17 Articles
Official
GM ignition switch lawsuit: Judge throws out $1B settlement

He chides lawyers' 'dishonesty, or bad faith' but can't enforce the deal

Report
GM 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 tha

Report
Lawsuit 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."

Report
"Old GM" quietly dead and buried

After 103 years of stratospheric heights and immeasurable lows, General Motors Corp. has died. Motors Liquidation Co., or "Old GM," as it became known during the 2009 bankruptcy reorganization, was quietly dissolved on Thursday, Dec. 15, taking the company's bad debts and liabilities along with it.

Report
Trust says Old GM shorted property cleanup funds by $13.5M

A special trust called RACER was created last year to clean up 89 contaminated sites left behind by the old General Motors in 14 states. According to a report in the Detroit Free Press, GM was meant to provide $625.2 million (an earlier report in the Detroit News indicated $773 million) to pay for cleaning, and did so with with $49.9 m

Report
Trust says Old GM shorted property cleanup funds by $13.5M

A special trust called RACER was created last year to clean up 89 contaminated sites left behind by the old General Motors in 14 states. According to a report in the Detroit Free Press, GM was meant to provide $625.2 million (an earlier report in the Detroit News indicated $773 million) to pay for cleaning, and did so with with $49.9 m

Report
2007-2008 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

Report
Report: Old GM coughs up $2.8M to 12 states for mercury claims

Parts containing mercury were used for items like anti-lock brakes sensors and hood light switches until 2004. The following year, an umbrella organization called End of Life Vehicle Solutions (ELVS) began retrieving the mercury switches from junked cars, its activities paid for by contributions from automakers.

Report
Old GM coughs up $2.8M to 12 states for mercury claims

Parts containing mercury were used for items like anti-lock brakes sensors and hood light switches until 2004. The following year, an umbrella organization called End of Life Vehicle Solutions (ELVS) began retrieving the mercury switches from junked cars, its activities paid for by contributions from automakers.

Report: Judge approves plan to clean up "Old GM" sites

General Motors has been given the go-ahead to begin selling off the remaining old GM assets as part of the automaker's restructuring plan. According to The Detroit News, a federal bankruptcy judge approved the plan after a day-long hearing. Judge Robert E. Gerber is expected to issue a written opinion on the matter within the next few days, and the sale's confirmation date is set to be announced on March 31.

General Motors closes historic Willow Run plant

General Motors' enormous Willow Run plant built B24 Liberators that helped win World War II, but after 68 years, the historic facility has hit the end of its run. Willow Run built its last automatic transmission on December 15th. The site was originally set up by Henry Ford on a piece of his farmland, but has been owned by General Motors since the company purchased it from

Toyota suing Old GM over shutdown of NUMMI plant?

Toyota is still upset about how its joint NUMMI venture with General Motors was handled, and according to Automotive News, the Japanese automaker has now filed a lawsuit to the tune of $73 million. The suit is against Motors Liquidation Co., the company created to pick through the discarded ashes of "Old GM."

What happens at an 'Old GM' auction? Popular Mechanics investigates...

General Motors is in the process of auctioning off what it can from the shell of its old company, giving plenty of other businesses and individuals a first-hand glimpse inside The General's old manufacturing plants. Popular Mechanics stopped by an auction at the old Pontiac Assembly East facility to see exactly what was going under the gavel and who was there to snap up the old tools of the trade. As you might expect, there were

'Old GM' to reportedly set aside $773M for environmental cleanup plan

The U.S. Government and old General Motors have reached an agreement that may make some of the company's former properties more appetizing to buyers. The estate of the bankrupt GM has agreed to set up a $773 million trust dedicated to cleaning up 89 of the company's former properties. Around two-thirds of those are known to have been contaminated by hazardous waste. The deal was reached with the approval of 14 states and a tribal government, though

'Old GM' to reportedly set aside $773M for environmental cleanup plan

The U.S. Government and old General Motors have reached an agreement that may make some of the company's former properties more appetizing to buyers. The estate of the bankrupt GM has agreed to set up a $773 million trust dedicated to cleaning up 89 of the company's former properties. Around two-thirds of those are known to have been contaminated by hazardous waste. The deal was reached with the approval of 14 states and a tribal governme

At 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.

New 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 offi