As if overproduction of overpriced vehicles weren’t enough to give an automaker a bad name, General Motors is not looking to dig itself out of an environmental pollution case. According to Automotive News, the GM bankruptcy estate has proposed a $773 million trust to deal with environmental claims that extend across 14 states. The trust Read on! →

Despite the objections of Congress, General Motors gone through with its plan to close 500 dealerships, reports Automotive News. These dealerships had been marked for possible termination once the GM bankruptcy hearings began. Republican and Democratic House members such as John Boehner and Sherrod Brown of Ohio had asked for a stay of termination until Read on! →

The North American automotive industry is experiencing a turnaround, and General Motors is no exception. Reuters reports that GM recorded $2 billion in profits for the third-quarter, with an earnings per share increase of $1.20. This turn of success has spurred the recently bankrupt automaker toward an initial public offering of stock by next week. Read on! →

Motors Liquidation Co., the company that took over General Motors (“Old GM’s”) bad assets when it went into bankruptcy in 2009, has reached a civil settlement Monday with the federal government regarding the embattled automaker’s environmental liabilities. Reuters reports that the U.S. government will receive $51 million in compensation for 34 GM plants known to Read on! →