Browsing Tag

General Motors

GM chief to get $8.5 million

General Motors might be bankrupt but their chief wouldn’t retire poor, that’s for sure. Never mind if he would be getting $12 million less than

July 15, 2009 Automotives

General Motors bankruptcy approved

General Motors, America’s largest automaker, is now officially bust. Its plan to restructure with the help of the federal government has finally been approved by

July 06, 2009 Automotives

Stocks rally despite GM bankruptcy

General Motors have began the process of filing for bankruptcy protection leaving many wondering if that would send the Wall Street plummeting again. However, contrary

June 01, 2009 Stocks

GM execs discuss brankruptcy plan

Seems like that’s it for General Motors and their long corporate history. Senior GM executives are meeting to discuss the process of filing bankruptcy protection.

May 31, 2009 Automotives, Corporate

GMAC to cut $1 billion in costs

The government will be channeling $7.5 billion more bailout funds into GMAC to help the struggling automotive industry. It’s good news then that GMAC will

May 25, 2009 Automotives
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