The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker.
Ford Motor Co., the only U.S. automaker to avoid bankruptcy this year, posted a surprise $997 million profit in the third quarter and said it expects 2011 to be "solidly profitable." The report sent Ford's shares up 8.3 percent in…
By Lea Winerman
General Motors Corp. CEO Fritz Henderson announced Friday that the company emerged from bankruptcy and now begins the task of remaking the struggling American carmaker that was once the world's largest and most powerful.
By PBS NewsHour
In shooting a story on the GM bankruptcy that will air tonight, we asked a group of United Auto Worker retirees to put their questions directly to UAW President Ron Gettelfinger. Here are their…
Question: I keep hearing that GM has to shed brands and cut dealerships, but I don’t understand it. Is the logic simply that GM makes too many distinct carlines to be profitable given its total sales volume? Economies of…
By PBS NewsHour
The new chief of General Motors Corp. said Tuesday that the struggling automaker will likely shutter more U.S. plants and cut jobs as it embarks on a "deeper" company restructuring.
By Admin and PBS NewsHour
Chrysler LLC announced Thursday it plans to cut up to 12,000 jobs as part of the automaker's ongoing effort to reduce costs and adjust to slowing demand for some of its vehicles.
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