Saturday, October 11, 2008 Buy auto stocks, but avoid Devil dog Shares of Detroit’s most iconic automobile companies now cost less than a morning coffee or a latte, but they’re generating way more buzz. Unfortunately, despite all the requests for advice, Biz Insider can’t officially offer investment guidance into purchases of General Motors Corp. or [...]
GM says it’s not considering bankruptcy Ford’s Mulally echoes GM’s stance queryvar=”gm,says,its,not,considering,bankruptcy”; Amy Wilson Automotive News | October 10, 2008 – 8:30 am EST DETROIT — A day after its stock price fell to lows not seen since 1950, General Motors says it isn’t considering bankruptcy reorganization. “Clearly we face unprecedented challenges [...]
GM slows down payments to non-production suppliers queryvar=”gm,slows,down,payments,to,non-production,suppliers”; Amy Wilson Automotive News | October 11, 2008 – 12:01 am EST DETROIT — In a bid to conserve cash, General Motors is giving itself more time to pay its North American non-production suppliers. Effective Oct. 1, GM says it is paying its “indirect” [...]
Market meltdown makes GM buyout goal harder to reach queryvar=”market,meltdown,makes,gm,buyout,goal,harder,to,reach”; Amy Wilson Automotive News | October 10, 2008 – 4:25 pm EST DETROIT — The market meltdown will make it more difficult for General Motors to reach its goal for salaried employee buyouts. Beginning the week of Aug. 25, GM offered retirement [...]
Reports: GM, Chrysler hold merger talks N.Y. Times reports preliminary talks; Wall Street Journal says talks on hold The Associated Press DETROIT – General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports late Friday. The Wall Street Journal, citing people [...]
