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January 18, 2010
Old GM shares make unlikely resurgence
...of the year on Friday, shares of the old GM, now known as Motors Liquidation Company...repeated warnings from the restructured GM, the Securities and Exchange Commission...more than 500,000 contracts abandoned by GM during its court-supervised restructuring... By Bernard Simon in Toronto
January 19, 2010
Shares in old GM climb to value 'worthless' company at $500m
...of the year on Friday, shares of the old GM, now known as Motors Liquidation Company...repeated warnings from the restructured GM, the Securities and Exchange Commission...more than 500,000 contracts abandoned by GM during its court-supervised restructuring... By Bernard Simon in Toronto
January 26, 2010
GM agrees Spyker deal for Saab
...brings an end to a year-long effort by GM to find a buyer for Saab as part of its bid to offload loss-making non-core brands.GM had started to wind down the Swedish company...idiosyncratic design and innovative technology.GM will receive $74m in cash and $326m in preferred... By Andrew Ward in Stockholm and John Reed in London
January 24, 2010
GM closes in on sale of Saab to Spyker
...Monday, bringing a halt to preparations by GM to close one of Sweden’s most iconic brands...technology. It would also mark a step forward in GM’s efforts to off-load non-core brands...royal family, has been negotiating with GM since the collapse of an earlier deal to... By Andrew Ward in Stockholm and John Reed in London
January 26, 2010
Whitacre secures chief's job at GM
...ago after less than a year at the helm of GM, which is majority-owned by the US government...government rescue and controlled bankruptcies of GM and Chrylser last year, said: "We were...appoint Mr Whitacre]." Mr Whitacre said GM would finish repaying the $6.7bn of US... By Bernard Simon in Toronto, John Reed in London and Tom,Braithwaite in Washington
January 25, 2010
GM’s “permanent” CEO
...would be difficult to bring in the requisite talent given GM’s government control. This is difficult to swallow. Diminished though it may be, GM is still GM, the largest industrial company in the world’s largest...
February 4, 2010
Warning to Toyota: speed can kill
...to be recalled in Europe. As Toyota halts further sales of affected models, rivals are swooping in to snatch its customers: GM, Ford, and Hyundai have offered $1,000 rebates for traded-in Toyotas.A recall is a routine occurrence in the industry...
February 5, 2010
Toyota’s long climb comes to an abrupt halt
...warning signal” and “an emergency”.Toyota’s expansion formally went into reverse in 2009, just after it overtook GM as the largest carmaker, when it reported a record loss and shelved plans to open its 11th US plant.Mr Toyoda on Friday promised... By John Reed in London and Bernard Simon in Toronto
February 6, 2010
Toyota's long climb comes to an abrupt halt
...as a "warning signal" and "an emergency".Toyota's expansion formally went into reverse in 2009, just after it overtook GM as the largest carmaker, when it reported a record loss and shelved plans to open its 11th US plant.Mr Toyoda yesterday promised... By John Reed in London and Bernard Simon in Toronto
January 12, 2010
GM gears up for overhaul in Europe
...in keeping with a drive by Ed Whitacre, GM’s new chief executive, to demand more...process for almost a year. Nick Reilly, GM’s head of European operations, said...Monday that would see previously separate GM Europe and Opel management structures merged... By John Reed in Detroit