Posts Tagged ‘General Motors’

GM Files for bankruptcy: What advice do you have for the company?

It finally happened —  General Motors officially filed for chapter 11 bankruptcy. Although the numbers varied in the media in terms of the actual on employees effected, reports note that up to 14 plants and 17 factories will be closed, including the lay-off of nearly 8,000 salaried employees between now and the end of the ... - Read full post

GM Making Big Cuts to Avoid Bankruptcy

General Motors Corp., trying to avoid a U.S.-backed bankruptcy on June 1, may close plants and scrap models as much as four years sooner than planned to lower its break-even point. According to Bloomberg, the cuts could mean GM would be profitable in a U.S. market with sales of as few as 10 million autos. ... - Read full post

GM CEO Ousted; CEO Approval Ratings Were Up

Last night General Motor’s CEO Rick Wagoner was ousted from office in a move that was prompted by the government. As the Wall Street Journal reports “The Obama administration used the threat of withholding more bailout money to force out General Motors Corp. Chief Executive Rick Wagoner and administer harsh medicine to Chrysler LLC, marking ... - Read full post