General Motors and their black ink profits have revealed a steady recovery. GM has reached $865 million in earnings, which is far off their loss of $5.9 billion just a year ago. This is the first time in over three years that GM has shown a profit for the quarter. The total sales during the first 2010 period, which spans from January to March for this company, showed a forty percent increase. General... 

The CEO of General Motors Co. announced on Wednesday that his company has repaid in full the loans it received from U.S. and Canadian taxpayers. The announcement was made by CEO Ed Whitacre at a company assembly plant in Kansas City, Kan. The U.S. government still owns 61% of the company through different stock options. The Canadian government owns about 12% of the company through stock options. Both... 

GM (General Motors) or as some refer to the company as Government Motors, because of the bailout money, is joining Toyota and others in an auto recall. The company said it is recalling 1.3 million Chevrolet and Pontiac brand cars. The power steering motors are prone to failure, losing the power steering. The cars are sold in the U.S., Canada and Mexico. The recall effects Chevy Cobalts, Pontiac G5′s,... 

Move over, Toyota. The beleaguered Japanese automaker’s not the only one singing the recall blues. On Monday, the General Motors Corporation announced it will recall 1.3 million cars sold in the U.S Canada and Mexico because of faulty power-steering issues. Handling response may be compromised at speeds under 30 miles per hour, say GM officials who noted they had seen an increasing number of complaints... 

January 26, 2010 – The General Motors board of directors has decided to retain Ed Whitacre’s service as CEO of the company. Following CEO Fritz Henderson’s departure last year, Whitacre was named interim CEO. The move has been painted, by Whitacre, as a way to shore up stability in the company’s operations. GM is still in the process of recovering from its shakeup by the government last... 

General Motors is the latest company to drop famed gofer Tiger Woods from it’s endorsement campaign. Although Tiger’s contract with GM officially ended in 2008, he had been allowed to continue driving the free vehicles provided to him by the company for personal use. The Cadillac SUV that Wood’s crashed on his lawn back in November 2008 was reportedly one of these vehicles. General... 

According to reports Friday, General Motors said they will reconsider their decisions to close some dealerships in the US as part of a compromise to stave off federal legislation that would require them to keep showrooms open. In a restucting move, GM said it would cut 2,400 dealers from its 6,000-dealer network by fall 2010.  The company said it could save save $2.5 billion with the move. However,...