During an interview with US television show Political Capital With Al Hunt, US Treasury auto adviser Steve Rattner suggested that the talks between GM and its debt holders may need an official deadline to finally reach a resolution.

It now looks like that day may soon be at hand, reports GM Inside News, with the US [...]

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General Motors and Chrysler could be in worse trouble than either company has let on, which, given the acknowledgement of both manufacturers that bankruptcy is a genuine danger, is really saying something.

To date, the two companies have received US$17.4 billion in government aid, and both are hoping to receive an extra $21.6 billion between them.

The [...]

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Usually, at the first sign of trouble the rumour-mill goes into overdrive. No-one knows this better right now than General Motors. The condition of the car maker’s finances and future - in both the US and Europe - has been given unprecedented attention and press speculation.

In an attempt to counter the spread of misinformation, GM [...]

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With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is “substantial doubt” surrounding the car maker’s ability to continue operations.

GM has struggled to generate cash flow in the worst automotive market for 27 years. Poor product planning, slow moving development of new models and [...]

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If Optimus Prime was looking to General Motors to fund his GM-heavy Autobot army in the upcoming Transformers sequel, he’s got another think coming.

The General (Motors, not Optimus) has announced it will cut a further US$800 million (a cool $1.26b in Aussie dollars) from its advertising budget – an extra US$200m on top of the [...]

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