In First Report After Bankruptcy, G.m. Posts Loss

In First Report After Bankruptcy, G.M. Posts Loss

General Motors said on Wednesday that it had a positive cash flow of $1 billion in the six months after emerging from bankruptcy protection.

RELATED ARTICLES
  • Ford shareholders reject stock proposal
    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
  • AP Source: Fiat mulls IPO after buying Chrysler
    The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
  • Ford Profit Rises on Strong North American Sales
    The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations. More
  • Chinese Auto Market Shifts Toward Larger Cars
    Auto buyers in what is the world’s largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. More
  • Judge denies $20M severance deal for AMR CEO
    A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
BING NEWS:
  • Premier League reach ‘broad consensus’ with players, but delay Project Restart by a week — report
    While players understandably have some reservations about returning to play football in the time of COVID-19, the “majority” want to return and have apparently reached a “broad consensus ...
    05/13/2020 - 5:57 pm | View Link
  • The Hill's Morning Report
    McConnell said he intends to fill "critical posts" across the government in the coming weeks, ranging from public health to national security "that relate directly to the safety of the American ...
    05/4/2020 - 11:42 pm | View Link
  • Intelligence report: How automakers have been changed by a virus
    April 27: GM suspends quarterly dividend payouts and share buybacks. April 28: Ford posts a $2 billion first-quarter net loss and projects an operating loss of at least $5 billion in the second ...
    05/3/2020 - 5:09 pm | View Link
  • Alberta’s failed oil and gas bailout a warning to feds: report
    One of those companies, Trident Exploration, filed for bankruptcy in 2019 despite receiving $60 million from AIMCo. Funding from AIMCo comes from pensions and the Heritage Fund. “AIMCo has been ...
    04/22/2020 - 2:25 am | View Link
  • UAW president faces corruption probe 1 month into term: Report
    GM and Ford promoted a combined 1,500 temporary workers to full-time status as a result of their new contracts ratified by the union in the fall. 15 hours ago ...
    01/8/2020 - 1:49 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News