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Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry. 12:01 am U.S. ET | Nov. 7

The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal's structure, a senior U.S. Treasury official said on Thursday. 12:01 am U.S. ET | Nov. 6

General Motors Co. is outperforming the targets set in its earnings viability plan outlined in April, CEO Fritz Henderson said today. 12:17 pm U.S. ET | Nov. 5 | UPDATED: 11/5/09 3:04 p.m. ET
   • GM aims to double Chevy sales in Europe
   • GM confident of financing Opel restructuring
   • Henderson wants to mend fences with German labor
   • German unions protest GM decision to keep Opel
   • GM aims to double Chevy sales in Europe

GMAC narrows losses in Q3; auto operations profitable

GMAC Financial Services reduced its third-quarter net loss to $767 million from $2.5 billion for the same period last year and from $3.9 billion in the previous quarter this year. 9:01 am U.S. ET | Nov. 4 | UPDATED: 11/4/09 11:29 a.m. ET

GM, citing improved financial health, decides to keep Opel

General Motors Co. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna International Inc. 5:21 pm U.S. ET | Nov. 3 | UPDATED: 11/03/09 8:50 p.m. ET

GM reports $13.6 billion cash in escrow account

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday. 12:01 am U.S. ET | Nov. 3

Dura eyes suppliers, sees consolidation

Dura Automotive Systems Inc. is looking at acquiring the assets of an Asian and a European auto parts supplier and will consider more opportunities as supplier valuations become cheaper, its CEO told Reuters today. 12:00 pm U.S. ET | Nov. 3

Jerry York cautious on Chrysler prospects

A former top executive at Chrysler said on Monday that the No. 3 U.S. automaker, which emerged from bankruptcy in June by selling most of its assets to Italy's Fiat S.p.A., has less than a 50 percent chance of long-term survival. 9:00 am U.S. ET | Nov. 3

GAO questions if Treasury can monitor GM, Chrysler

The Obama administration's ability to decide when and how to sell its stakes in General Motors Co. and Chrysler Group is undercut by the rapidly declining staff of the auto task force and its accompanying loss of expertise, Congress' watchdog says. 4:13 pm U.S. ET | Nov. 2

Analyst says dealer cuts ‘didn't make any sense'

General Motors Co.'s and Chrysler Group's dealer cuts will erode the companies' market share in small- and mid-sized markets, auto industry researcher David Cole said last week. 12:01 am U.S. ET | Nov. 2

GMAC may need less of an infusion, Geithner says

GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today. 12:31 pm U.S. ET | Oct. 29

GM CEO says amount of government aid sufficient

General Motors Co. has no plans to request more government aid, CEO Fritz Henderson told the Washington Post on Wednesday. 2:00 pm U.S. ET | Oct. 28

GMAC negotiating for more Treasury help

GMAC Financial Services Inc. is talking with the U.S. Treasury Department about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night. 12:01 am U.S. ET | Oct. 28 | UPDATED: 10/28/09 11:04 a.m. ET

Henderson to take 25% salary cut as part of Treasury action

General Motors Co. CEO Fritz Henderson's annual salary is being cut by 25 percent to $950,000 as part of the Obama administration's pay reductions for the top 175 executives at seven companies that got federal bailouts. 5:05 pm U.S. ET | Oct. 22 | UPDATED: 10/22/09 5:28 p.m. ET

Pay czar expected to cut executive payouts by 90%

The Obama administration plans to order that the top earners at firms that received government bailouts -- including General Motors, GMAC, Chrysler, and Chrysler Financial -- will see their cash payouts cut by an average of about 90 percent from... 3:00 pm U.S. ET | Oct. 21 | UPDATED: 10/22/09 8:48 a.m. ET

GM management had 'lack of financial discipline,' Rattner says

Former General Motors CEO Rick Wagoner and his aides were “sequestered” and “insular,” presided over a “lack of financial discipline” at the company and blamed everything but their own management for the company's... 10:46 am U.S. ET | Oct. 21 | UPDATED: 10/21/09 4:22 p.m. ET

GM, Chrysler dealer closings to be audited by U.S.

The dealership terminations by General Motors Co. and Chrysler Group will be audited by the inspector general for the U.S. Treasury Department's financial bailout, the inspector said in congressional testimony. 12:01 am U.S. ET | Sept. 24 | UPDATED: 9/24/09 3:57 p.m. ET

GM sets expenses policy under U.S. guidelines

General Motors Co. employees using company funds for travel costs must stay in standard single rooms, rent cheap GM cars and, unless they're top-level executives, buy the cheapest economy airline tickets available. 4:07 pm U.S. ET | Sept. 15

Bloom gets new duties, will remain task force chief

Ron Bloom, the Obama administration's point man overseeing the U.S. auto industry, on Monday was named to lead an effort aimed at revitalizing America's hard-hit manufacturing industry. 12:01 am U.S. ET | Sept. 8 | UPDATED: 9/9/09 12:13 p.m. EDT

Auto task force watching suppliers, but holds off on aid

The President's automotive task force remains opposed to additional aid to automotive suppliers, though the group concedes the popular cash-for-clunkers program may exacerbate suppliers' cash pressures, said task force chief Ron Bloom. 3:01 pm U.S. ET | Aug. 5

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

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

Government ends warranty program for GM, Chrysler

The Obama administration's automotive task force, after successfully moving General Motors and Chrysler Group out of bankruptcy protection, is ending the government-financed warranty program for the two automakers. 11:39 am U.S. ET | July 21 | UPDATED: 7/21/09 4:21 p.m. ET

Obama records on GM rescue sought by Congress

A House committee forwarded a Republican leader's request for all Obama administration documents relating to the General Motors and Chrysler bankruptcies and the federal bailout of the automakers. 3:23 pm U.S. ET | July 17

Obama opposes dealer termination legislation

The Obama administration said today it “strongly opposes” legislation to reverse terminations of thousands of General Motors and Chrysler auto dealerships by bankruptcy courts. 3:14 pm U.S. ET | July 15

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