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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.
Barrett-Jackson Scottsdale Auction, Day 1
Wed, 18 Jan 2012The Barrett-Jackson Scottsdale Auction is under way in Arizona, and the first day's numbers are in from our friends at Hagerty. Now, before you think the economic sky is falling, remember, the good stuff crosses the block on the weekend. A 1969 Chevrolet Camaro Coupe Yenko recreation sold for $56,650.
Bob Lutz returns as General Motors adviser
Fri, 02 Sep 2011The raspy voice of Bob Lutz will again be heard at General Motors. The company announced on Friday morning that its former product czar is returning as an adviser. Lutz had been advising GM executives on an informal basis, the company said.