Oldsmobile 88 News

General Motors Co. Chief Executive Officer Fritz Henderson has the boarda s backing and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said.

In credit bids, creditors apply what they are owed to bids to buy bankrupt companies beholden to them.

Auto shoppers may not find their preferred colors or accessories when they visit US showrooms this weekend as the government's "cash for clunkers" program depletes inventories.

Auto shoppers may not find their preferred colors or accessories when they visit U.S. showrooms this weekend as the governmenta s a oecash for clunkersa program depletes inventories.

From a yard-bound heap to a gleaming powder blue and white vision of perfection, locals Julian Nix and Bill Horsley spoke with pride about their rejuvenated project.

General Motors Co. named TPG Capital LP founder David Bonderman and Carlyle Group's Daniel Akerson among government appointees on the reorganized board shaping the biggest U.S. automaker's post-bankruptcy future.

General Motors Co. named TPG Capital LP founder David Bonderman and Carlyle Groupa s Daniel Akerson among government appointees on the reorganized board shaping the biggest U.S. automakera s post-bankruptcy future.

Deborah Deasy can be reached via e-mail or at 412-320-7989. General Motors no longer sells Oldsmobiles, but here's your chance to find -- or maybe buy -- a Cutlass, Delta 88 or Toronado in showroom condition.

1, with reduced payout Former General Motors Corp. Chief Executive Officer Rick Wagoner, who was eligible for $20.2 million in retirement pay under previous agreements, will get about $8.5 million over the next five years, the company said.

Local mechanics have seen some unusual items under vehicles as people try to do their own repairs.

Less than six weeks after filing for protection from its creditors, General Motors Corp.

Updated 10:30 a.m. ET The new General Motors will be faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as a leaner version of the automaker emerged from bankruptcy protection.

The new General Motors is about to roll off the assembly line as a leaner, greener model, maybe even a profitable one, too.

The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

GM will have to function more like an alliance. The U.S. will hold about 61 percent of the equity.

General Motors Corp. , poised to exit bankruptcy protection, will be forced to rely on partners in Germany, China, South Korea and Russia for about half of its sales.

General Motors Corp. may sign non- binding agreements with Belgian and Chinese bidders for its Opel unit as a fallback to a proposed deal with Magna International Inc.

Ohio unemployment continued to rise in May, and northwest Ohio counties were among those with the state's worst joblessness, according to statistics released Tuesday.

Edward E. Whitacre Jr. built AT&T Inc. into the biggest U. S. provider of telephone service over a 43-year-career. By his own admission, he becomes chairman of General Motors Corp.

General Motors Corp. , which filed for bankruptcy protection June 1, met with representatives of President Barack Obama a s automotive task force today to discuss plans to sell the automakera s best assets, said a person familiar with the matter.