In case you were wondering, we haven’t said much about General Motors’ bankruptcy trial because there hasn’t been much to report. The government still hasn’t budged on its July 10 deadline to see the General out of bankruptcy or liquidated; GM is still trying to sell off bad assets like superfund sites and golf courses [...]

In the market for a golf course? How about a toxic dump? Perhaps a parking lot in Flint, Michigan is more your speed? Get your checkbooks ready, because those three properties and many other holdings are about to be sold off as “bad assets” by General Motors (aka “Old GM”), so that the General can [...]

General Motors says Edward E. Whitacre, Jr., will be its new chairman. The former AT&T chief and ExxonMobil board member will lead newly downsized automaker as it seeks a way out of the government fold when the company is launched later this summer, a GM press release says. Interim chairman Kent Kresa will give up [...]

Fiat has shown the first signs that its alliance deal with Chrysler may not be all that it had hoped for, revealing late Friday that it has some concerns and that any further delays may jeopardize the whole deal. In a filing submitted by Fiat to the U.S. District Court in Manhattan to reject a [...]

Hold on to your hats, folks: it looks like the federal government’s one-two punch of bailout and bankruptcy may be working. At least in Chrysler’s case. When the company was shunted into court almost a month ago, the feds set a fairly ambitious turnaround schedule: they wanted to see Chrysler emerge from bankruptcy within 30 [...]

Shortly after Tesla Motors co-founder Martin Eberhard filed a lawsuit against Tesla Motors and its Chairman, Product Architect and CEO Elon Musk, the Silicon Valley automaker had this to say:This lawsuit is a fictionalized, inaccurate account of Tesla’s early years — it’s twisted and wrong, and we welcome the opportunity to set the record straight. [...]

The sale of Chrysler’s assets to Fiat have been delayed by Supreme Court Justice Ruth Bader Ginsburg after three Indiana state pension funds lost their case in New York and filed papers with the highest court the land. Early reports indicate that this is only a temporary stay, with Ginsburg saying the sale is “stayed [...]

General Motors makes more than a few world-class automobiles. As true as that statement may be, that alone wasn’t enough to stall the automaker’s steady decline – fueled as it may have been by the global economic downturn – into Chapter 11 bankruptcy. To expedite GM’s return to viability, the Obama Administration plans to split [...]