General Motors, Gm | featured news

Why GM's future is in Asia.

"The company has shed dead weight, cut down its debt and slimmed its dealer network in order to be a more healthy business, but those moves have officially knocked The General from the top 10 of Fortune Magazine's fabled 500 list."

U.S. safety regulators are investigating a potential for brake failure in General Motors Co vehicles that could affect up to 6 million trucks and SUVs sold from the model years 1999 through 2003.

General Motors says it will proceed with the shutdown of the HUMMER brand, but TheCarConnection has confirmed that an American company has twice expressed interest in a HUMMER deal--both before and after a failed bid from a Chinese company.

G.M. said Wednesday that it had positive cash flow of $1 billion in the six months after it emerged from bankruptcy protection last July, but that it lost $4.3 billion in that period, mostly because of the cost of settling with the United Auto Workers union over retiree health benefits, one of the burdens that helped bring the company to its knees.

General Motors' sales in China continued their rapid growth in March, helping to cement China as the U.S. auto maker's biggest market by vehicle sales so far this year.

Ford and GM report an increase of 43% for the month. And Honda is up 22% compared with a year ago as automakers keep pace with incentives offered by troubled Toyota.

General Motors Co. will reinstate more than half the dealerships it targeted to drop from its network. GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.

The US carmaker has blamed a supplier partly owned by the Japanese group for a faulty car part that led to the recall of 1.3m Chevrolet and Pontiac cars in North America

General Motors said Tuesday that United States sales rose 11.5 percent in February over the period a year ago, including a 32.2 percent gain for the four brands it is keeping: Buick, Cadillac, Chevrolet and GMC.