Auto Industry’s Reputation on Mend
After having hit bottom with the 2009 GM and Chrysler bankruptcies - and then the safety scandal at Toyota - the reputation of the auto industry has sharply improved, according to a new study. But,...
View ArticleGM Earnings Dip 15% During 2nd Quarter
Half empty or half full? GM reported a 15% decline in third-quarter earnings. But, as TheDetroitBureau.com reports, that was still solidly above analyst expectations and the maker's 7th consecutive...
View ArticleHas America Gotten Over “Government Motors”?
Have Americans finally gotten over their anger about "Government Motors"? That's something GM CEO Dan Akerson addresses -- while also warning the remaining shares held by U.S. taxpayers won't be going...
View ArticleFormer GM Chairman John Smale Dead at 84
The man often billed as the "consummate outsider," who led GM through one of its most troubled eras, has died. TheDetroitBureau.com takes a look at former GM Chairman and Procter & Gamble CEO John...
View ArticleGM Could Cut More White-Collar Jobs
GM's goal of boosting margins to match rivals like Ford, VW and Hyundai could mean significant white-collar job cuts. More from TheDetroitBureau.com.
View ArticleBush Considered Faster GM, Chrysler Bankruptcies
An until-now secret memo outlines the original Bush Admin. plans to save Chrysler and GM, the former president offering billions to hold the makers over while considering whether to rush them into...
View ArticleGM Execs’ Pay Frozen by Feds
Pity poor Dan Akerson. While his counterpart at Ford, CEO Alan Mulally, took home over $27 million last year, Akerson's pay was limited to only $9 mil, and will be frozen for 2012 by a federal...
View ArticleSurvey: Many New Car Buyers Think General Motors Will Have to File Bankruptcy...
A new report from an automotive industry newsletter says nearly a quarter of all potential car buyers are concerned that General Motors will file for bankruptcy again within the next few years. CNW...
View ArticleGM Denies CEO Demanding 20% Pay Hike
GM describes as "false" widespread reports that CEO Dan Akerson will ask for a 20% pay hike this year. Akerson and other senior GM execs remain subject to a federal pay "czar" under terms of the...
View ArticleGM Abandons the Big Apple
General Motors will close its New York Treasurers office and move the operation to Detroit by the middle of next year in what amounts to a wholesale shakeup of GM's corporate culture, which has long...
View ArticleGM Share Price Needs to Nearly Triple for Taxpayers to Break Even
The good news for shareholders is that General Motors shares are on a rise, gaining more than 25% in value so far this year; however, it's not good enough news for U.S. taxpayers, who received 61% of...
View ArticleGM Struggles to Change Perceptions
Products like the Chevrolet Sonic are showing it's possible for GM to match and even exceed the quality of its import rivals -- but the maker still struggles to convince potential buyers....
View ArticleGM’s Eroding Market Share Raises Concerns
Despite winning wide praise for improved quality and creative new products, GM continues to lose market share, and that's raising concerns about its competitiveness, warns a new federal report....
View ArticleOld Problems Still Likely to Dog New GM CEO Mary Barra
She's had an unlikely ascent from shop rat to CEO. But Mary Barra has earned her new post as GM's chief executive, according to this in-depth report from TheDetroitBureau.com which looks at how she got...
View ArticleBankruptcy May Save GM Once Again
Bankruptcy saved General Motors and it may save the company again, at least from a significant liability issue and the millions of dollars that might go with it. When the new company was formed, it...
View ArticleA 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...
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