General Motors, Carmaker | featured news

Ed Whitacre will be replaced by The Carlyle Group's Daniel Akerson on September first.

General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.

General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said on Thursday.

The carmaker has begun taking orders for the plug-in vehicle, which is expected to be at dealers in November.

Automaker says problem with a heated windshield wiper fluid system could lead to a fire.

General Motors said its U.S. sales in May jumped 32% for the four brands the company kept after its restructuring thanks to continued strong demand for crossover vehicles and cars.

Why GM's future is in Asia.

"The company has shed dead weight, cut down its debt and slimmed its dealer network in order to be a more healthy business, but those moves have officially knocked The General from the top 10 of Fortune Magazine's fabled 500 list."

US auto sales rose in January but were tempered by Toyota Motor Corp. (TM), which suffered a sales slide late in the month from a recall that led the auto maker to halt sales of more than half its vehicles.

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.