General Motors

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Foreign Cars Outsell Detroit
Foreign Cars Outsell Detroit
Aug 2, 2007 5:14 AM CDT

Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from...

GM&rsquo;s Quarter Is Twice as Nice
GM’s Quarter Is Twice as Nice
Jul 31, 2007 10:02 AM CDT

GM’s Quarter Is Twice as Nice

Carmaker more than doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous...

Japanese Foes Thump Big 3 in June Sales

Figures spell especially big trouble for GM

(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in...

Detroit Resists MPG Rules
Detroit Resists MPG Rules
Jun 7, 2007 5:10 AM CDT

Detroit Resists MPG Rules

Face-off in Washington over tougher fuel economies

(Newser) - The Big Three car makers are trying to put the breaks on Congressional plans to toughen fuel economy standards to an average of 35 mpg over the next 15 years. The Wall Street Journal predicts a political struggle that will test how much clout Ford, Chrysler and GM still have...

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope for restructuring labor costs

(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which...

Steep GM Drop Puts Heat on Labor Talks

Poor sales in North America point to showdown with unions

(Newser) - General Motors, swimming in losses despite major cuts in spending, saw its bottom line plunge a staggering 90% in the first quarter. Somewhat improved automotive profits, especially in emerging markets, were undercut by heavy losses from defaults on high-risk home loans at lending unit GMAC.

Toyota Finally Tops GM
Toyota Finally Tops GM
Apr 24, 2007 10:06 PM CDT

Toyota Finally Tops GM

First-quarter sales rise 9%, ending GM's 76-year reign as world's biggest automaker

(Newser) - Toyota vroomed past General Motors in the first quarter to become the biggest automaker in the world, ending GM's 76-year reign. Riding the strength of its innovative Prius hybrid and solid standbys like the Camry, Toyota posted record first-quarter sales of 2.35 million vehicles, compared to GM's 2.26...

Advertisers Dump Imus
Advertisers
Dump Imus
Apr 11, 2007 12:01 PM CDT

Advertisers Dump Imus

Procter & Gamble and others pull ad dollars after racist comment

(Newser) - Piling on to the mounting outrage against Don Imus, three advertisers have pulled their support from the CBS radio show or its simulcast MSNBC TV program. The three include marketing heavyweight Procter & Gamble, Staples and Bigelow Tea, the Wall Street Journal reports.

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