GM

First, the news: General Motors announced today that it
lost almost $1.2 billion in the third quarter. On a pre-tax
basis, it lost $261 million from operations worldwide between
July 10, the day it exited bankruptcy, and Sept. 30. Some
regions, like Asia Pacific and Latin America, were
profitable, some weren't -- its loss in North America was
$651 million.

Detroit -- U.S. automotive giant General Motors said it lost $1.2 billion in the quarter it emerged from bankruptcy but offset the negative by boosting cash reserves.

Detroit -- General Motors Co. turned to an insider -- and for the first time a woman -- Susan Docherty, to replace the head of U.S. sales, Mark LaNeve.

Michigan, October 12 -- In a deal that marks the first major entry of a Chinese company into the U.S. auto market, Sichuan Tengzhong Heavy Industrial Machinery Co. agreed to buy the Hummer truck brand from General Motors in a $150 million transaction.

Berlin -- Britain and Spain's objections to an international bid to buy General Motors' German Opel subsidiary may kill the deal, an analyst says.

New York, October 1 -- Saturn, once General Motors’ (GM) best selling unit, is heading for a shutdown after the deal to sell the unit to Penske Automotive Group Inc. collapsed Wednesday.

Detroit -- U.S. automaker General Motors Co. said it would restore pay for salaried workers who stuck with the company through its bankruptcy proceeding.

London -- General Motors Co. said Thursday it would sell a majority of its European operations to a Canadian and Russian venture of Magna International and Sberbank.

Michigan, August 19: Times have changed! Not so long ago, the automakers in the U.S were reeling under the weight of huge inventories as the demand refused to pick up in the wake of global recession.

California, August 11: With an aim to provide a new platform for buyers, General Motor Company LLC will launch a pilot program in collaboration with eBay Inc. (NASDAQ: EBAY), the most-visited U.S. e-commerce Web site.