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Global News Highlights Archive

2009-10-09 General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER
DETROIT and SICHUAN - General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand. ...

2009-10-07 General Motors Outlines 90 Days of Progress Accelerates its Focus on Customers, Cars and Culture
DETROIT - General Motors today outlined progress it has made toward achieving commitments in its business plan, including implementing a leaner structure, building stronger brands, and driving a company culture that puts the customer at the center of everything it does. ...

2009-10-06 GM Statement on Delphi's Emergence from Bankruptcy and the Closing of the Components and Steering Transactions
GM is pleased to close its transactions with Delphi and the Delphi debtor-in-possession (DIP) lenders, resulting in Delphi's emergence from bankruptcy. ...

2009-10-06 MEDIA ADVISORY: GM Outlines 90 Days of Progress
General Motors President and Chief Executive Officer Fritz Henderson will provide a business update on Wednesday, October 7, 2009 at 10:00 a.m. ET via conference call. ...

2009-10-01 GM September Sales Total 156,673
DETROIT - General Motors dealers in the United States delivered 156,673vehicles in September. When compared with strong sales a year ago, September's sales were down 45 percent. ...

2009-09-30 General Motors Media Statement Attributed To President & CEO Fritz Henderson
Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. ...

2009-09-24 GM Officially Kicks Off World Expo 2010 Shanghai Campaign
Shanghai - General Motors Company, a joint global automobile partner of World Expo 2010 Shanghai, today kicked off its "Drive to 2030" Expo 2010 campaign through the official launch of its interactive website (www.gmexpo2010.com). ...

2009-09-24 GM Announces Establishment of China Science Lab
Shanghai - General Motors Company announced today the establishment of its China Science Lab in Shanghai. The unique facility will carry out important research projects in a number of automotive-related fields for General Motors. ...

2009-09-24 General Motors India and REVA form partnership to transform electric vehicle market
New Delhi, September 24, 2009: General Motors India and Reva Electric Car Company (REVA) have entered into a collaboration agreement to develop electric vehicles for the Indian market. This unique partnership will bring together two companies, established in their own field to develop car platforms, electric vehicle technology and advanced control systems. ...

2009-09-10 GM Board Recommendation to Sell Majority Stake in Opel/Vauxhall to Magna International/Sberbank
Zurich. General Motors today announced that its Board of Directors supports a bid from the consortium of Magna International Inc. and Sberbank to buy a majority stake in its European Opel/Vauxhall operations ...

2009-09-03 Mike Robinson Named Vice President of Environment, Energy and Safety Policy
DETROIT - General Motors Company today announced that Michael J. Robinson will become vice president, environment, energy and safety policy. Robinson will replace Beth Lowery, who has elected to retire effective October 1. ...

2009-09-02 GM do Brasil Inaugurates Biggest Automotive Technical Center In Latin America
General Motors do Brasil inaugurated today (September 2, 2009) its new, expanded technical center in São Caetano do Sul, in the state of São Paulo (SP). ...

2009-09-01 GM Sales in China Increase 49.6% in First Eight Months Record Sales in August
Shanghai - General Motors Company announced today that its sales in China in the first eight months of 2009 increased 49.6 percent on an annual basis to 1,111,401 units. ...

2009-08-27 All New Saab 9-5 Sedan: Start of a New Era for Saab
Making its public debut at next months IAA in Frankfurt, the all new Saab 9-5 sedan announced today signals the start of a new era for the Saab brand ...

2009-08-18 General Motors and Koenigsegg Group Sign Stock Purchase Agreement for the Sale of Saab Automobile AB
Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB ...

2009-08-11 A New GM Kicks Into High Gear at Product and Technology Event
DETROIT, Mich. - A revitalized General Motors reintroduced itself today with an array of all-new cars, crossovers and trucks debuting now through 2011. GM also made a historic announcement: When the Chevrolet Volt extended-range electric vehicle rolls off the assembly line late next year, it will be the first mass-production automobile to achieve triple-digit fuel economy, with an expected 230 mpg in the city, or 25 kilowatt hours per 100 miles. ...

2009-08-11 Chevrolet Volt Expects 230 mpg in City Driving
WARREN, Mich. - The Chevrolet Volt extended-range electric vehicle is expected to achieve city fuel economy of at least 230 miles per gallon, based on development testing using a draft EPA federal fuel economy methodology for labeling for plug-in electric vehicles. ...

2009-08-11 MEDIA ADVISORY: GM President and CEO Fritz Henderson to Provide Update on 'New GM'
DETROIT - General Motors President and CEO Fritz Henderson will conduct a public webcast on Tuesday, August 11, to update consumers and media about the 'New GM' and its product, brand and customer-outreach strategies. Mr. Henderson is also expected to make a Chevrolet Volt announcement during this time. ...

2009-08-10 MEDIA ADVISORY: GM President and CEO Fritz Henderson to Provide Update on 'New GM'
DETROIT - General Motors President and CEO Fritz Henderson will conduct a public webcast on Tuesday, August 11, to update consumers and media about the 'New GM' and its product, brand and customer-outreach strategies. Mr. Henderson is also expected to make a product announcement during this time. ...

2009-08-07 GM Statement Regarding the Filing of General Motors Company's Current Report on Form 8-K
General Motors Company (GM) today filed with the Securities and Exchange Commission (SEC) a Form 8-K with details on a number of matters that have occurred since the new company launched on July 10, 2009 as well as a comprehensive review of the business. ...

2009-08-04 Board of Directors' Statement General Motors Company's First Meeting With The New Slate Of Directors
The focus at the newly launched General Motors Company is squarely where it should be, on customers, products and the development of a winning culture. ...

2009-08-04 GM Statement: Meetings in Berlin with Magna, RHJI and the German Automotive Task Force
GM today concluded several meetings with both Magna and RHJI, and with representatives of the German automotive task force ...

2009-07-30 New GM Subsidiaries will include Delphi Components Operations and Global Steering Business
DETROIT - General Motors Company announced today that four U.S.-based Delphi components operations and Delphi's global steering business will become part of two new, wholly-owned GM subsidiaries effective upon closing of the transaction. ...

2009-07-30 GM Announces Leadership Appointments and Retirements
DETROIT - General Motors Company today announced the final round of senior leadership appointments and retirements. These moves, in addition to those announced earlier this month, create the simplified leadership team announced by GM president and CEO Fritz Henderson on July 10. ...

2009-07-23 General Motors Makes Leadership Appointments for New Shanghai-Based International Operations
SHANGHAI - General Motors Company today announced a series of key executive appointments at the new Shanghai-based GM International Operations (GMIO). As part of the announcement, GM also introduced new senior executives at GM Holden in Australia and GM Daewoo Auto & Technology Co. (GM Daewoo) in Korea. ...

2009-07-23 General Motors Forms Executive Committee, Announces Leadership Appointments and Retirements
DETROIT - General Motors Company today announced the formation of the executive committee that will lead the new GM, as well as a number of leadership appointments and retirements. ...

2009-07-23 New Slate of GM Board of Directors Members Selected
DETROIT - General Motors Company today named the five newest members of its board of directors (BOD). ...

2009-07-23 GM Reviews Final Bids with German Officials
Zurich - General Motors presented its preliminary findings to the German Automotive Task Force and the Opel Trust Board on Wednesday. ...

2009-07-22 GM Announces Q2 Global Sales Up Nearly 20 Percent Compared to Q1, selling 1.94M Vehicles
DETROIT - Strong sales performance in GM's Asia Pacific region helped General Motors sell 1.94 million vehicles globally during the second quarter 2009. When compared with the first quarter 2009, sales were up nearly 20 percent. GM sales outside the United States grew to 72 percent of total sales. ...

2009-07-15 GM Announces Leadership Appointments and Retirements
DETROIT - General Motors Company today announced the following leadership-appointments and retirements ...

2009-07-10 The New General Motors Company Launches Today
DETROIT - The new General Motors Company began operations today with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does. ...

2009-07-09 MEDIA ADVISORY: GM President and CEO Fritz Henderson to Provide Business Updates
DETROIT - General Motors President and CEO Fritz Henderson will host a press conference on Friday, July 10, to update the media on GM business activities. This will be followed later in the day by web and Twitter chats. ...

2009-07-06 GM 363 Asset Sale Approved by U.S. Bankruptcy Court
NEW YORK - General Motors achieved another milestone in its reinvention last night when Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation's assets to NGMCO, Inc., an entity funded by the U.S. Department of the Treasury. ...

2009-07-01 GM Statement re: GM stock price and volume
GM management has noticed the continuing high trading volume in GM's common stock at prices in excess of $1. ...

2009-06-30 General Motors Sets First Half Sales Record in China Sales Rise 38.0% to 814,442 Units
Shanghai - General Motors China and its joint ventures sold 814,442 vehicles in China in the first half of 2009. This represented an increase of 38.0 percent from the first six months of 2008. ...

2009-06-29 GM Media Statement Regarding GM's Ownership Stake in NUMMI
"As part of its long-term viability plan, General Motors has decided that its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyota will not be a part of the 'New GM'. ...

2009-06-25 GM Statement Re: U.S. Bankruptcy Court Approval of GM DIP Financing and Other Matters
New York - General Motors Corporation today received U.S. Bankruptcy Court approval of $33.3 billion in debtor in possession (DIP) financing from the U.S. Treasury and the Canadian and Ontario governments. ...

2009-06-18 GM Comment Re: UAW Retiree Medical Benefits Trust Selection of Stephen J. Girsky to the Board of Directors of New GM
GM is pleased with the UAW Retiree Medical Benefits Trust's selection of Stephen J. Girsky as its member to the Board of Directors of the New GM. Girsky's vast experience as a leading auto industry analyst and broad knowledge of our business make him a strong candidate to the Board of the New GM. ...

2009-06-17 GM Statement re: Court order for Delphi to hold an auction for Delphi assets
On June 16, 2009, Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York approved a sale procedures order for Delphi Corporation. This order provides that Delphi's assets will be sold pursuant to an open process either to Platinum Equity or to other potential bidders who submit a competing bid. ...

2009-06-16 General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab
Zurich. General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab's future. ...

2009-06-15 Robert E. Socia to Lead Global Purchasing and Supply Chain
DETROIT - General Motors President and Chief Executive Officer Fritz Henderson today announced that Bob Socia, currently executive vice president of Shanghai General Motors (SGM), will be appointed GM vice president, Global Purchasing and Supply Chain, effective July 1. ...

2009-06-12 GM BANKRUPTCY COURT ISSUES NOTICE OF INTERIM ORDER ESTABLISHING NOTIFICATION PROCEDURES AND APPROVING RESTRICTIONS ON CERTAIN TRANSFERS OF INTERESTS IN THE DEBTORS' ESTATES
DETROIT - Associated with its recent chapter 11 filing and efforts to preserve the value of its assets, General Motors Corp. must also preserve the ability to take advantage of certain tax assets, including net operating loss carry forwards, commonly referred to as "NOL's". ...

2009-06-12 Fritz Henderson WrittenTestimony As Prepared For Delivery On: June 12, 2009
Behind each action we are taking to reinvent GM there is a human story. Our dealers are a part of the larger GM family. They are valued business partners and, for many consumers, the "face of GM". ...

2009-06-12 General Motors Global Purchasing Group Vice President Bo I. Andersson to pursue other career interests
DETROIT - General Motors President and Chief Executive Officer Fritz Henderson announced today that Bo I. Andersson, group vice president, Global Purchasing and Supply Chain, has decided to leave GM to pursue other career opportunities, effective immediately. ...

2009-06-10 GM Statement re: recent changes in GM stock price and volume
GM management has noticed a recent elevation in the volume and price of its common stock. ...

2009-06-09 Chevrolet Launches All-New Camaro in Middle East
Dubai, United Arab Emirates - The all-new Chevrolet Camaro has taken North America by storm and is set to expand Chevy's global appeal with its launch in the Middle East later this summer. ...

2009-06-09 Edward Whitacre, Jr. to Become Chairman of New GM
Edward E. Whitacre, Jr., former chairman and CEO of AT&T Inc., will become chairman of the New GM when the company is launched later this summer, GM's interim Chairman Kent Kresa announced today. Kresa will continue to serve as interim chairman until the launch. ...

2009-06-08 GM Media Statement attributed to Mark LaNeve, GM North America Vice President, Vehicles Sales, Service & Marketing regarding GM's ongoing discussions with NADA on Dealer Participation and Wind-Down Agreements
"The consolidation of GM's dealer network nationwide is a very difficult, but necessary part of GM's overall reinvention efforts. ...

2009-06-05 General Motors, Penske outline proposed deal for purchase of Saturn
Detroit -- General Motors Corp. and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. ...

2009-06-03 GM Statement on Reporting
Following the closing of the "363" sale, New GM intends to make regular disclosures during the period it is private in order to provide appropriate information regarding our financial condition. ...

2009-06-03 Fritz Henderson Oral Testimony As Prepared For Delivery On: June 3, 2009
I welcome this opportunity to testify. It's our obligation to be open and transparent in all we do to reinvent GM, particularly with the American taxpayer as our largest investor. ...

2009-06-02 Tengzhong In Advanced Talks To Purchase HUMMER From GM In Strategic Acquisition
DETROIT and SICHUAN, June 2, 2009 - Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) and General Motors Corp. today confirmed details of their proposed transaction, pursuant to which, Tengzhong, a major industrial machinery group, will acquire the rights to the premium off-road HUMMER brand, along with a senior management and operational team. ...

2009-06-02 Transcript: Fritz Henderson Press Conference, June 1, 2009
Thanks for joining us on a difficult, but very important day for General Motors Corporation. You have all heard President Obama's comments, received copies of GM's press release. Let me offer a few observations before opening it up for your questions. ...

2009-06-02 General Motors to Host Financial Analysts & Media Conference Call
Speakers: Fritz Henderson, GM President & Chief Executive OfficerRay G. Young, GM Executive Vice President & Chief Financial Officer ...

2009-06-02 General Motors Announces Preliminary Agreement To Sell HUMMER
DETROIT - General Motors Corp. (NYSE: GM), announced it has entered into a memorandum of understanding (MoU) with a buyer for HUMMER, its premium off-road brand. ...

2009-06-02 GM Europe and Adam Opel GmbH Statement Confirming First €300 million German Government Loan Draw
Adam Opel GmbH confirmed today that it has received the first draw in the amount of €300 million from the €1.5 billion bridge financing agreement with the German government. ...

2009-06-01 GM Receives Court Authorization To Continue Vehicle Protection And Incentive Programs
New York - General Motors Corporation today reported that it has received U.S. Bankruptcy Court approval to continue honoring all vehicle warranty programs and dealer incentive plans. ...

2009-06-01 GM Comment re: Delphi Agreements to Emerge From Chapter 11 Reorganization
As announced this morning, GM has reached agreement with Delphi regarding the sale of certain U.S. plants and Delphi's global steering business to GM and the sale of most of Delphi's global business operations to Platinum Equity. ...

2009-06-01 GM Schedules Press Conference For Monday, June 1st, to Follow President Obama's Remarks
General Motors Corp. (NYSE: GM) President and CEO, Fritz Henderson, will host a press conference, beginning immediately following President Obama's media briefing. ...

2009-06-01 GM Europe Secures Bridge Financing Commitment/Magna MOU and Continues Normal Operations
Zurich. GM Europe today announced it continues normal operations and it is not included in the court-supervised process of General Motors Corp (NYSE: GM), its U.S. parent. ...

2009-06-01 Holden Operations Unchanged by Parent Company Announcements in the US
Holden will continue normal operations in Australia and New Zealand and does not expect changes to its business after General Motors announced it has taken court action in the US to launch a competitive New GM. ...

2009-06-01 Statement from GM Asia Pacific region regarding GM U.S. Filing
GM Asia Pacific continues moving forward. Upon court approval, all GM operations in the region, including its joint ventures, will become part of the "New GM." ...

2009-06-01 Statement from GM Latin America, Africa and Middle East Region (LAAM) Regarding GM U.S. Filing
The GM Latin America, Africa and Middle East region (LAAM) is not part of the chapter 11 filing today in the U.S. and will continue its operations as it has in the past. LAAM is a collection of self-funded companies; and, pending court approval, LAAM will become part of the New GM. ...

2009-06-01 Business As Usual At General Motors' Operations in the Middle East
Dubai, United Arab Emirates- General Motors' operations in the Middle East have announced that they are not part of General Motors' voluntary chapter 11 filing in the United States to implement a '363' sale agreement. ...

2009-06-01 GM Canada Restructuring Plan is Approved
General Motors of Canada Limited announced today that its comprehensive restructuring plan has been approved by the Canadian and Ontario Governments. The agreements reached with key stakeholders will enable the company to complete its restructuring efforts without the need for court-supervision. ...

2009-06-01 GM Pulls Ahead U.S. Plant Closures; Reaffirms Intent to Build Future Small Car in U.S.
DETROIT, Mich. -- General Motors Corp. (NYSE: GM) today announced details of its accelerated manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also reaffirmed it will build a small car at one of its U.S. assembly plants on standby capacity status. ...

2009-06-01 GM Board of Directors statement
"The General Motors Board of Directors authorized the filing of a chapter 11 case with regret that this path proved necessary despite the best efforts of so many. ...

2009-06-01 GM ANNOUNCES AGREEMENT WITH U.S. TREASURY AND CANADIAN GOVERNMENTS PROVIDING FAST TRACK TO COMPETITIVE FUTURE FOR 'NEW GM'
DETROIT - General Motors Corp. (NYSE: GM) today announced that it has reached agreements with the U.S. Treasury and the governments of Canada and Ontario to accelerate its reinvention and create a leaner, stronger "New GM" positioned for a profitable, self-sustaining and competitive future. ...

2009-05-31 GM Announcement on Bondholder Support
General Motors (NYSE: GM) announced today that the U.S. Department of the Treasury has informed the company that the support of more than 54% of the bondholders allows GM to proceed with the 363 Sale Proposal announced in a Form 8-K filing on May 28, 2009. ...

2009-05-29 Advisory: GM President and CEO Fritz Henderson to Hold Media Briefing
Detroit, Mich: (NYSE: GM) - General Motors President and CEO Fritz Henderson will host a press conference on Monday, June 1. The conference will be around mid-day at the GM Building, 767 Fifth Avenue, in New York. We expect to provide a final time, satellite feed, conference call number, and other details in a subsequent Media Advisory early Monday morning. ...

2009-05-29 Newly Ratified GM-UAW 2007 National Labor Agreement Modifications Eliminate Competitive Gap for GM
DETROIT, Mich. - General Motors today confirmed that its UAW-represented employees have ratified the modifications to the GM-UAW 2007 National Labor Agreement. The amended agreement covers approximately 54,000 hourly employees located in 46 U.S. facilities. ...

2009-05-29 GM Announces Plans to Build Small Car in U.S.
DETROIT, Mich. - General Motors Corporation (NYSE:GM) announced today it plans to build a future small car in the United States utilizing an idled UAW-GM facility. This vehicle adds to GM's growing portfolio of U.S.-built, highly fuel efficient cars including the Chevrolet Cruze and Volt. ...

2009-05-28 GM Statement on U.S. Treasury's 363 Sale Proposal
The U.S. Treasury proposal announced today provides incentives for GM's unsecured bondholders to support GM's restructuring efforts in the event GM decides to pursue a 363 sale as part of a bankruptcy proceeding. ...

2009-05-27 GM Exchange Offers for Outstanding Public Debt Expire
DETROIT - General Motors Corp. (NYSE: GM) today announced the expiration of its exchange offers for $27.2 billion of its unsecured public notes and the related consent solicitations that were commenced on April 27, 2009. No further tenders of notes will be accepted and any notes previously tendered pursuant to the exchange offers will be promptly returned to the tendering holders. ...

2009-05-27 Cadillac Launches Two New Vehicles This Summer
DETROIT - Cadillac's model lineup expands with two dramatically-designed new luxury vehicles that also bring new dimensions of versatility and efficiency to the marketplace. ...

2009-05-22 GM Statement Confirming 2nd Quarter UST Loan Draw
GM confirmed today that it will draw an additional $4 billion in U.S. Treasury loans to maintain adequate liquidity as the company undergoes an aggressive restructuring. ...

2009-05-22 GM Statement Regarding Tentative UAW Agreement
GM is pleased to announce that it has reached a tentative agreement with the United Auto Workers, which was required to meet competitive costs benchmarks and the expectations of the U.S. and Federal governments for significant further reductions in the company's longer term liabilities. ...

2009-05-19 GM Files Supplemental Exchange Offer Prospectus
DETROIT - General Motors (NYSE: GM) today filed a prospectus supplement with the Securities and Exchange Commission relating to its exchange offers for $27 billion of its unsecured public notes and the related consent solicitations that were commenced on April 27, 2009. ...

2009-05-18 General Motors Statement Regarding National Program Attributable To GM President And CEO Fritz Henderson:
General Motors commends President Obama's leadership to establish a harmonized National Program to improve vehicle fuel economy and lower greenhouse gas emissions. ...

2009-05-15 GM Statement Regarding Dealer Network Communications
As noted in our recent S-4 filing and updated Viability Plan, General Motors plans to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010. ...

2009-05-15 MEDIA ADVISORY: General Motors North America Vice President Vehicle Sales, Service and Marketing, Mark LaNeve to discuss U.S. Dealer Consolidation Plans
Detroit, Mich. (NYSE: GM) - General Motors North America Vice President Vehicle Sales, Service and Marketing, Mark LaNeve will host a media conference call on Friday, May 15, regarding GM's U.S. dealer consolidation activities. ...

2009-05-14 GM Files Supplemental Exchange Offer Prospectus
DETROIT - General Motors (NYSE: GM) today filed a prospectus supplement with the Securities and Exchange Commission relating to its exchange offers for $27 billion of its unsecured public notes and the related consent solicitations that were commenced on April 27, 2009. ...

2009-05-08 MEDIA ADVISORY: GM President and CEO Fritz Henderson to Update Media on GM Restructuring Activities
Detroit, Mich. (NYSE: GM) - General Motors President and CEO Fritz Henderson will host his second media conference call on Monday, May 11, on GM's restructuring activities. ...

2009-05-07 GM Reports First Quarter Financial Results
DETROIT - General Motors (NYSE: GM) today announced its financial results for the first quarter of 2009, which predominantly reflect the effects of continued global economic pressures and low auto industry volumes worldwide. ...

2009-05-04 General Motors Sets New Monthly Sales Mark in China
Shanghai - General Motors and its domestic joint ventures set a new company record for monthly sales in China in April. Driven by growing demand for the Buick and Wuling portfolios ...

2009-05-04 GM Schedules Release of First-Quarter 2009 Financial Results
General Motors Corp. (NYSE: GM) plans to release its first quarter 2009 financial results on Thursday, May 7, 2009 at 7:00 a.m. ET via PR Newswire and GM Media Online (http://media.gm.com). ...

2009-04-28 GM Exchange Offers Approved in Europe
DETROIT - The United Kingdom Listing Authority has approved a prospectus to be published by General Motors Corporation in certain jurisdictions in the EU for GM's exchange offers and consent solicitations in which GM is offering to exchange 225 shares of its common stock for each 1,000 U.S. dollar equivalent principal amount ...

2009-04-27 GM Launches Exchange Offers and Consent Solicitations for Outstanding Notes
DETROIT - General Motors announced today that it is commencing public exchange offers for $27 billion of its unsecured public notes. The exchange offers are a vital component of GM's overall restructuring plan to achieve and sustain long-term viability and the successful consummation of the exchange offers will allow GM to restructure out of bankruptcy court. ...

2009-04-27 GM Accelerates its Reinvention as a Leaner, More Viable Company
DETROIT - General Motors (NYSE: GM) today presented an updated Viability Plan that will speed the reinvention of GM's U.S. operations into a leaner, more customer-focused, and more cost-competitive automaker. ...

2009-04-26 REVISED MEDIA ADVISORY: GM President and CEO Fritz Henderson to Update Media on Revised GM Viability Plan
Detroit, Mich. (NYSE: GM) - General Motors President and CEO Fritz Henderson will host a press conference on Monday, April 27, to update the media on GM's revised viability plan. ...

2009-04-24 GM Statement on UST Loan Draw of $2 Billion
GM confirmed today that it will draw an additional $2 billion in U.S. Treasury loans to maintain adequate liquidity as the company undergoes an aggressive restructuring. ...

2009-04-23 GM North America President Troy Clarke To Discuss Production Scheduling and Inventory Adjustments
Detroit, Mich. (NYSE): GM - General Motors North America President Troy Clarke will hold a news conference today, Thursday, April 23, to discuss the upcoming production scheduling and inventory adjustments. ...

2009-04-23 GM Reducing Output to Align with Market Demand
DETROIT - General Motors Corporation (NYSE:GM) announced today that, due to certain business developments, it is scheduling multiple down weeks at 13 assembly operations in North America. Under this plan, approximately 190,000 vehicles will be removed from GM's North American production schedule in the second and early third quarter of this year. ...

2009-04-19 GM and SAIC Promote Fuel Cell Propulsion Technology
Shanghai - General Motors Corp. and Shanghai Automotive Industry Corp. Group (SAIC) announced today the launch of SAIC's Shanghai Brand Fuel Cell Vehicle, which is powered by GM's latest fourth-generation fuel cell propulsion technology. ...

2009-04-16 MEDIA ADVISORY: GM President and CEO Fritz Henderson to Update Media on GM Restructuring Activities
Detroit, Mich. (NYSE: GM) - General Motors President and CEO Fritz Henderson will host a conference call on Friday, April 17, to update the media on GM's restructuring activities. ...

2009-04-08 General Motors Adding More Fuel-Saving Direct Injection Engines For 2010
NEW YORK - The all-new, five-passenger 2010 GMC Terrain joins the rapidly growing list of vehicles with GM's direct injected (DI) engines that use less fuel, make more power and produce fewer emissions. ...

2009-04-07 GM and Segway Join Forces to Reinvent Urban Transportation
NEW YORK - General Motors Corp. and Segway today demonstrated a new type of vehicle that could change the way we move around in cities. ...

2009-04-01 GM China Family to Showcase 37 Vehicles at Auto Shanghai 2009
Shanghai - The General Motors China family will be displaying 37 production and concept vehicles at Auto Shanghai 2009, this year's leading auto show in China, which begins on April 20. ...

2009-03-31 General Motors Unveils Unprecedented Customer Protection Package - "GM Total Confidence"
DETROIT - General Motors today announced the most comprehensive customer protection in the industry with "GM Total Confidence," a plan that protects a customer's paycheck, investment, vehicle and family. ...

2009-03-30 MEDIA ADVISORY: GM CEO Fritz Henderson To Discuss Announcements Made By President Obama
Detroit, Mich. (NYSE: GM) - General Motors CEO Fritz Henderson will hold a news conference tomorrow, Tuesday, March 31, to discuss announcements made by President Obama about the Task Force on Autos' and U.S. Treasury's decisions on aid to the auto industry. ...

2009-03-30 GM Statement on Auto Industry Restructuring
Today's announcement by President Obama begins a new era for the U.S. auto industry. It also marks a defining moment in the history of General Motors. ...

2009-03-30 GM Message from Rick Wagoner
Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I know that he is the ideal person to lead the company through the completion of our restructuring efforts. ...

2009-03-30 GM Statement on Officer and Board Announcements
Rick Wagoner is stepping down as chairman and CEO, effective immediately. Wagoner, 56, was named president and CEO in 2000, and assumed the role of chairman in 2003. ...

2009-03-29 GM Statement on U.S. Auto Industry Restructuring Announcement
We are anticipating an announcement soon from the Administration regarding the restructuring of the U.S. auto industry. We continue to work closely with members of the Task Force and it would not be appropriate for us to speculate on the content of any announcement. ...

2009-03-19 GM Statement on Treasury Supplier Program
This U.S. Treasury program recognizes how critical the domestic supply chain is in keeping America's auto industry running. ...

2009-03-19 Buick Tops 2009 Vehicle Dependability Study
Detroit - Further demonstrating Buick's ongoing commitment to quality, J.D. Power and Associates announced today that Buick tied for the highest ranking in vehicle dependability for three-year old models. ...

2009-03-17 GM Board Schedules Annual Stockholders' Meeting For Aug. 4 in Detroit
The General Motors Board of Directors today announced that the company's annual stockholders' meeting will be held on Tuesday, August 4, 2009 in Detroit. ...

2009-03-16 Promark Global Advisors is New Brand Identity of GM Asset Management
NEW YORK - In recognition of its growing client diversification, General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark). ...

2009-03-13 GM and Opel Launch Website to Support Fact-Based Discussion
The current need for bridge-financing for GM's European operations is rooted in a catastrophic economic crisis, the worst of its kind in more than 70 years. ...

2009-03-09 GM Statement Regarding the Auto Task Force Visit to Michigan
We were pleased to host the Task Force so they could experience firsthand the new products and technologies that are an integral part of GM's near- and long-term competitiveness. ...

2009-03-06 GM Statement Regarding the Company's Position on Restructuring
Contrary to today's story in the Wall Street Journal, GM has not changed its position on bankruptcy. ...

2009-03-05 GM Statement Regarding Auditor's 'Going Concern' Opinion Included in the Company's 2008 10-K Filing
Auditors are required to assess whether there is substantial doubt about an entity's ability to continue as a going concern over the next year. ...

2009-03-03 GM Statement Regarding Delphi Steering and Increased Advance Commitments
GM confirmed today that it intends to exercise its option under the GM/Delphi Master Restructuring Agreement to acquire the Delphi global steering business. The option covers Delphi global Steering business including employees, facilities, products, technical capability and intellectual property. ...

2009-03-03 Opel Ampera to head GM's environmentally friendly vehicle offensive
Geneva. With the premiere of the Opel Ampera, General Motors Europe presented today at the Geneva Motor Show its line-up of products poised to move the company forward in these tough economic times. ...

2009-02-26 GM Statement Regarding Meeting with Presidential Task Force on Autos
Today's meeting with the Presidential Task Force on Autos was just the beginning of the hard work ahead for GM and the President's team. ...

2009-02-26 GM Reports Preliminary Fourth Quarter and Calendar Year 2008 Financial Results
DETROIT - General M otors Corp. (NYSE: GM) today announced its fourth quarter and calendar year 2008 financial results, which were affected by the dramatic deterioration in global economic and market conditions during the year, declining consumer confidence and a 50-year low in per-capita auto sales in the United States. ...

2009-02-23 GM Schedules Release of Fourth-Quarter 2008 Financial Results
DETROIT - General Motors Corp. (NYSE: GM) plans to release its fourth quarter 2008 financial results on Thursday, February 26, 2009 at 7:00 a.m. ET via PR Newswire and GM Media Online. ...

2009-02-20 Saab On The Road to Independence
Trollhättan. As a result of GM's strategic review of the global Saab business the Saab Board announced today that it will file for reorganization under a self-managed Swedish court process to create a fully independent business entity that would be sustainable and suitable for investment. ...

2009-02-20 GM Supplier Statement on Saab Reorganization
Saab Automobile AB announced today that it has filed for reorganization in Sweden. In response to the concerns received from Saab's supplier base, General Motors Europe will promptly establish a viable mechanism for the timely payment of suppliers' claims towards Saab. ...

2009-02-20 Saab Automobile on the Way Towards Independence
After 20 years of foreign ownership, the future of Saab Automobile is once again in Swedish hands. ...

2009-02-17 GM Presents U.S. Government Updated Plan for a Viable, Sustainable Company
WASHINGTON - General Motors (NYSE: GM) today presented the United States Department of Treasury with an updated plan that boldly responds to the weaker global auto market conditions and details the company's long term viability. ...

2009-02-17 MEDIA ADVISORY: GM CEO Wagoner to Discuss Submission of Viability Plan to the United States Treasury
Detroit, Mich. (NYSE: GM) General Motors Chairman and CEO Rick Wagoner will hold a news conference today, Tuesday, February 17, to discuss the viability plan being submitted to the U.S. Treasury and to provide an update on the company's restructuring. ...

2009-02-16 GM Statement Regarding the Creation of a Presidential Task Force on Autos
GM welcomes the creation of a Presidential Task Force on Autos. We expect to meet soon with this team to share GM's detailed restructuring plan to ensure our long term viability and to meet the requirements of the U.S. Treasury loan agreements. ...

2009-02-11 New Saab 9-3X World Premiere at Geneva Motor Show
DETROIT - At the Geneva motor show in March, Saab will introduce the 9-3X -- a new addition to the 9-3 range. ...

2009-02-10 GM to Reduce Salaried Employment Levels
DETROIT - GM is notifying its employees that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000. These reductions are expected to take place in 2009. ...

2009-02-10 Chevrolet Spark: World Premiere at Geneva Auto Show
The all-new Chevrolet Spark, making its world premiere at the Geneva auto show in March, is a small car designed to make a big statement. It's big on style, big on fuel economy and, like all products carrying the Chevrolet gold bowtie, big on refinement and value. ...

2009-02-09 Bob Lutz moves to Senior Advisor Role; Will Retire at End of 2009; Tom Stephens Becomes Vice Chairman - Global Product Development
DETROIT - GM Chairman and CEO Rick Wagoner today announced that Robert A. Lutz, GM Vice Chairman - Global Product Development, will transition to a new role effective April 1, 2009 as Vice Chairman and Senior Advisor. ...

2009-02-05 GM announces sales and marketing reorganization in Europe
Zurich. General Motors (GM) will reorganize the sales, marketing and aftersales function in Europe. The aim is to give more responsibility to the individual brands and ...

2009-01-26 Opel To Reveal Ampera Electric Car At Geneva Motor Show
Rüsselsheim. Opel has announced Ampera as the name of its revolutionary extended-range electric car. The five-door, four-seat Opel Ampera will be revealed at the 2009 Geneva Motor Show (March 5-15). ...

2009-01-21 GM Announces 2008 Global Sales of 8.35 Million Vehicles
DETROIT - Record-setting sales performance in GM's Latin America, Africa and Middle East and Asia Pacific regions, and a third consecutive 2 million vehicles sales performance in Europe during 2008, helped General Motors sell more than 8.35 million vehicles globally last year. ...

2009-01-20 General Motors' Global Vice President of Design to be Awarded Automotive Hall of Fame Distinguished Service Citation
Edward T. Welburn, GM's Vice President of Global Design, will receive the Distinguished Service Citation from the Automotive Hall of Fame, January 25, at the National Automobile Dealers Association meeting in New Orleans. ...

2009-01-20 GM's African Operations Reaches Record Volume and Market Share Unit Sales Increase 18 Percent Over 2007
SOUTH AFRICA -Marking its fifth consecutive year of growth, General Motors African Operations increased 2008 vehicle volume 18 percent over 2007 crossing the 200,000 unit milestone for the first time to reach a record 212,362 unit sales. ...

2009-01-15 GM Latin America, Africa and Middle East Sets All-Time Sales Record in 2008
Miramar, FL - General Motors Latin America, Africa and Middle East (GM LAAM) region posted an all-time sales record in 2008, selling over 1.276 million vehicles, up 40,000 units over 2007, representing a 3.2 percent growth rate. ...

2009-01-14 An American Tradition Continues: New Presidential Era Begins With a New Cadillac Presidential Limousine
WASHINGTON - As Americans celebrate the inauguration of a new president of the United States next week, another new Cadillac will grace Pennsylvania Avenue to lead the proceedings. ...

2009-01-12 Chevrolet Volt Battery Packs Will Be Manufactured by General Motors in the United States
DETROIT - The Chevrolet Volt, an extended-range electric vehicle that delivers up to 40 miles of gasoline- and emissions-free electric driving, will use battery packs manufactured in the United States by General Motors, Chairman and CEO Rick Wagoner announced at the North American International Auto Show. ...

2009-01-11 GM Rally Showcases 16 New and Upcoming Cars and Crossovers at North American International Auto Show
DETROIT - General Motors opened the North American International Auto Show with a road rally of 16 new and upcoming cars and crossovers - including four global premieres - that underscores GM's ongoing commitment to emotionally compelling design, leading fuel efficiency and advanced technology. ...

2009-01-10 General Motors Delivers Two Live Video Webcasts from 2009 NAIAS
GM will deliver two live video streams during media days at the North America International Auto Show (NAIAS) in Detroit January 11 and 12, 2009. ...

2009-01-09 GM sells over 2 million cars in Europe in 2008
Zurich. General Motors (GM) sales in Europe reached a volume of 2.04 million vehicles in 2008, with a market share of 9.3 percent ...

2009-01-08 General Motors Achieves Record Sales in Asia Pacific in 2008
Shanghai - General Motors Corp. announced today that it set a new company record for vehicle sales in Asia Pacific in 2008. ...

2008 Press Release Highlights Archive
2007 Press Release Highlights Archive