GM has accused the trust it used during its 2009 bankruptcy sale of plotting with attorneys in an attempt to make the car manufacturer pay $1 billion in stock as part of a class-action settlement.
Read more »
Related News
Volkswagen To Pay $1.21 Billion To U.S. Dealers In Diesel SettlementVolkswagen is set to make $1.21 billion in payments to its U.S. dealerships as part of its $16.5 billion emissions…
- GM Avoids Paying Old GM Trust $1 Billion In Stock
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust…
Corvette Production To Stop As GM Upgrades FactoryGeneral Motors is thought to be planning to shut down the Corvette production line at the Bowling Green Assembly Plant…
GM Highlights Two Decades Of OnStar ConnectivityWith services now spanning four continents, 18 countries, 10 languages and 13 time zones, OnStar has been at the forefront…
- GM CEO Mary Barra Elected To Disney Board
General Motors chief executive Mary Barra has been elected as the newest member of Disney’s board of directors.Read more »
GM Shall Increase Midsize Pickup ProductionSales of the Chevrolet Colorado and the GMC Canyon have exceeded GM's initial estimates, so General Motors wants to make…
GM Launches Rental Program For Lyft DriversGeneral Motors and ride-sharing company Lyft announced the launch of an exclusive short-term rental program called Express Drive.Read more »
GM Restores Sinkhole-Damaged 1 Millionth CorvetteYou might recall that in February 12, 2014, a sinkhole opened at the National Corvette Museum and swallowed eight historic…
Cadillac’s CEO Wants More Autonomy From GMIn a bid to be more like the established luxury automakers that are part of a bigger automotive group, Cadillac…
- GM Reopens Its Birthplace After Extensive Restoration
General Motors has reopened its Durant-Dort Factory One which is considered to be the company's birthplace.Read more »
GM China Launches Employee Carpooling ProgramGeneral Motors China has introduced a pilot program for their Shanghai employees, enabling them to carpool together using a self-developed…
- GM Avoids Paying Old GM Trust $1 Billion In Stock
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust…
GM To Invest $1 Billion Into U.S. Manufacturing And Move Axle Production From MexicoGeneral Motors has announced a round of significant investment into its U.S. manufacturing operations on the back of the $2.9…
GM To Invest $5 Billion In New Small Car Family For Emerging MarketsGeneral Motors is planning to spend $5 billion over the next several years to develop a new range of small…
- Forget Ford, Tesla Now More Valuable Than GM At $51 Billion!
Barely a week after Tesla exceeded Ford in market value, Elon Musk’s baby has now become more valuable to investors…
GM Lawyers Ask Judge To Throw Out $1 Billion Ignition-Switch DealGeneral Motors lawyers have asked a federal bankruptcy judge to throw out a settlement requiring the carmaker to pay more…
Spyker Slaps GM With $3 Billion Lawsuit Over SaabWhen the dust finally settles, history will find that no single event or decision was responsible for the bankruptcy of…
Takata Could Pay $1 Billion To Settle Criminal ProbeTakata is edging towards a settlement with federal prosecutors that could cost the airbag manufacturer $1 billion.Read more »
Chinese Government To Slap GM With Anti-Trust Fine?General Motors is currently the second largest foreign carmaker in China, with a record 3.06 million deliveries through October, trailing…
Key GM Supplier Files For Bankruptcy Potentially Hurting Automotive GiantThe North American production of General Motors is at serious threat after a key supplier of the automaker filed for…
- GM Avoids Paying Old GM Trust $1 Billion In Stock
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust…
