GM’s chief financial officer to step down, treasurer will take his place
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.
Resurgent General Motors posts 2010 profit of $4.7 billion dollars
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.
GM’s Losses Accelerate, Fueling Trek Toward Bankruptcy Filing
Even after receiving $15.4 billion in federal loans, General Motors is once again on the brink of financial collapse.
Detroit’s Kilpatrick Will Resign And Serve Short Prison Term
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.
U.S. Sales of New Cars and Trucks Plummet in October
Sales of new cars and trucks in the United States plummeted in October to levels not seen in the auto industry in 25 years.
GM Workers Strike for Job Security, Increased Benefits
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.