7:05am ET
Investing
Auto Future: ‘The Big 3’ Becomes ‘The Big 2’ (F, GM, DAI)
“The Big 3” is now likely more than ever about to become a term of the past. Chrysler looks like it may be the first one out, and the question immediately after…
Companies
/Consumer Cyclical
General Motors Company
$86.27
▲ $0.09 (+0.10%) today
Markets closed · 6:05pm ET
GM Coverage
Page 1853:00am ET
Media
Media Digest 4/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, tech giants reported reasonable earnings for last quarter because of cost cutting and a resilience in a bad economy. Reuters reports that Chrysler is still working on a deal…
4:59am ET
Cars and Drivers
Treasury Talks With Chrysler May Foul Up GM (GM) Negotiations
The Treasury has started to sweeten terms for Chrysler creditors in an attempt to keep the car company out of Chapter 11. According to The Wall Street Journal, “The Treasury now proposes…
Douglas A. McIntyre 3:05am ET
Media
Media Digest 4/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress. Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by…
12:06pm ET
Cars and Drivers
GM (GM) Won’t Make $1 Billion Debt Payment On June 1, Shares Trade Flat
Missing a $1 billion debt payment should be bad news. According to The Wall Street Journal, GM’s (GM) CFO said it would not meet its obligation on June 1. In reaction, GM’s…
Douglas A. McIntyre 4:28am ET
Cars and Drivers
GM (GM) Finally Looks In The Mirror
For all of the restructuring work that GM (GM) has done, all the layoffs, and negotiations with the UAW and creditors, it has never admitted that the domestic car market may not…
2:41am ET
Media
Media Digest 4/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says…
4:39am ET
Cars and Drivers
The Administration Give GM (GM) And Chrysler Another Chance
The Administration is losing it grip on the process of restructuring the auto industry. It has let another deadline pass and will supply more money to Chrysler and GM (GM) as they allegedly…
Douglas A. McIntyre 3:00am ET
Media
Media Digest 4/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the government will give Chrysler and GM (GM) new aid. Reuters reports that IBM (IBM) revenue fell more than expected. Reuters writes that the Treasury’s plan to get toxic…
4:00am ET
Investing
Chairman Mao Gets Into The Car Business (SNP)(PBR)(TM)(HMC)(GM)(RTP)
The Chinese government has become more aggressive about buying foreign assets. Chinese leaders recently said they would begin to make investments in Europe through their sovereign wealth fund. The country has capital…
2:59am ET
Media
Media Digest 4/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, PepsiCo (PEP) is offering $6 billion for a number of its bottlers. Reuters reports that GlaxoSmthKline (GSK) is in talks to buy Stiefel Laboratories. Reuters writes that the US…
4:49am ET
Cars and Drivers
VW No.1 Car Company Worldwide? An Industry Where It Does Not Matter
VW may have passed Toyota (TM) as the world’s No.1 car company just as Toyota passed GM (GM) a year ago. The companies all operate in an industry where being on the…
4:17am ET
Jobs
The Battle For What’s Left Of GM Gets Meaner
The engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is…
Douglas A. McIntyre 2:57am ET
Media
Media Digest 4/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults. Reuters reports that VW may overtake Toyota (TM) as the No.1 car…
2:56am ET
Media
Media Digest 4/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama vowed to overhaul the tax code. Reuters reports that GM (GM) is working on a plan to cut dealers at an accelerated pace. Reuters writes that China’s first…