General Motors, a longtime cornerstone of American industrial power, filed for bankruptcy protection Monday morning and embarked on a broad restructuring, paving the way for the struggling automaker to receive another $30 billion in taxpayer aid.
May 27

By PBS NewsHour
An offer by General Motors to its bondholders to trade bond debt for company stock fell through just days before the company must submit a government-ordered restructuring plan.
Apr 27

By PBS NewsHour
General Motors Corp. revealed restructuring plans Monday that include cutting 21,000 U.S. factory jobs by next year and phasing out its Pontiac brand.
Apr 24

By PBS NewsHour
Ford Motor Co. posted a smaller-than-expected $1.4 billion loss for the first quarter on Friday, saying that it burned through less of its cash and reiterating that it still doesn't expect to ask the government for financial help.
Mar 30

By Admin, PBS NewsHour
After months of dire sales predictions and billions loaned in government aid, President Barack Obama laid out a series of tough terms for ailing U.S. automakers, including the ouster of General Motors CEO Rick Wagoner.
Question: I am curious how you believe we should balance helping big companies with also helping their customers. The number one basic business principle is: Businesses don’t do well without customers. Solution: Provide customers. Here’s a case in…
Feb 16

By Admin, PBS NewsHour
One day before General Motors and Chrysler are required to submit restructuring plans to Congress, it was widely reported that President Barack Obama has decided to scrap plans to appoint a "car czar" who would oversee the automakers' restructuring.
Feb 06

By PBS NewsHour
The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.
Feb 03

By PBS NewsHour
Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a…
Jan 05

By PBS NewsHour
December marked another dismal month for automakers with new figures showing overall sales declines of more than 30 percent as the U.S. auto industry continues to struggle amid the economic downturn.
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