How does a company fail after 101 years of business? Daily Finance gives five reasons.
General Motors 
The fall of an American giant
The NY Times details the rise and fall of America’s most iconic car company.
Goodbye, GM
General Motors is on its deathbed, and filmmaker Michael Moore couldn’t be happier. He offers nine suggestions for transforming the company.
Are new cars old news in the US?
The New York Times is asking today: “Can American drivers live without that new-car smell?” The Big Money wraps the newspapers’ perspective.
Meet the new GM
It’s the new, government-owned General Motors, where bureaucrats are in the driver’s seat.
GM bankruptcy: What does it really mean?
GM are about to go under, which means a few less mansions for some executives and 20,000 workers out of work — but what does it mean for the Average Joe?
US stockmarket zombies snap out of it
Rising US bond yields have finally got the attention of stockmarket investors, triggering a reversal of Tuesday’s mindless surge in optimism and share prices, writes Glenn Dyer.
GM on the brink of bankruptcy
Bankruptcy looks all but certain for General Motors after bondholders rejected their offer to exchange $27 billion in debt for equity.
Saving Detroit, but what about creditors’ rights?
The US government, keen to protect workers, is providing taxpayers’ cash to keep GM and Chrysler afloat. But in its haste it has vilified creditors and ridden roughshod over their legitimate claims.
Pontiac put out to pasture
The Pontiac, now sacrificed on the altar of reorganisation/survival by General Motors, helped see the company through the Great Depression. The irony.
Workers sack the boss at Chrysler
The union has taken control of Chrysler, emerging with a 55% stake in the firm following its bankruptcy filing.
GM closes brands, cuts 20% of marketing staff
Marketing at General Motors is starting to resemble stuffing towels into the bow of the Titanic, as they cut staff and prepare to shut the Pontiac and Saturn brands.
GM to shut 13 car plants for summer
General Motors will shut down 13 of its 20 North American plants for several weeks of the US summer to allow its dealers to sell through their inventories.
GM bankruptcy will tell the tale
The surge in markets and the increasingly optimistic tone in official comments won’t be worth much if the US economy fails to absorb the looming bankruptcy at General Motors.
From bad to worse: GM recalls 1.5m cars
The possibility of engine fires has prompted General Motors to recall nearly 1.5 million passenger sedans. The stuff-up should help them select redundancy candidates…
Tips and rumours: Easter bunnyload of hot tips
A bucketload of anonymous tips sent to Crikey. Has KPMG sacked 50 people in Perth? And is The Gruen Transfer offending its audience?
Dyer’s business wrap: Ireland a basket case … GM chief quits
Deflation is once again stalking Japan — European manufacturing has got the staggers; the UK economy is contracting nastily, but Ireland is the global basket case as its economy shrinks at rates approaching a Depression.
Dyer’s business wrap: US stocks tumble … GM on the brink
For the second time this week, world markets have lurched deeper into the abyss, writes Glenn Dyer.
GM and Chrysler have ‘Oliver Twist’ moment
The automaker begging bowl is again being passed around Washington, with General Motors and Chrysler asking for an extra $US21 billion from the Obama administration, says Glenn Dyer.
US car sales on highway to hell
The US car industry is in deeper dispair at the start of 2009 than it was at the end of 2008, writes Glenn Dyer.
Real economy: New ways to slash and burn
It’s been another day and night of bizarre activity in the shrinking real economy, writes Glenn Dyer.
Chrysler shuts up shop for a month
Chrysler has joined General Motors in trying to take some control of its destiny by shutting down for Christmas, writes Glenn Dyer.
US on the road to somewhere else
In the US, plunging car sales means fewer cars, less trips and less deaths on the nation’s roads, writes Glenn Dyer.
