General Motors, Big Three | featured news

General Motors chairman and chief executive, Ed Whitacre, Jr. will receive a compensation package worth $9 million, the automaker said Friday.

US auto sales rose in January but were tempered by Toyota Motor Corp. (TM), which suffered a sales slide late in the month from a recall that led the auto maker to halt sales of more than half its vehicles.

GM's Swedish brand remains hopeful a sale can be agreed to keep it alive, even though it is still preparing to wind down operations.

GM said Monday it had hired Chris Liddell, the chief financial officer of Microsoft, as its new finance chief, filling a key position with the automaker's highest-profile hire since its July bankruptcy.

With a narrow, though loyal, customer base, Saab has proved too small to lure the world’s big automakers.

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.

Edward E. Whitacre Jr., G.M.’s new chief executive, assigned numerous executives to new roles as he looked to strengthen the carmaker’s revival effort.

General Motors says it will reconsider its decision to close some dealerships as part of a compromise to scuttle federal legislation that would require it to keep dealerships open.

Fritz Henderson leaves government-owned automaker just months after his predecessor was forced to resign by a White House task force.

General Motors, which received $50 billion in taxpayer help, will begin paying back its debt to the U.S. and Canadian governments earlier than expected.