With a government-imposed deadline for massive restructuring less than a week away, Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy courts, two people briefed on the talks said Friday.
The wounded automaker already is living on $4 billion in government [...]
Taxpayers invested another $2 billion in General Motors Corp. this week as the struggling auto giant continued efforts to restructure and avoid bankruptcy court.
The Treasury Department said Friday it lent the additional money to GM on Wednesday to provide working capital. The loan pushes the total amount of GM’s government aid to $15.4 billion after [...]
Billions of dollars in government loans to prop up General Motors and Chrysler won’t be enough. The companies, which have received $17.4 billion so far, filed plans with the government more than doubling that request to a staggering total of $39 billion.
The requests, made in government-required restructuring plans filed Tuesday, were accompanied by plans for [...]
General Motors Corp. turned its opening news conference at the Detroit auto show into a pep rally touting the health of the company and its products, unveiling plans Sunday to build a 40-mile-per-gallon minicar for the U.S. market and a Cadillac concept car powered by electricity like the Chevrolet Volt.
The Chevrolet Spark subcompact was called [...]
The U.S. government may need to lend General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) around $30 billion to help the automaker operate through a bankruptcy, or risk a systemic chain of failures in the auto industry, Bank of America said.
The Bush administration said on Friday it could be willing to provide emergency aid [...]
