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    Report: GM's Akerson says taxpayer payback will take years
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    New General Motors CEO Dan Akerson's first bit of big news isn't exactly good news: paying back the taxpayer for loans during GM's dark days is going to take years. How many years remains uncertain, with Akerson saying the company's performance will be the test, since repaying the government in a ...

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    California Chevrolet dealer unhappy with arbitration, sues for franchise
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    When General Motors announced a couple of weeks ago that it had completed the arbitration process with all of its discontinued dealers, the automaker no doubt hoped that its painful retail shrinkage process was over. But sadly, it was not to be – Rally Auto Group of Palmdale, CA, is ...

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    GM eliminates 2,000 dealers, will end year with 4,500 showrooms
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    A little more than a year ago, General Motors had in excess of 6,000 dealerships across the country. In the viability plan GM submitted to Congress the automaker stated it would shut down 400 dealerships every year, shedding 1,600 of them by 2012. The General said it eventually wanted to get down ...

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    Report: GM to announce repayment of federal loans in full on Wednesday
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    According to The Detroit News, General Motors will announce that it is fully repaying the federal loans it received last summer from both the United States and Canadian governments. In total, General Motors will have paid back about $6.7 billion ($2 billion of which has already been returned) of ...

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    How is it that GM is still worth more than Ford?
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    General Motors, which hasn't been allowed to forget its recent financial propping up by all of us, is apparently still worth more than Ford Motor Company. That's a dubious fact that sticks in the craw of Detroit Free Press columnist Tom Walsh. Ford, you'll recall, preemptively mortgaged itself up ...

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    Christmas List 2010: Rattner's book to debut in time for next Christmas
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    Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what's ...

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    REPORT: General Motor still on track for 2010 IPO
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    While defending the government bailout of America's auto industry, Herb Allison (above), the Treasury Department's assistant secretary for financial stability, said that a General Motors initial public offering is still a go for next year. While Allison still believes it was essential to ...

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    REPORT: GM gets out from under its polluted sites scot-free
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    Among those clamoring for attention and payouts from Motors Liquidation Co., the company that assumed General Motors' unwanted assets after its Chapter 11 filing, are the environmental and economic redevelopment departments of state governments. According to reports, when GM exited bankruptcy, ...

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    REPORT: New GM entitled to $16 billion in federal tax breaks courtesy of Old GM
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    Due to what appears to be a slight (additional) bending of the rules, the "new," post-bankruptcy General Motors has been allowed to carry the $16 billion net operating loss that was created by the "old" GM. That means that New GM will not have to pay taxes on its profits for a while, because the ...

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    Paging Captain Obvious: Liquidation Motors reportedly tanks in trading
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    The short version: old General Motors is worthless, new General Motors is... well, less worthless. The Securities and Exchange Commission has already warned us that Motors Liquidation Company, the new name for the leftover scraps of GM, is not expected to return any value to stockholders. Despite ...

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    Autoblog Podcast #135
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    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    Episode #135 of the Autoblog Podcast is here. Chris, Sam and Dan took time out to chat about GM's fast-moving reorganization, Smart's dubious $99/month deal, raising gas taxes as a better way to increase fuel economy, and Shunk's ...

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    The Greenwash to End All Greenwashing? GM reportedly pondering changing logo color
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    2010 Chevy Spark - Click above for high-res image gallery
    General Motors has certainly been pumping out a greener message for the last few years, but, on the eve of its likely emergence from bankruptcy, it looks like it might be ridiculously difficult to miss the company's shift to a new and very ...

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    WSJ Column: Higher gas taxes better strategy than CAFE to save GM
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    2009 Chevrolet Cruze - Click above for high-res image gallery
    Ford Executive Chairman Bill Ford and AutoNation CEO Mike Jackson were just two voices that spoke out in favor of a higher gas tax earlier this year. While we took the Cato Institute's Alan Reynolds to task for muddying the waters of ...

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    Autoblog Podcast #133
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    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    The dynamic duo of Chris and Sam carry off Episode #133 of the Autoblog Podcast without a hitch. Though down a man, the pair didn't cheap out on topics or duration, it's the same podcast goodness. It kicks off with Hyundai's ...

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    BREAKING: Swedish TV reports Koenigsegg buying Saab
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    We don't have much to go on yet, but Swedish television is reportedly claiming that Koenigsegg, makers of ultra high-performance exotic supercars, and a group of Norwegian investors have signed a letter of intent with Saab to take over the brand from General Motors. Final negotiations will ...

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    GM grants reprieve to 30 dealers, reviewing more
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    General Motors wants to shrink its dealer network by around 2,500 outlets and has sent closure notices to more than a thousand already. Still, the General has left a door open that allows affected dealers to appeal the decision and show proof of why they should not be cut from the herd. According ...

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    REPORT: Cheney says Bush left GM bankruptcy for the next guy
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    The writing's been on the wall for years: GM would have to declare bankruptcy if it had any hope of restructuring in order to survive in the long-term. And though the Obama administration's effective take-over of General Motors was hardly the first case of the government nationalizing a private ...

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    Meet Brian Deese, the 31-year-old in charge of breaking up GM
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    Many of us ABers being in our early- to mid-30s, we're less amazed that another of our ilk has risen to a decisive government position. We are, after all, a generation on the rise. The surprising part about Brian Deese's story is that he's been instrumental in shaping the Obama administration's ...

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    Top 7 Good Cars From "Bad GM"
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    General Motors makes more than a few world-class automobiles. As true as that statement may be, that alone wasn't enough to stall the automaker's steady decline – fueled as it may have been by the global economic downturn – into Chapter 11 bankruptcy. To expedite GM's return to ...

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    Autoblog Podcast #130
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    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    Episode #130 of the Autoblog Podcast sees Chris, Sam, and Dan kibbitzing over the obvious news, but it's not an All-GM-Bankruptcy show. Starting with General Motors (after all, it's a huge event) we move on to Magna's deal with ...

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