Should General Motors Raise the White Flag?
Excerpt from the InvestorGuide.com Stock of the Day on 3/6/2009

When auditors of Deloitte & Touche assessed General Motors' financials, they issued a "going-concern" warning. This means that auditors are not sure if the company will have enough money or resources to stay afloat. This sent shares of the company's stock down below the $2 threshold in Thursday's trading session. It continued into Friday's early morning trading when shares fell as low as $1.60. Clearly, the only reason the company has been able to weather the storm was due to the government bailout funds provided to the company. However, they still seemed inadequate in preventing certain doom, and many are expecting the company to file for bankruptcy. The question is, should they really go through with it? More >

Does GM think buying Chrysler will give it more leverage with the Government?
Excerpt from the InvestorGuide.com Stock of the Day on 10/27/2008

Things are getting pretty desperate at General Motors. GM has seen its market share and stock plunge due to its inability to profitably sell smaller, fuel efficient vehicles. That has been the criticism and the major problem for the last 2-3 years. But at least back then, people were still buying cars. Now even if GM could make money selling smaller cars, it would still be in trouble because total car sales in the US are projected to be only 13.5 million in 2008 (a full 5 million less than the peak in 2000). So GM also has to deal with a glut of overcapacity. Apparently, its preferred solution for getting out of this mess is buying Chrysler. Does that make sense? More >

GM Announces Third Largest Quarterly Loss in its History
Excerpt from the InvestorGuide.com Stock of the Day on 8/1/2008

General Motors Corp. reported a loss of $15.5 billion dollars, third largest quarterly loss in its history. GM's fourth straight quarterly loss comes as a sluggish U.S. economy and sky high gas prices drag U.S. auto sales to 15-year lows. The company's losses include $9.1 billion in one time charges consisting of $2.8 billion in liabilities related to Delphi Corp and buyouts of 19,000 U.S hourly workers. General Motors' CEO released a statement saying that the company aims to get the second quarter behind them and move ahead with their restructuring and liquidity plans. While these plans may seem promising, they are not due to have full effect until 2010. Can General Motors survive another three years of such astounding losses? Or will this quarter mark a turning point for this flailing automaker? More >

General Motors' Sudden Strategy Shift   6/3/2008

Bell Tolls For GM As Workers Go On Strike   9/24/2007

General Motors Increases Profit, Racing for First Place   7/31/2007