November 25, 2009
General Motors may now be forced to close the car brand after an anticipated deal falls through.
Detroit, Michigan (WiredPRNews.com) – General Motors Co. is no longer in talks with a Swedish specialty carmaker to buy its Saab brand. As reported by the Associated Press (AP), GM’s anticipated deal with Koenigsegg Group AB has fallen through, […]
September 15, 2009
Companies who received government bailout funds have outlined new policies meant to curb extravagant spending.
Press Release Service – Wired PR News – Keeping in line with requirements by the Treasury Department, companies who received bailout funds have posted new policies set to curb extravagant spending. As reported by the Associated Press (AP), financial institutions and […]
August 30, 2009
The longstanding venture between the Japanese and American automakers is set to end.
Press Release – Wired PR News – Toyota Motor Corp. will reportedly close the California based assembly plant it co-operates with General Motors. As reported by the Associated Press (AP), the Japanese automaker recently announced its plans to shut down New United Motor […]
August 12, 2009
The auto giant tests a new program to help them regain a lost share of the market.
Press Release Service – Wired PR News – General Motors Co. (GM) is testing a new avenue for increasing auto sales and regaining lost market share. As reported by Reuters, the auto giant and eBay are launching a new […]
July 10, 2009
Asbestos claimants want their cases to be heard by a U.S. Court of Appeals.
Mesothelioma Cancer News (New York) – Individuals with asbestos claims against General Motors Corp. are reportedly seeking to have their cases heard directly by the U.S. Court of Appeals. As reported by Bloomberg, the tort claimants are proposing that a recent decision […]
June 12, 2009
The government reportedly has no plans to give more funding to the two automakers.
Wired PR News – Chrysler and General Motors will reportedly not receive any further aid from the government. As reported by the Associated Press (AP), the president’s auto task force stated to lawmakers Wednesday that the two automakers are not expected receive […]
June 2, 2009
The two corporations are taken out of the stock index on Monday.
Wired “PR News – A surprising move was made by the Dow Jones industrial average Monday. As reported by Reuters, once well respected corporations General Motors (GM) and Citigroup have been removed from the index and will be replaced by Cisco Systems Inc. and […]
June 2, 2009
Yale graduate Brian Deese has been put in role to help fix General Motors.
Wired PR News – President Barack Obama has put a 31 year-old recent graduate of Yale Law School in a significant auto industry restructuring role. As reported by The New York Times, Brian Deese has been chosen to head the dismantling of […]
May 27, 2009
The automaker is seeking permission to sell assets despite objections.
Wired PR News – Financially struggling Chrysler will appear in bankruptcy court Wednesday. As reported by the Associated Press (AP), the automaker will request permission to sell many of its assets to a Fiat headed group to prevent having to resort to liquidation. The move has […]
May 20, 2009
Dealerships offer more deals on vehicles due to time constraints for selling their inventory.
Wired PR News – With limited time to sell their vehicle inventory, many Chrysler dealerships are offering bargains on thousands of vehicles. As reported by the Associated Press (AP), the dealerships, recently spurned by the financially struggling Chrysler corporation, have been left […]
