GM CEO RICK WAGONER

General Motors Chairman and CEO Rick Wagoner talks with reporters after addressing the Greater Miami, Florida Chamber of Commerce in Miami on February 18, 2006. (UPI Photo/Richard Sheinwald/GM)

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GM bankruptcy has pros and cons

DETROIT, Nov. 13 (UPI) -- Allowing a U.S. automaker to file for bankruptcy may be a better play for the federal government than reaching in with financial help, some analysts said.

Poll: Regulations critical, autos less so

PRINCETON, N.J., Nov. 11 (UPI) -- U.S. adults indicated they believed support for ailing automobile makers was less critical than tightening restrictions on financial firms, researchers said.

GM teetering on brink of bankruptcy

DETROIT, Nov. 8 (UPI) -- U.S. corporate icon General Motors Corp. is teetering on the edge of bankruptcy as auto sales shrink and the company burns through cash, the company revealed.

Ford, GM post losses large and larger

DETROIT, Nov. 7 (UPI) -- General Motors Corp. Chairman and Chief Executive Officer Rick Wagoner said further federal help was needed for the automotive industry.

UAW taps former GM exec on merger talks

DETROIT, Nov. 1 (UPI) -- Former General Motors Corp. executive Steve Girsky has been hired by the United Auto Workers union to advise it on automaker merger talks, sources say.

GM picks Flint, Mich., for new plant

FLINT, Mich., Sept. 25 (UPI) -- General Motors Corp. said Thursday it would construct a $370 million production plant in Flint, Mich., to build engines for the Chevrolet Volt.

GM unveils electric car

DETROIT, Sept. 16 (UPI) -- General Motors Corp. Tuesday unveiled its new electric car, the Chevrolet Volt, which it said will go on sale in 2010.

GM CEO pitches for federal funds

WASHINGTON, Sept. 12 (UPI) -- Federal loans of $25 billion would help the U.S. auto industry meet tougher efficiency standards, General Motors Corp. chief Rick Wagoner told Congress Friday.

GM to invest $500 million in new compact

DETROIT, Aug. 22 (UPI) -- Auto giant General Motors Corp. is preparing to invest $500 million in a new compact car, slated for production in Lordstown, Ohio, the company said.

U.S. markets post slim gains Friday

NEW YORK, July 25 (UPI) -- Slim gains on major U.S. stock markets held at the close Friday in spite of a drop of 7.7 percent in General Motors shares.