM said it will place its 50 percent ownership stake in New United Motor Manufacturing Inc. 2:31 pm U.S. ET | June 29 | UPDATED: 6/29/09 3:31 p.m. ET

THE GM BANKRUPTCY

GM dealers, litigants want access to state courts

General Motors dealers and car-accident litigants would get continuing access to state courts if dozens of states can influence the Obama administration to amend its bankruptcy plan. 3:40 pm U.S. ET | June 26 | UPDATED: 6/26/09 4:50 p.m. ET

THE GM BANKRUPTCY

Task force did not influence plant decision, Clarke says

The choice to produce General Motors' new small car at its plant in Orion Township, Mich., though political by nature, did not involve the presidential auto task force, GM North America President Troy Clarke said today. 4:21 pm U.S. ET | June 26

THE GM BANKRUPTCY

GM awards small car production to Michigan plant

General Motors said today it will make its new small car in Orion Township, Mich., dashing hopes in Spring Hill, Tenn., and Janesville, Wis., that the car would keep one of their factories alive. 12:01 am U.S. ET | June 26 | UPDATED: 6/26/09 2:52 p.m. ET

GMC Terrain will start at $24,995

GMC will price its new five-passenger Terrain crossover starting at $24,995, including shipping. The Terrain's release in September marks General Motors' shift to include direct injection on mainstream models. 1:51 pm U.S. ET | June 25

SUPPLIERS IN CRISIS

Supplier ordered to resume shipments to Axle

A Michigan judge eased the threat of disruption in the automotive supply chain when American Axle & Manufacturing Holdings Inc. obtained an injunction ordering one of its key steel suppliers to continue shipping. 12:01 am U.S. ET | June 25 | UPDATED: 4/24/09 6:35 p.m. ET

THE GM BANKRUPTCY

GM bidding deadline passes with no new offers

No other company submitted a competing offer to the U.S. Treasury Department's bid to buy the healthy assets of General Motors from Chapter 11 protection, GM spokeswoman Julie Gibson confirmed today. 1:03 pm U.S. ET | June 23 | UPDATED: 6/23/09 2:46 p.m. ET

THE GM BANKRUPTCY

Online shoppers ditch Saturn, Saab and Hummer

Online consumers are bailing out of buying Saturns, Saabs and Hummers even before General Motors can unload those brands to their new owners, according to Web analysis firm Compete. 9:12 am U.S. ET | June 22

THE GM BANKRUPTCY

Small group of GM bondholders objects to sale strategy

A small group of General Motors bondholders formally objected on Friday to the automaker's plans for a speedy sale of its assets in bankruptcy court. 12:01 am U.S. ET | June 22

THE GM BANKRUPTCY

GM's monthly ad budget may reach $50 million

General Motors has been tight-lipped about what it's planning to spend on advertising while in bankruptcy, but Automotive News sister publication Advertising Age has the answer: $40 million to $50 million per month, which comes out... 11:53 am U.S. ET | June 19

Girsky named to GM board, will represent UAW trust

Steve Girsky has been named to the board of bankrupt General Motors as the sole representative of a UAW-administered retiree health care trust. 4:23 pm U.S. ET | June 18 | UPDATED: 6/18/09 6:05 p.m. ET

Vibe production coming to an end

General Motors will stop making the Pontiac Vibe for the U.S. market at the end of August, the automaker announced today. 4:27 pm U.S. ET | June 18

THE GM BANKRUPTCY

GM says dealership restructuring is complete

General Motors says that its dealership restructuring process is complete, and that 30 retailers have refused to sign agreements to either shut down or continue with the entity that emerges from bankruptcy. 4:13 pm U.S. ET | June 18

THE GM BANKRUPTCY

Michigan lawmakers lobby for GM small car plant

Michigan's congressional delegation today urged General Motors to locate its new small-car assembly plant in Orion Township, locking horns with Tennessee and Wisconsin lawmakers who also are bidding for the $600 million-$700 million factory. 12:01 am U.S. ET | June 18

THE GM BANKRUPTCY

GM must make decisions faster, Henderson says

DETROIT -- If General Motors is to succeed, it not only has to restructure its business model and change executive leadership but also must change the way it makes decisions, CEO Fritz Henderson said. 4:35 pm U.S. ET | June 17

SUPPLIERS IN CRISIS

Bosch hopes for boost from Fiat-Chrysler deal

The Fiat-Chrysler deal and new fuel economy rules could boost sales for the world's largest auto supplier, the company's chairman said today. 11:45 am U.S. ET | June 17

THE GM BANKRUPTCY

GM's Henderson says brace for more executive shake-ups

General Motors CEO Fritz Henderson today said that executive leadership changes are coming this year. 4:06 pm U.S. ET | June 16 | UPDATED: 6/16/09 4:47 p.m. ET

SUPPLIERS IN CRISIS

U.S. denies suppliers' request for more aid, trade group says

The U.S. auto task force has shot down suppliers' request for $8 billion to $10 billion in additional federal aid, said Neil De Koker, president of parts trade group Original Equipment Manufacturers Association. 12:09 pm U.S. ET | June 16

THE GM BANKRUPTCY

Which GM brand do consumers want saved?

General Motors is looking to sell three brands and kill off one, Pontiac. And which brand was overwhelmingly named by consumers in a recent survey as the one they'd like to live on? Pontiac. 10:19 am U.S. ET | June 16

GM names Bob Socia to replace Andersson as purchasing chief

General Motors on Monday named longtime purchasing executive Robert Socia, 55, to replace Bo Andersson as GM group vice president for purchasing and supply chain. Socia currently serves as executive vice president Shanghai General Motors. 12:01 am U.S. ET | June 16 | UPDATED: 6/15/09 6:45 p.m. ET

THE GM BANKRUPTCY

GM wants U.S. Saab dealerships to sign a new deal by Friday

General Motors wants its 220 U.S. Saab dealerships to sign a proposed agreement by Friday to prepare for the likely sale of the Swedish brand. 3:18 pm U.S. ET | June 15

U.S. loans to GM, Chrysler saved supply base, Ford says

The U.S. auto supply base was saved from collapse by the government's rescue of Chrysler and General Motors but remains fragile, Ford Motor Co.'s William Clay Ford Jr. said. 10:36 am U.S. ET | June 15

Andersson improved GM-supplier relations, expert says

General Motors' supplier relations improved under global purchasing chief Bo Andersson but would have made greater progress if the company hadn't faced such financial trouble, consultant John Henke Jr. said today. 3:32 pm U.S. ET | June 12

CarsDirect offers free used-car listings to rejected dealers

CarsDirect is offering free used-vehicle inventory listings on its online network to dealers who received franchise termination letters from bankrupt Chrysler LLC and General Motors. 10:02 am U.S. ET | June 12

AUTOMOTIVE NEWS MANUFACTURING CONFERENCE

Auto supply chains are wary during bankruptcies

Transplant automakers remain vulnerable to supply chain interruptions caused by the General Motors and Chrysler LLC bankruptcies, and are keeping in close communications with their suppliers. 12:01 am U.S. ET | June 12

THE GM BANKRUPTCY

GM taps Swedish sports car maker as top Saab bidder, reports say

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. 9:48 am U.S. ET | June 11 | UPDATED: 6/11/09 1:40 p.m. ET

THE GM BANKRUPTCY

GM reverses decision to close 30 dealerships

General Motors has reversed its decision to wind down about 30 dealerships and is reviewing about 500 more requests from dealerships for a reversal. On May 15, GM sent termination letters to 1,124 dealerships. 2:40 pm U.S. ET | June 10

THE GM BANKRUPTCY

Regional GM dealers get creative to clear out inventory

In the months leading up to General Motors filing for bankruptcy, executives of the automaker warned that Americans wouldn't buy new cars and trucks from car company in bankruptcy. 11:46 am U.S. ET | June 10

THE GM BANKRUPTCY

GM sends addendum to surviving dealers

General Motors will be sending 4,100 of its surviving dealers an addendum to the participation agreement it wants them to sign by Friday. Dealers will receive the amended agreement by Federal Express Wednesday. 10:33 am U.S. ET | June 9 | UPDATED: 6/9/09 1:22 p.m. ET

THE GM BANKRUPTCY

Ex-AT&T boss Whitacre to be chairman of 'New GM'

Edward Whitacre Jr., former chairman and CEO of telecommunications giant AT&T Inc., today was selected to become chairman of the new General Motors when the automaker emerges from bankruptcy. 10:42 am U.S. ET | June 9 | UPDATED: 6/9/09 6:28 p.m. ET

THE GM BANKRUPTCY

Louisiana says new GM may not get a state business license

When General Motors emerges from bankruptcy, the new GM and its surviving dealer network may not be granted licenses to do business in Louisiana, warns Lessie House, executive director of the Louisiana Motor Vehicle Commission. 4:27 pm U.S. ET | June 9

THE GM BANKRUPTCY

GM bankruptcy adviser was paid $40 million before filing

AlixPartners L.L.P., the corporate advisory firm guiding General Motors' bankruptcy restructuring, was paid nearly $40 million before the automaker's June 1 Chapter 11 filing and stands to earn more than $13 million as the process continues. 3:06 pm U.S. ET | June 8

THE GM BANKRUPTCY

Saturn dealers to get offers to join Penske this week

Saturn's 350 franchises in the United States will receive letters this week offering them a chance to continue under the brand's new owner, Penske Automotive Group Inc. 5:42 pm U.S. ET | June 8

Penske Automotive agrees to buy GM's Saturn

Auto entrepreneur Roger Penske's Penske Automotive Group has signed an agreement to purchase Saturn from General Motors by the end of the third quarter. 1:36 am U.S. ET | June 5 | UPDATED: 6/5/09 4:10 p.m. ET

THE GM BANKRUPTCY

GM plans to clarify dealer participation pacts

To help curb growing anxiety over General Motors' new “participation agreement” for dealers, GM's sales chief says he will send a “letter of clarification” to dealers early next week. 3:43 pm U.S. ET | June 5

THE GM BANKRUPTCY

Publicis says its GM exposure is $78 million

Publicis Groupe says its maximum financial exposure to its client General Motors' bankruptcy filing is $78 million. 12:56 pm U.S. ET | June 5 | UPDATED: 6/5/09 2:13 p.m. ET

Corker pushes amendment to give dealers more time to shut down

U.S. Sen. Bob Corker, who helped block Congress' efforts to bail out Detroit automakers in December, has introduced legislation that would ensure terminated dealers more time to cease operations and reimbursement for inventory. 12:04 pm U.S. ET | June 5

THE GM BANKRUPTCY

GM's 2nd group of canceled dealers can appeal by June 8

General Motors says dealers who were targeted in a second round of franchise cancellations have until June 8 to appeal. 2:27 pm U.S. ET | June 4 | UPDATED: 6/4/09 4:49 p.m. ET

THE GM BANKRUPTCY

GM expects Hummer sale to clear without snags

General Motors does not expect U.S. regulatory scrutiny to hold up its tentative agreement to sell Hummer to a Chinese machinery maker, CFO Ray Young said. 9:08 am U.S. ET | June 4 | UPDATED: 6/4/09 9:45 a.m. ET

GM's Henderson, under pressure, will provide list of closed stores

General Motors CEO Fritz Henderson reluctantly agreed Wednesday to comply with a senator's request to turn over the bankrupt automaker's list of dealerships to be eliminated. 12:01 am U.S. ET | June 4 | UPDATED: 6/3/09 10:40 a.m. ET

THE GM BANKRUPTCY

GM seeks approval to cancel jet leases

GM executives won't antagonize Congress any more by taking corporate jets to Washington D.C. -- or anyplace else for that matter -- if Bankruptcy Court approves the company's request to cancel its jet leases. 3:16 pm U.S. ET | June 3

THE GM BANKRUPTCY

GM's pain is only limited gain for Asian rivals

Asian automakers can expect further gains in market share during General Motors' reorganization, but those gains likely will be modest. The Chapter 11 filing will scratch GM off some shopping lists. 4:10 pm U.S. ET | June 3

GM to keep responsibility for its pension plans

General Motors will retain responsibility for its pension plans for hourly and salaried employees under the bankruptcy reorganization plan worked out with the U.S. government. 9:46 am U.S. ET | June 3

THE GM BANKRUPTCY

GM offers dealers up to $1 million to wind down stores

General Motors is offering some dealerships $100,000 to $1 million to wind down their businesses over the next 17 months, according to three sources familiar with the proposals. 12:01 am U.S. ET | June 3

THE GM BANKRUPTCY

Ford raises concerns over government ownership, competition

With both General Motors and Chrysler LLC in bankruptcy, Ford Motor Co. is calling for the U.S. government to maintain a level playing field for all auto manufacturers. 12:01 am U.S. ET | June 2 | UPDATED: 6/2/09 5:09 p.m. ET

THE GM BANKRUPTCY

GM approved for $15 billion in U.S. bankruptcy financing

U.S. Bankruptcy Judge Robert Gerber late Monday approved interim bankruptcy financing of $15 billion until the court can act on a GM request for total debtor-in-possession financing of $33.3 billion. Of the $33.3 billion, the U.S. 12:01 am U.S. ET | June 2 | UPDATED: 6/2/09 5:09 p.m. ET

THE GM BANKRUPTCY

Chinese buyer will expand Hummer lineup, keep dealers, Hummer CEO says

The Chinese manufacturer planning to buy General Motors' Hummer will expand the brand's lineup -- including alternative powertrains -- and retain its U.S. dealers, Hummer CEO Jim Taylor said today. 12:01 am U.S. ET | June 2 | UPDATED: 6/2/09 4:24 p.m. ET

THE GM BANKRUPTCY

Toyota sees GM buyout as option for NUMMI venture

With General Motors wavering on the future of its California joint venture with Toyota Motor Corp., the Japanese automaker may consider buying out GM's stake. 4:09 pm U.S. ET | June 2

THE GM BANKRUPTCY

GM's Japanese partners want to continue projects

The three Japanese automakers who partner with General Motors in one way or another -- Toyota, Suzuki and Isuzu -- intend to continue cooperating with the new GM when it emerges from Chapter 11 reorganization. 2:59 pm U.S. ET | June 2

THE AUTO INDUSTRY BAILOUT

GM workers face uncertain future in hard times

At 8:15 a.m. on Monday, a General Motors executive gave hourly workers at its assembly plant in Pontiac the news they feared most: The plant would close by October, robbing most of them of their jobs. 1:55 pm U.S. ET | June 2

THE GM BANKRUPTCY

GM wants agreements to weed out low performing dealers

The participation agreements that surviving GM dealers sign will be used as a tool to reward dealer performance and weed out underperforming stores. 11:41 am U.S. ET | June 2

THE GM BANKRUPTCY

GM to prepare stock offering in early 2010

General Motors may register for an initial public stock offering as early as the first quarter of 2010, GM CFO Ray Young said during a call with analysts this morning. Young said the majority new owner of a reorganized GM, the U.S. 11:22 am U.S. ET | June 2

THE GM BANKRUPTCY

GM revival hinges on speedy exit from bankruptcy

The decision to push General Motors into a fast-track bankruptcy and revive the failed American industrial icon with unprecedented federal funding and oversight marks a huge gamble for the Obama administration. 8:00 am U.S. ET | June 1 | UPDATED: 6/1/09 11:55 p.m. ET

THE GM BANKRUPTCY

GM will require dealers to sign 'participation' pacts or lose franchises

General Motors is requiring all surviving dealers to sign a “participation agreement” asking them to comply with any dealership upgrades that the company imposes in bankruptcy. 6:29 pm U.S. ET | June 1

SUPPLIERS IN CRISIS

Delphi plans to emerge from bankruptcy with more GM aid

Delphi Corp. said today that it will receive $250 million from General Motors as part of Delphi's new agreement to emerge from Chapter 11 bankruptcy protection. Delphi also said it agreed to sell to GM its global steering operations and four U.S. 3:01 pm U.S. ET | June 1 | UPDATED: 6/1/09 5:40 p.m. ET

THE GM BANKRUPTCY

Fritz Henderson's inside take on the battle to save GM

As its financial losses mounted in 2005, an increasingly anxious GM sought to cut costs and raise cash. Those efforts proved futile after the global financial crisis hit last fall. GM's exhaustive effort to avoid bankruptcy continued through May. 4:20 pm U.S. ET | June 1

THE GM BANKRUPTCY

GM to launch 'reinvention' ad campaign

The attempted reinvention of General Motors' image begins this week. 4:50 pm U.S. ET | June 1 | UPDATED: 6/1/09 6:16 p.m. ET

THE GM BANKRUPTCY

Lawmakers lobby for GM small car plant in their districts

Lawmakers have started lobbying General Motors to locate its new small-car plant in their districts. The company said last week it will retool an idled UAW-GM facility to make as many as 160,000 small and compact vehicles a year. 4:21 pm U.S. ET | June 1 | UPDATED: 6/1/09 5:27 p.m. ET

THE GM BANKRUPTCY

Obama pledges to let GM execs and board run the company

President Barack Obama said the U.S. government would refrain from "all but the most fundamental corporate decisions" about General Motors, leaving company executives to run the new company that will emerge from bankruptcy. 3:22 pm U.S. ET | June 1

THE GM BANKRUPTCY

GM dealers feel some relief -- and express a lot of concern

Dealers greeted today's Chapter 11 filing by General Motors with a mixture of sadness and relief, but some worry that the government has misjudged how much the economy will be jolted. 12:46 pm U.S. ET | June 1 | UPDATED: 6/1/09 4:41 p.m. ET

THE GM BANKRUPTCY

For GM, it's been 4 years of restructuring already

GM has battled overseas rivals, legacy costs, government rules and fluctuating gasoline prices since its U.S. market share peaked in 1962 at 51.1 percent. 6:49 am U.S. ET | June 1

THE GM BANKRUPTCY

Reaction roundup on GM's Chapter 11 filing

Reaction to General Motors' Monday Chapter 11 filing came from all quarters -- politicians, media pundits, industry executives, labor leaders and others. Here's a sampling. 2:35 pm U.S. ET | June 1

THE GM BANKRUPTCY

Chroniclers of GM's woe say bankruptcy may be the fix

Three authors who have made names for themselves by exposing General Motors' weaknesses say bankruptcy will provide the best chance for a long-term fix. 8:43 am U.S. ET | June 1

THE GM BANKRUPTCY

From 'not an option' to Chapter 11 -- A bankruptcy timeline

General Motors filed for Chapter 11 bankruptcy today, capping an eight-month saga that began with a rejection of the possibility as "exaggerated." 6:32 am U.S. ET | June 1

THE GM BANKRUPTCY

Toyota wants to keep NUMMI partnership with GM

Toyota Motor Corp. wants to maintain its 25-year partnership with General Motors at the California plant that builds the Pontiac Vibe, Toyota Tacoma pickup and Toyota Corolla compact sedan. 12:58 pm U.S. ET | June 1 | UPDATED: 6/1/09 1:21 p.m. ET

THE GM BANKRUPTCY

GM moving production of Traverse to Lansing-Delta plant

General Motors will transfer production of its Chevrolet Traverse crossover from Spring Hill, Tenn., to its Lansing-Delta plant, in Delta Township, Mich., a GM spokesman confirmed today. 1:11 pm U.S. ET | June 1

THE GM BANKRUPTCY

GM vows to preserve 18-month grace period for terminated dealers

General Motors' 1,124 rejected dealers can rest somewhat easier after the company's bankruptcy filing today. GM says it is sticking with the plan to keep the dealers through Oct. 31, 2010, when GM's franchise agreement expires. 12:04 pm U.S. ET | June 1

THE GM BANKRUPTCY

GM identifies 14 plants to be closed or idled

As part of its restructuring under U.S. bankruptcy protection, General Motors today unveiled the 14 production facilities slated to idle or close by year-end 2010. Four assembly plants will close or idle: Wilmington, Del.; Pontiac, Mich. 9:41 am U.S. ET | June 1

THE GM BANKRUPTCY

GM bankruptcy won't affect sale of European assets

General Motors' U.S. bankruptcy filing will not obstruct plans to sell the company's subsidiaries in Europe -- a process that is advancing while plenty of issues remain unresolved. 10:39 am U.S. ET | June 1

THE GM BANKRUPTCY

Suppliers dominate GM's top 25 creditors

Here is a list of General Motors' 25 largest creditors, excluding unions and bond holders, according to court documents filed this morning in New York Bankruptcy Court. 10:20 am U.S. ET | June 1

THE GM BANKRUPTCY

What happens to GM dealers? Chrysler provides clues

The course for a General Motors bankruptcy has been made clearer by Chrysler LLC's filing on April 30. Here's how major issues facing dealers and suppliers played out in Chrysler's case -- and how they might at GM. 9:00 am U.S. ET | June 1

THE GM BANKRUPTCY

How would you pitch the GM account?

With General Motors following Chrysler today onto the rust heap of tarnished brands, there are plenty of shoulda-coulda-wouldas to be found. 7:29 am U.S. ET | June 1

THE GM BANKRUPTCY

GM North America Manufacturing Plants, as of May 2009

Assembly plants, powertrain plants, stamping plants and other facilities 12:01 am U.S. ET | June 1

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