DETROIT — General Motors said Thursday that its chief financial officer, Christopher P. Liddell, was stepping down, less than four months after helping the automaker execute the largest initial public offering in American history.
DETROIT — General Motors, which nearly collapsed from the weight of its debts two years ago before reorganizing in a government-sponsored bankruptcy, said Thursday that it earned $4.7 billion in 2010, the most in more than a decade.
Even after receiving $15.4 billion in federal loans, General Motors is once again on the brink of financial collapse.
Mayor Kwame M. Kilpatrick pleaded guilty to felony charges here on Thursday and agreed to resign from office and serve 120 days in jail, ending eight months of political turmoil but also sparking a new era of uncertainty for the city.
Sales of new cars and trucks in the United States plummeted in October to levels not seen in the auto industry in 25 years.
They had not expected a strike this year. And when they walked out midway through the morning shift on Monday, the workers at the General Motors pickup truck plant here had no idea how long their walkout would last.