GM
GM Reports First Quarterly Profit Since 2007
By Chris Haak General Motors Company has released its first quarter 2010 earnings report, and the news is actually pretty good for a change. Helped by massive restructuring,...
GM May Return to Captive Finance
By Chris Haak Back in 2006 when GM sold a 51 percent controlling stake in GMAC to a consortium led by Cerberus Capital Management, many saw it as a sign that the company was...
GM Hires Joel Ewanick from Nissan to Lead Marketing
By Chris Haak GM announced today that its head of marketing, Susan Docherty, is now its former head of marketing. Prior to that, Ms. Docherty had previously been head of...
Geithner Claims “Reasonable Chance” GM and Chrysler Will Repay Aid
But of course, there's a catch. By Chris Haak US Treasury Secretary Timothy Geithner told the Senate Appropriations Subcommittee that taxpayers were still at risk of loss from...
Is GM Overhyping its “Loan Repayment?”
By Chris Haak Since Wednesday, GM has been making a big deal about its repayment of the remaining $5.8 billion balance of government loans ($4.7 billion to the US and $1.1...
GM Will Reinstate 661 Rejected Dealerships
By Chris Haak The saga of rejected dealerships - a fallout of the bankruptcies last year of both GM and Chrysler - took another dramatic turn in the past 24 hours. GM announced...
GM’s Bob Lutz to Retire on May 1
General Motors Vice Chairman Bob Lutz, who is perhaps the most active septuagenarian in the auto industry, and a man who has forgotten more than most others in the business will...
GM Re-Hires Ex-CEO Fritz Henderson as Consultant, Reveals Whitacre’s Pay...
By Chris Haak 02.21.2010 In a surprising twist, GM has disclosed that it re-hired deposed CEO Fritz Henderson, whose brief tenure as President and CEO lasted from March 31, 2009...
GM’s Advanced Design Pickup Trucks, 1947-1955
By Dennis Haak 01.28.2010 Sometimes, it's nice to take a step back from talk of bankruptcies, recalls, CO2 emissions, Cash for Clunkers, and the new-car market generally, and...
GM Tells Government It Won’t Need $2B Loan Installment for March 2009
By Chris Haak 03.12.2009 In a very rare bit of good news for GM, the company has told the Obama Administration's auto task force (the Presidential Task Force on The Auto...