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News Tagged By: General Motors (GM)

Ottawa bailed out carmakers with incomplete information: Auditor General
The government didn’t receive the carmakers’ final restructuring plans before allowing the loans, despite imposing that as a condition in negotiations, the Auditor General of Canada said in a report released today.
Posted on 11-25-2014 at 3:29 PM
Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
Posted on 11-18-2014 at 8:00 AM
U.S. October auto sales strong, but GM misses
U.S. auto makers reported their strongest October sales in years on Monday, but top-seller General Motors Co missed expectations.
Posted on 11-03-2014 at 10:14 AM
GM posts higher-than-expected profit on strong North American demand
Higher pricing on GM's vehicles resulted in a $600 million US gain in the quarter.
Posted on 10-23-2014 at 9:17 AM
Notable Call: Morgan Stanley slaps sell rating on Ford
Auto sales in the United States are at the highest level since 2006, but a new report says we've past the peak and it is time to take profits.
Posted on 9-08-2014 at 4:22 PM
GM unit gets subpoena over subprime auto loans
The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday.
Posted on 8-05-2014 at 7:44 AM
GM's profit falls on recall costs, victims' compensation fund

General Motors Co. reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million US for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths.

Posted on 7-24-2014 at 2:44 PM
U.S. senators to GM: Why wasn't top lawyer fired?
U.S. senators on Thursday demanded to know why General Motors Co did not fire its top lawyer after it was revealed this year that the automaker's litigation department knew of a widespread and deadly ignition flaw but failed to escalate the safety issue.
Posted on 7-17-2014 at 4:07 PM
GM crash victims relying on 'destroyed' evidence for claims: Nader
The headhunt at General Motors continues as investigators work track down those responsible for the sale of vehicles with faulty ignition switches linked to 13 deaths and 31 crashes.
Posted on 7-14-2014 at 3:14 PM
GM suspends South Africa production as striking union rejects offer
General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, making it the latest victim of relentless labour unrest in Africa’s most advanced economy.
Posted on 7-04-2014 at 9:26 AM
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