The saga revolving around the General Motors ignition-switch recall has a new twist, as a report has surfaced that post-bankruptcy GM will not be responsible for accidents occurring before its bankruptcy.
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General Motors today announced its first full-year numbers after emerging from bankruptcy, posting a $4.7 billion profit after a massive bailout by the U.S. and Canadian governments. Profits for the fourth quarter were a slim percentage of that, however, at just $510 million, due to significant reinvesting in production, marketing and research and development. “Last...
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Calling the Pontiac G8 “Too good to waste,” GM’s new product boss, Bob Lutz, has just announced that the car will live on, rebadged as a Chevrolet Caprice. The news comes as a surprise, considering GM’s CEO Fritz Henderson has been unwavering in his insistence that the car would be eliminated from the New GM. Apparently...
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Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and...
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