General Motors formally ended its debt for equity swap plan that was supposed to clear a good chunk of $27 billion in debt, leaving it a step closer to bankruptcy. Steve Chiotakis talks to Michigan Radio's Tracy Samilton.
The German government will hold a meeting to decide which bidder will acquire Opel, the troubled German subsidiary of General Motors. Stephen Beard reports.
If you ever want to verify the quality of a Chinese car, popping open the hood of any GM car might give you a clue. Many of the parts that comprise an American car roll off of a Chinese production line. Scott Tong reports.
Hyundai is hoping it can bring up its image as a maker of luxury cars with the U.S. roll-out of Equus, which runs for $70,000. But experts say lifting the company's existing brand won't be easy. Jeremy Hobson reports.
The deadline for GM bondholders to accept a restructuring agreement is looming. If an agreement can't be reached, the struggling automaker faces bankruptcy. As Amy Scott reports, that's looking more and more likely.
German Chancellor Angela Merkel said today there will be resolution with Opel in the coming days. Steve Chiotakis talks to Nelson Schwartz of The New York Times about the potential fate of GM's European unit.
With a deadline looming tomorrow, GM bondholders are under pressure to forgive $27 billion worth of loans. But fearing that they're becoming scapegoats, many are hoping for a better payout. Bob Moon reports.
The auto industry has been through some pretty tough times as of late. But Phil Reed of Edmunds.com says these harsh economic days equal better deals for consumers on the lookout for their next car or truck.
GMAC, the auto finance arm of General Motors, is set to collect billions in government aid. Why does it need more money and is this unfair to other automakers? Tamara Keith reports.
GMAC already received $5 billion from the Troubled Asset Relief Program program back in December. Now, reports out say the Treasury Department is set to loan GMAC over $7 billion more. Janet Babin reports.
