5:28am ET
Investing
GM (GM): Luck Runs Low In China
Up until recently there has been a horse race for who is the largest seller of cars in China. GM (GM) and VW traded places from quarter to quarter. Unfortunately for GM…
Companies
/Consumer Cyclical
General Motors Company
$85.37
▼ $1.79 (−2.05%) today
Markets closed · 1:09am ET
GM Coverage
Page 2062:49am ET
Media
Media Digest 9/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many…
5:31am ET
Cars and Drivers
GM (GM): One Hundred Years And No Experience
GM (GM) is celebrating its 100th anniversary this year. Cake and candles. It has even introduced its new Volt electric car, which it says is the future of the company. In the…
Douglas A. McIntyre 2:49am ET
Media
Media Digest 9/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage…
12:52pm ET
Cars and Drivers
GM (GM) Shares Should Drop 50% By Year-End
Between the credit markets and consumer spending, GM (GM) is caught in a vise. The car company needs more money and Congress seems less inclined with each passing day to want to…
Douglas A. McIntyre 5:16am ET
Cars and Drivers
Car Companies Want In On Rescue Plan (GM)(F)
The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece of legislation to get $700 billion into the banking industry by the…
2:51am ET
Media
Media Digest 9/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be…
5:15am ET
Cars and Drivers
GM (GM) Dives Into Its Line Of Credit–Running On Empty
General Motors (GM) said on Friday that it will draw down $3.5 billion on the $4.5 billion line of credit it put in place with JPMorgan Chase (JPM) and Citigroup (C) back…
3:00am ET
Banking, finance, and taxes
Media Digest 9/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government’s proposed $700 billion bailout…
1:07pm ET
Investing
Companies Not On SEC Short Sale Ban, But Should Be
Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they…
11:49am ET
Cars and Drivers
Autos Next In Government Handouts? (GM, F)
If you look at the auto stocks today, you might deduce that they are next in line for the government corporate bread lines and farm camp jobs. Ford Motor Co. (NYSE:…
2:53am ET
Media
Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic assets…
11:41am ET
Cars and Drivers
S&P Slams GM Hard (GM)
As if the US auto industry wasn’t already under fire enough, today we have yet another ratings action. The good news is that this is on the stock rather than the debt…
Douglas A. McIntyre 5:07am ET
Cars and Drivers
Porsche Takes Over VW, May Invade US (GM)(F)
After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by far the larger company, but Porsche’s ownership dates back years to when…
2:55am ET
Media
Media Digest 9/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays…