A Decade Later: Olds Was the Canary in GM’s Coal Mine
It was supposed to be the car that would help save the troubled brand. But instead, the dark red Alero that rolled down the line on April 29, 2004 was the last car Oldsmobile would ever build. And,...
View ArticleTaxpayers Taking Bigger Hit on GM Bailout
U.S. taxpayers are taking a bigger loss on the General Motors bailout package than $10.3 billion originally reported. Due to an accounting error, the loss is actually $11.2 billion, according to a...
View ArticleFederal Judge Urges Settlement of GM Lawsuits
A federal judge is encouraging attorneys to settle over 100 lawsuits that have been brought against General Motors in cases involving the maker’s defective ignition switches. More from...
View ArticleGovernment Lost $9.26 Billion Saving Auto Industry
The U.S. government lost less than $10 billion rescuing the auto industry, which was four times less than some estimates. The Treasury initially estimated the loss would be $44 billion, but revised it...
View ArticleGM Gets Deadline Flurry of Compensation Claims
The Jan. 31 deadline for claims to General Motors’ victim compensation fund spurred a flurry of 1,100 new filings, including more than 100 new claims for death benefits. The total number of claims is...
View ArticleGM Bankruptcy Judge May Rescind Liability Shield
After securing an important court victory in January, General Motors is on the precipice of a potentially devastating loss as the federal bankruptcy judge that approved the maker’s plan is rethinking...
View ArticleGM, Ford Insist They Will Remain Profitable in Deep Recession
Seven years after Detroit’s auto industry nearly collapsed, officials at the two largest domestic makers are taking pains to assure investors they will not only survive but thrive during the next big...
View ArticleGM’s Legal Problems Continue to Grow
For GM, or its legal team anyway, its 2009 bankruptcy is a never-ending battle. In the latest round, unsecured creditors scored a win! Find out what at TheDetroitBureau.com.
View ArticleNew Film Reveals the Reality of the Auto Bailout
It had once seemed impossible, but in 2009 it became clear that GM - and Chrysler - were heading for bankruptcy. They were saved only with the help of $62.5 bil in federal aid. What went wrong? Who was...
View ArticleBad Week for Those Suing Takata, GM
Motorists looking for settlements in two of the biggest safety scandals in years got some unpleasant surprises this week. A court in DE has put on hold 100s of lawsuits targeting Takata over faulty...
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