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Representatives of General Motors’ bondholders expect to meet with the U.S. government task force overseeing the rescue and restructuring of the auto industry, a person familiar with the matter said on Friday.

Tags: Auto Industry, Bondholders, General Motors, Gm, Government Task Force, Restructuring, United States

The number of “going concern” warnings by corporate auditors could hit an all-time high this year, as the U.S. recession has put the survival of hundreds of companies in doubt, the CEO of accounting firm Grant Thornton predicted this week.

Tags: Accounting Firm, Ceo, Corporate Auditors, Doubt, Going Concern, Grant Thornton, Recession, Survival, United States

If, as expected, General Motors’ auditors question the automaker’s ability to remain viable, that could set off a chain reaction resulting in banks’ canceling loan agreements with GM’s suppliers, industry and accounting officials said today.

Tags: Accounting, Auto Makers, Auto Parts, auto-parts makers, Automaker, Banks, Chain Reaction, General Motors, Gm, Loan Agreements, Solvency

If, as expected, General Motors’ auditors question the automaker’s ability to remain viable, that could set off a chain reaction resulting in banks’ canceling loan agreements with GM’s suppliers, industry and accounting officials said today.

Tags: Accounting, Automaker, Banks, Chain Reaction, General Motors, Gm, Loan Agreements, Solvency

A private dealership group headed by billionaire Robert Johnson has bought a Chevrolet dealership in Huntsville, Ala., formerly owned by bankrupt Bill Heard Enterprises Inc.

Tags: Alabama, Bill Heard, Bill Heard Enterprises Inc., Billionaire, Chevrolet, Chevrolet Dealership, Dealership Group, Group Buys, Huntsville, Huntsville Ala, private dealership group, Private Group, Robert Johnson

A private dealership group headed by billionaire Robert Johnson has bought a Chevrolet dealership in Huntsville, Ala., formerly owned by bankrupt Bill Heard Enterprises Inc.

Tags: Alabama, Bill Heard, Bill Heard Enterprises Inc., Billionaire, Chevrolet, Chevrolet Dealership, Dealership Group, Group Buys, Huntsville, Huntsville Ala, private dealership group, Private Group, Robert Johnson

Automakers may post the lowest U.S. sales total for any February in at least 34 years when results are tallied Tuesday. Analysts’ forecasts range from 685,000 sales from the auto information site Edmunds.

Tags: Auto Information, auto information site, Automakers, S Sales, United States

People close to the auto industry say they doubt the task force that President Barack Obama has assembled to help the industry restructure can make the tough, quick decisions needed to prevent disaster.

Tags: Auto Industry, Barack Obama, Clout, Decisions, Disaster, Doubt, People, Rattner, Restructure, Task Force

People close to the auto industry say they doubt the task force that President Barack Obama has assembled to help the industry restructure can make the tough, quick decisions needed to prevent disaster.

Tags: Auto Industry, Barack Obama, Clout, Decisions, Disaster, Doubt, People, Rattner, Restructure, Task Force

Although the new Chevrolet Camaro will be the pace car for the Indianapolis 500 race in May, General Motors will break with the past and not offer consumers a limited-edition pace car replica.

Tags: Break, Camaro, Chevrolet, Chevrolet Camaro, Chevy Camaro, Consumers, General Motors, Indianapolis, Indianapolis 500, Indy, Indy 500, Limited Edition, New Chevrolet Camaro, New Chevy Camaro, Pace 500, pace car, Pace Car Replica

Alan Mulally says Ford Motor Co. is carving out a place of its own as the industry struggles to get through the deepening recession.

Tags: Alan Ford, Alan Mulally, Ford, Ford Leads The Way, Ford Motor, Ford Motor Co., Leads, Mulally Ford, Mulally Says Ford, Recession

Auto financier GMAC LLC, the recipient of a $6 billion federal bailout in December, today said CEO Alvaro de Molina was awarded $11.62 million of compensation in 2008 — which doubled his total compensation from 2007. De Molina was awarded a $1.

Tags: 6 Million, Alvaro De Molina, Bailout, Ceo, Financier, Gmac, GMAC LLC, Llc, Recipient, USD

General Motors’ German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.

Tags: Bid, EUR, Euros, Factories, General Motors, German Unit, Gm, Gm Officials, Gm Part, Jobs, Opel, Restructuring, Spin, USD

General Motors’ German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.

Tags: EUR, Euros, Factories, General Motors, German Unit, Gm, Gm Officials, Gm Part, Jobs, Opel, Restructuring, Spin, USD

General Motors’ German unit Opel today agreed to a restructuring plan that aims to save as many jobs and factories as possible but needs 3.3 billion euros ($4.18 billion) in state aid, GM officials said.

Tags: EUR, Factories, General Motors, German Unit, Gm, Gm Officials, Jobs, Opel, Restructuring, USD

Auction Broadcasting Co. of Indianapolis, Ind., has become part owner of two independent auction sites in the Huntsville, Ala., and Memphis, Tenn., areas. Effective Sunday, Dealers Auto Auction of Huntsville in Athens, Ala.

Tags: Alabama, Athens, Auction Broadcasting Co., Auction Sites, Auto Auction, Broadcasting, Dealers Auto, Huntsville, Huntsville Ala, Independent, Indiana, Indianapolis, Memphis, Memphis Tenn, Tennessee

Ford Motor Co. said today that it would resume production at an Ohio plant that will be the world’s first to produce one of a new family of engines that offer better fuel economy.

Tags: Ford, Ford Motor, Ford Motor Co., Ford Ohio, Fuel Economy, New Engines, New Ford, Ohio

Seating and electronics supplier Lear Corp. expects its auditors to question the supplier’s ability to remain solvent through 2009 when Lear files its annual report with the U.S. Securities and Exchange Commission.

Tags: Annual Report, Electronics Supplier, Going Concern, Lear Corp, Securities And Exchange, Securities And Exchange Commission

Magna Steyr will debut an electric car at the Geneva auto show that highlights the company’s prowess in future technologies.

Tags: Car Show, Electric Car, Future Technologies, Geneva, Geneva Auto Show, Magna Steyr, Prowess

Nissan said today it would skip some major international auto shows in its new business year starting on April 1 to save cash as global car sales plummet.

Tags: April 1, Auto New, Auto Shows, Car Sales, Global Car, International Auto, Major Auto, New Business, Nissan, Nissan Auto

France wants U.S. aid to the car sector to be checked to see if it fits World Trade Organization rules, President Nicolas Sarkozy said, escalating tensions over rival industrial policies.

Tags: car aid, Car Sector, France, Industrial Policies, Nicolas Sarkozy, Organization Rules, President Nicolas Sarkozy, Tensions, United States, World Trade Organization, World Trade Rules

General Motors sources today confirmed press reports that its Opel subsidiary could sell a German car plant to Daimler.

Tags: Car Motors, Car Plant, Daimler, Daimler General Motors, General Motors, German Car, Gm, Opel, Sell Car, Subsidiary

General Motors’ German subsidiary Opel has contacted Mercedes parent Daimler over plans to sell its Eisenach plant where Opel manufactures the Corsa small car, a German newspaper reported.

Tags: Corsa, Daimler, Daimler General Motors, General Motors, German Newspaper, German Plant, German Subsidiary, Gm, GM's Opel, Mercedes, Opel, Opel Corsa, Small Car

Ford Motor Co. has renewed its commitment to build new vehicles at five U.S. assembly plants and to consult with the UAW before it shifts any work to Mexico in steps aimed at preserving union jobs.

Tags: Assembly Plants, Ford, Ford Motor, Ford Motor Co., Ford Uaw, Jobs, Mexico, New Vehicles, Uaw Agreement, United States

As General Motors’ losses grow, so does the amount it plans to cut on marketing spending.

Tags: 800m, As General Motors, General Motors, Gm, Losses, Marketing Budget, Slash, USD