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General Motors announced last Friday that it intends to reinstate more than half of the dealers appealing the loss of their franchise agreements, a day after two U.S. Congressmen sent a strongly worded letter asking GM and Chrysler to stop awarding new franchises in areas where dealers are awaiting arbitration hearings.
Read More →Congressmen Pete Hoekstra of Michigan and Steven LaTourette of Ohio have sent a strongly worded letter to General Motors Corp. Chairman Ed Whitacre and Chrysler LLC CEO Sergio Marchionne, asking the OEM heads to halt new franchises in markets where formerly franchised dealers are awaiting reinstatement hearings.
Read More →General Motors announced March 2 that it will conduct a safety recall of 1.3 million compact cars to replace a motor in the power steering system.
Read More →General Motors Vice Chairman Robert A. Lutz will retire effective May 1, 2010, capping a 47-year career in the global auto industry that included senior leadership positions at four of the world’s leading automakers.
Read More →A bill is making its way through the Colorado state legislature that aims to protect dealerships terminated by GM and Chrysler, the Associated Press reported on Monday.
Read More →With the capital markets on the mend, special finance could be on the comeback trail, that’s if bank regulators and financial services reform don’t get in the way. Insider breaks down the market.
Read More →Wednesday marked the beginning of a new chapter for one General Motors-controlled brand and the end of the line for another.
Read More →Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.
Read More →General Motors and Spyker Cars NV confirmed Tuesday that they have reached a binding agreement on the purchase of Saab Automobile AB.
Read More →Edward E. Whitacre Jr. announced today that he has agreed to continue as chairman and CEO of General Motors.
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