GMC News

A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president.

Smoke and flashing lights, dancing girls in white go-go boots _ the world's top automakers put on dazzling shows Tuesday as they wooed Chinese buyers with their latest models.

But for all the flash at this year's Guangzhou Auto Show, automakers face a dimmer outlook for global sales, even here in the world's second-largest vehicle market.

Just as General Motors Corp. and other manufacturers are desperately looking to emerging markets to compensate for falling sales in the U.S., Europe and Japan, potential car buyers in China, Russia and other once sizzling markets are pulling back.

The chief executive of a major U.S. bank that received $25 billion from the government's financial bailout package said Tuesday that federal aid shouldn't be dispensed to the ailing Detroit Three automakers - ...

While two of the Detroit Three have no new models to unveil at this year's Los Angeles Auto Show, Ford Motor Co.

If it's no surprise that Michigan lawmakers are behind the pitch for a $25 billion lifeline for Detroit automakers, then it might be just as predictable that Southerners would be leading the charge against it.

Ford Motor Co will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker in the latest sign of desperation among the U.S. Big Three as they scramble to ...

One day before the press converge on the LA Auto Show , General Motors has released pricing on its 2009 Chevrolet Silverado Hybrid , 2009 GMC Sierra Hybrid and the 2009 Pontiac G3 .

U.S. automakers urgently need a federal loan to survive, United Auto Workers President Ron Gettelfinger said on Saturday, but their work force should not be blamed for the industry crisis.

United Auto Workers President Ron Gettelfinger will tell a Senate panel today that Detroit's Big Three automakers face liquidation if forced into bankruptcy and warned that taxpayers would have to pay at least ...

General Motors Corp. put three new models for China on show Tuesday, maneuvering to keep its edge in a market vital to its future as it struggles for survival back home.

Senate Democrats took the first step toward bailing out the nation's crippled auto industry on Monday by proposing a $25 billion loan program, a plan that faces stiff political headwinds with millions of jobs ...

Prospects dimmed on Monday for the $25 billion bailout that U.S. automakers say they desperately need to get through a bleak and dangerous December.

Cash-strapped General Motors Corp. said Monday it will delay reimbursing its dealers for rebates and other sales incentives, an indication that the company is starting to have cash-flow problems.

New United Motor Manufacturing Inc , a Toyota Motor Corp and General Motors Corp joint venture, likely will reduce the operation hours of some production lines at a California factory in January, according to ...

As Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad ...

Top Republican senators said Sunday they will oppose a Democratic plan to bail out Detroit automakers, calling the U.S. industry a 'dinosaur' whose 'day of reckoning' is coming. Their opposition raises serious doubts about whether the plan will pass in this week's postelection session.

Democratic leaders want to use $25 billion of the $700 billion financial industry bailout to help General Motors Corp., Ford Motor Co. and Chrysler LLC.

Sens. Richard Shelby of Alabama and Jon Kyl of Arizona said it would be a mistake to use any of the Wall Street rescue money to prop up the automakers. They said an auto bailout would only postpone the industry's demise.

The financial woes of U.S. automakers have grabbed Washington's attention, but similar problems at auto suppliers have the potential to set off a cataclysmic chain of events in the industry if key parts makers run out of cash and fail.

As with the automakers, auto suppliers' sales have tumbled this year because of the steep drop in demand for new vehicles.

That has forced suppliers to burn through their cash reserves and slash their costs to stay in business, said Craig Fitzgerald, an automotive analyst with Southfield, Mich.-based Plante & Moran PLLP, which advises about 400 small and midsize auto suppliers.

As the debate on a federal bailout for the U.S. Big Three automakers begins Monday in a lame-duck session of the Senate, workers at the General Motors Corp.

THE South Korean unit of General Motors Corp has announced a two-week shutdown of its plants due to slow sales.

Nov 14, 2008 6:30 am US/Central Wall Street looked to give back some of the gains from the previous session's huge rally Friday, as investors again focused their concerns on the slumping global economy.