Economy May 07

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GM Reports Heavy Losses in the First Quarter

General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter.

Economy Apr 23

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General Motors to Idle Plants for up to 10 Weeks

General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower…

Economy Mar 30

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GM CEO Ousted as Obama Details Auto Plan

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.

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