Word: gm
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...giant finally made up its mind Thursday and decided to sell a majority stake to a bid headed by Canadian car-parts firm Magna, albeit with strings attached. The deal came as something of a surprise; over the past few days there has been feverish speculation in Berlin that GM had decided to hang onto Opel in Germany as well as its Vauxhall brand...
...German government officials were left in the dark over GM's intentions until the very last minute. One government official said he had "no idea" what GM had decided, and union leaders were still claiming GM wanted to keep Opel and Vauxhall. (See the 50 worst cars of all time...
...hundred bucks to attend a game and cheer on the first team in NFL history to finish the season 0-16, as the Lions did last year. So it's no surprise that the Lions are having trouble selling out their 65,000-seat stadium. But should laid-off GM workers, who just want to watch their Lions as a form of Sunday escapism, be punished for these dreadful circumstances? "We get screwed over," says Sean Yuille, a University of Michigan student who runs Pride of Detroit, a Lions fan blog...
...milestones on the road to GM's bankruptcy...
...product pipeline is thin, suggesting that the automaker will struggle until help from Fiat materializes, says Rebecca Lindland, an analyst with IHS Global Insight. Ron Bloom, President Obama's point man on the automotive task force, acknowledged as much in a recent interview when he said that Chrysler, unlike GM, would not be ready for an initial public offering of stock next year...