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22GM faces $2B hit if bankruptcy protection provision fails

General Motors could face settlements totaling near $2 billion if US bankruptcy judge Robert Gerber rules that executives knew the company might be liable to owners of cars with faulty ignition switches built before its July 2009 bankruptcy. An additional $500 million, according to calculations by Bloomberg News, could be added to that total for vehicles with bad ignition switches that were built post-bankruptcy.

24Lawsuit could unravel New GM

A lawsuit that pits hedge funds against creditors is going to trial today, and the outcome could threaten to unravel "New General Motors."

442007-2008 Chevrolet Impala owners suing Old GM over suspension woes

Owners of 2007-2008 Chevrolet Impala models are once again suing Old General Motors for defects in their vehicles' suspensions. The Detroit News reports that three Impala owners have filed suit in U.S. bankruptcy court claiming that the sale of the company's assets was in bad faith and fraudulent on the grounds that the company didn't disclose its obligations to Impala owners. As you may recall, these owners attempted to sue GM on the grounds that the company acknowledged and repaired defects in

24GM loses $1.2B last quarter, ready to start repaying loans

This is one of the trickier press releases we've ever had to parse, but here goes. Despite losing $1.15 billion in the third quarter of 2009, General Motors sees this as a "solid foundation." GM President and CEO Fritz Henderson continues, "With a healthier balance sheet and a competitive cost structure, our focus is on driving top line performance. We'll achieve that by winning customers over, one at a time, with vehicles that deliver performance and value."

AddAt Witz' End - A sneak peak at the "new GM's" critically important product future

It was probably mid-1980, soon after the federal government agreed to guarantee massive loans to financially struggling Chrysler Corp., when then-Chrysler Chairman Lee Iacocca invited groups of auto media and analysts to its styling center for an off-the-record preview of what was coming two, three, even four years down the road. Most were impressed.

71Analysts: Say hello to the new GM, same as the old GM [w/VIDEO]

GM explains "New GM" in new commercial – Click above to watch video after the jump

AddDay one for The New GM: the more things change... Lutz stays, company needs vehicles that matter

After only 40 days in bankruptcy, General Motors emerged today as the new GM (sans green logo, for now). While the bankruptcy was about as short and sweet as they come, the future is what everyone is most interested in, and it's kind of looking a lot like the present/past.

56The Greenwash to End All Greenwashing? GM reportedly pondering changing logo color

2010 Chevy Spark - Click above for high-res image gallery

AddThe Greenwash to End All Greenwashing? GM reportedly pondering changing logo color

2010 Chevy Spark - Click above for high-res image gallery

11REPORT: Federal bankruptcy court expected to rule on "New GM"

According to Reuters, General Motors is on its way into bankruptcy court today in an effort to win approval and access to additional federal funding under its asset-split plan. The automaker filed for Chapter 11 protection just 30 days ago, but it will now go before Judge Robert Gerber to sell desirable assets (think: Chevrolet, Cadillac, GMC, Buick) to "New GM" and jettison various debts and negative assets by consigning them to "Old GM," which would be liquidated. If it succeeds in winning cou

31New GM will take on future product liability claims, but not the current ones, against Old GM

A consumer group representing people who currently have product liability claims against GM and Chrysler looks like it won't be getting much, if any, restitution. When GM went into bankruptcy, it still planned to deny any liability claims -- ones that came up today, for instance -- when the new GM was formed. In a reversal meant to quell resistance from that consumer groups and state officials, New GM has agreed to assume liability for future claims on products made by Old GM.

46Former AT&T chief Edward Whitacre, Jr. named chairman of New GM

A new General Motors needs new leadership. So following the replacement of former CEO Rick Wagoner with Fritz Henderson, the General has announced its new incoming chairman: Edward E. Whitacre, Jr.

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