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GM RESTRUCTURING
General Motors layoffs: GM replaces over 1,000 workers with 50 robots at US flagship plant in Michigan, says "we are implementing..."General Motors Detroit plant robots: General Motors has introduced 50 collaborative robots at its Factory Zero plant, a move that has led t...- Discontinued jewel loan waiver scheme to be reconsidered by govt: TN minister V GandhirajThe Tamil Nadu government is considering reviving past welfare programs. Cooperation Minister V Gandhiraj stated that discontinued schemes,...
- Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assetsGeneral Motors is taking a $5 billion hit due to losses in its Chinese joint ventures. The company will write down assets and restructure, ...
- GM says Saab decision due later this month or FebGeneral Motors Co's top European executive says a final decision on the fate of its Saab brand will come either this month or next.
- Opel workers say they will help cut costs for GMOpel workers are ready to help cut costs as GM moves to restructure its European operation.
- GM scraps Opel sale; to embark on European biz restructuringUS car maker General Motors has scrapped plans to sell its European operations, including Opel, and will initiate restructuring efforts wor...
- GM to cancel sale, keep European unit OpelGeneral Motors said on Tuesday its board decided to keep Opel, scrapping an on-again, off-again plan to sell its big European division.
- Experts say GM bankruptcy almost inevitableFor General Motors Corp, the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
- GM details plans to wipe out current shareholdersGM detailed plans to all but wipe out the holdings of remaining shareholders by issuing up to 60 billion new shares in a bid to pay off deb...
- Latest GM measures, an important step: White HouseNew GM cost-cutting measures including restructuring 27 billion dollars in debt by offering a swap of common stock for bonds mark "an impor...
- Latest GM measures 'an important step:' White HouseNew GM cost-cutting measures including restructuring 27 billion dollars in debt by offering a swap of common stock for bonds mark "an impor...
- GM to cut 21,000 US factory jobs, sheds PontiacGM is living on $15.4 bn in government loans and faces a June 1 deadline to restructure and get more government money. Key dates in GM's hi...
- Treasury lends $2 bn more to General MotorsTaxpayers invested another $2 billion in General Motors Corp. this week as the struggling auto giant continued efforts to restructure and a...
- GM to temporarily shut 13 plants, cut productionGM said the shutdowns will help control high dealer inventories and bring manufacturing in line with sales.
- US govt may convert part of GM loan into equityThe US govt is considering swapping some of the $13.4-billion GM owes it for an equity stake in a stripped-down version of the carmaker, sa...
- GM eyes possible bankruptcy: WSJTroubled US automaker General Motors is set to renegotiate a less advantageous deal with bondholders to restructure its debt, but a bankrup...
- GM 'prepared' for possible bankruptcyAiling US auto giant General Motors has said it is "prepared" for bankruptcy proceedings if not able to restructure out of court, according...
- US govt seen veering to bankruptcy option for Big AutoPresident Barack Obama believes a quick, negotiated bankruptcy is the most likely way for General Motors Corp to restructure and become a c...
- Who will call the shots at GM?President Barack Obama, in detailing his plans for the industry Monday, said the government has no interest in running GM.
- GM gets 60 days for new cost-cutting plan: ReportThe White House has given US automaker General Motors 60 days to present a new cost-cutting plan to qualify for more government loans, the ...
Load More- GM says Saab decision due later this month or Feb
