Detroit

GM buyout offers falls 7,500 workers short of its target

General Motors

As many as 6000 hourly blue-collar workers at General Motors have accepted buyouts and early retirement offers and left the firm.

Nevertheless, Detroit-based GM may have to hack more hourly jobs as its buyouts and early retirement offers fell around 7,500 workers short of its target.

Chrysler Reverses Its Plan To Sell Viper Business

Chrysler

In an astonishing move, Chrysler Group LLC has announced that it would not sell off its V-10 powered Dodge Viper sports car business and would carry on manufacturing and selling Dodge Vipers.

Earlier in August 2008, Chrysler, the producer of Viper, a high-priced limited production performance car, had put the Viper business up for sale.

“New GM” set for exiting bankruptcy protection

“New GM” set for exiting bankruptcy protection

The 'new' General Motors (GM) appears to be well on its way to an expectantly profitable future, with the GM attorneys having completed all the requisite paperwork - sanctioning the transfer of cash, technology, real estate, and other GM property - for formally steering the automaker out of bankruptcy protection on Friday.

GM accepts product liability to seek court approval for a speedy sale from bankruptcy

General Motors

Resolving one of the contentious issues that could have overturned the quick restructuring plans of General Motors Corp, a deal between the Detroit-based carmaker and the Obama administration entai

Detroit Councilwoman, Monica Conyers, pleads guilty to bribery conspiracy charge

Detroit Councilwoman, Monica Conyers, pleads guilty to bribery conspiracy charge

Bringing to an end a year-long conjecturing about her role in the Synagro sludge contract scandal, Detroit City Councilwoman Monica Conyers quietly pleaded guilty to a bribery conspiracy charge, during a short hearing in US District Court on Friday.

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