GM Warned of Possible Downgrade
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General Motors Corp. GM.N was warned  of another possible cut in its debt rating on Monday, a day  after the world's largest automaker said it would spend about  $2 billion (1.55 billion euros) to end its troubled alliance  with Fiat Spa FIA.MI.
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OCTOBER 20, 2004 (IDG NEWS SERVICE) - The relationship between General Motors Corp. and the software industry will experience some major changes over the next few years as software becomes a more important
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General Motors Corp GM.N on Friday  denied that dealerships were cutting back on orders of the  company's 2005 models due to swollen inventories of unsold cars  and trucks from the 2004 model year.
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General Motors Corp. reported the largest annual loss for an automotive company Tuesday and said it is making a new round of buyback offers to US hourly workers as it struggles to turn around its North American business amid a weak economy
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The top executive at General Motors  Corp said Sunday that the woes of the economy were a concern to  the automaker but predicted that the second half of 2008 would  be better than the first.
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General Motors, the world's biggest carmaker, is set to reveal the thrust of an eagerly awaited reorganisation plan for its loss-making European operations this week, according to an industry source.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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SANTA CLARA, CALIFORNIA - The relationship between General Motors Corp. (GM) and the software industry is set for some major changes over the next few years as software becomes a more important component of the automobile, said Anthony Scott, the chief technology officer of GM's Information Systems and Services organization, at a conference of software industry executives Tuesday in Santa Clara, California.
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Standard & Poor's on Friday said General Motors Corp's  ratings are no longer on review for an upgrade, citing serious challenges the automaker will face over the next two years.
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General Motors Corp.GM.N is planning   to offer longer warranties on its vehicles in an effort to   boost consumer confidence, a person briefed on the plan told   Reuters on Wednesday.
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XM and Sirius get hit with a downgrade.
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GMAC, the former finance arm of General Motors Corp. , said on Tuesday it would receive another $1 billion from GM and warned it would be hit by pressure from a weakening market for U.S. mortgages.
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A General Motors review of its Saab subsidiary could lead to the upmarket car brand being axed, if the heavy investment required to revive it is deemed unjustified.
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Car buyers will face a new form of sticker shock when they browse dealer lots next year: Mileage estimates will be down, reflecting the way people actually drive.
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General Motors Corp. could take a  $1 billion charge in the second quarter in relation to its  financial exposure to Delphi Corp , GM spokeswoman  Renee Rashid-Merem said on Thursday.
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General Motors Corp. , coming off two straight months of disappointing sales, told dealers on Tuesday it will launch new U.S. sales incentives later this week.
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Both General Motors and the United Auto Workers want to be seen as driving hard bargains. But each may be driving itself out of business.