Settlement is worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles.
General Motors sold Saab to Netherlands-based Spyker Cars last year. Since then, things have gone from bad to worse for Saab.
About three-fourths of Ford Motor Co. noteholders have accepted the company’s offer to exchange notes for shares of stock and cash, allowing the company to reduce its debt by more than $1.9 billion, the automaker […]
General Motors is unveiling its new Camaro convertible at the Los Angeles Auto Show. Production begins in January with the first cars for sale in February.
Strong investor demand for General Motors stock may prompt the automaker to raise the target price range for Thursday’s initial public offering, a person briefed on the matter said Monday.
SAIC Motor Corp., China’s largest automaker and a joint-venture partner with General Motors, is preparing to buy about $500 million worth of stock in the Detroit automaker, according to a newspaper website.
BMW of North America said it will recall nearly 200,000 luxury vehicles to fix leaks that could develop in the power braking system.
New General Motors Co. CEO Daniel Akerson will get up to $9 million in salary and stock, the same pay package granted to his predecessor, Ed Whitacre.
General Motors is recalling 243-thousand vehicles to inspect seat belts. The Detroit-based automaker says the recall involves 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook.
The management change at General Motors is causing the automaker to delay filing paperwork to sell shares to the public.