News

Outlook Congratulations to Mary Barra, who has become the first female boss of a big US car maker by taking over General Motors just as it stopped being unofficially known as Government Motors.

Jeremy Warner: Even the boss is sceptical about GM's rescue plan

Outlook: If bondholders think they are getting a raw deal, what about existing equity holders?

General Motors debt deal to give government majority stake

Bankruptcy seen as likely if bondholders block plan

Fiat linked to deal to buy Vauxhall and Opel

Sources close to GM were last night downplaying claims from a German state minister that Fiat is in the running to buy the beleaguered US car giant's European business.

General Motors warns of 'substantial doubt' over its future

General Motors, the hobbled car manufacturer, reminded the world yesterday that it is still unable to say with certainty that it will be able to avoid bankruptcy protection, declaring in an annual filing with the US government that there remained "substantial doubt" about its viability going forward.

GM Europe to go bankrupt within weeks without aid

Fresh from its ultimatum over the future of its Swedish Saab brand, GM warned yesterday that its entire European operations could run out of money within weeks without state help.

General Motors fights for survival as it posts $31bn loss for 2008

General Motors lost $30.9bn (£22bn) in 2008 as it careered towards the edge of bankruptcy, and it is still tussling with its auditors about whether it can be labelled a "going concern".

Saab board meets amid reports of reorganisation

The board of General Motors' Saab met today, a union representative said, amid reports the Swedish carmaker was set to file for protection from creditors

GM calls for state aid in Europe and wants buyers for Vauxhall and Opel

GM, the American motor giant, is considering selling its European brands including Vauxhall in the UK and Opel in Germany to try to extricate itself from its financial problems.

General Motors to cut 47,000 jobs worldwide

General Motors, presenting a dire outlook for the future, said yesterday it may need £21.1 billion ($30bn) in total government financing to weather the economic downturn and would cut 47,000 jobs worldwide and shut five more US factories in a massive restructuring plan.

Fate of GM and Chrysler in the balance as deadline for loan restructuring looms

Bondholders with the fate of General Motors in their hands are playing a game of brinkmanship with Barack Obama ahead of a restructuring deadline this week.

World markets take heart from GMAC's $6bn bailout

Treasury support means it is now 'highly unlikely' GM's auto arm will be liquidated

General Motors receives $5bn bailout

The US Treasury Department said that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors, in a move that's expected to stave off a bankruptcy protection filing at the company but also severely limit GM's control over it.

Bush hands car-makers a $17bn lifeline

George Bush handed a $17.4bn (£11.6bn) lifeline to the US car industry yesterday. The President justified the move to provide emergency loans to car-makers by saying that the US economy could not withstand the bankruptcy of General Motors, Ford or Chrysler.

US car bailout deal 'very likely'

A deal with the US Congress to help America's failing car industry will "very likely" be reached, the White House said today.

US car makers get frosty reception in bailout plea

The bosses of the big three US carmakers were lambasted for flying on corporate jets as they came to Washington to plead for money to stave off their companies' bankruptcy.

Career Services

Day In a Page

Independent Travel
Bruges
Lake Como
Burgundy
South AFrica
Paris
Northern Corsica
Prices correct as of 21 November 2014
In a world of Saudi bullying, right-wing Israeli ministers and the twilight of Obama, Iran is looking like a possible policeman of the Gulf

Iran is shifting from pariah to possible future policeman of the Gulf

Robert Fisk on our crisis with Iran
The young are the new poor: A third of young people pushed into poverty

The young are the new poor

Sharp increase in the number of under-25s living in poverty
Greens on the march: ‘We could be on the edge of something very big’

Greens on the march

‘We could be on the edge of something very big’
Revealed: the case against Bill Cosby - through the stories of his accusers

Revealed: the case against Bill Cosby

Through the stories of his accusers
Why are words like 'mongol' and 'mongoloid' still bandied about as insults?

The Meaning of Mongol

Why are the words 'mongol' and 'mongoloid' still bandied about as insults?
Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible