Ed Whitacre Named CEO at General Motors

General Motors Chairman and interim CEO Ed Whitacre is dropping the interim from his title as the automaker's CEO.

GM's Opel to Shut Plant, Slash Europe Jobs

General Motors has announced it will close the Opel plant in Antwerp, Belgium. Opel's president said Thursday the shutdown is part of a company plan to shed 8,300 jobs in Europe.

End of the Road: GM to Discontinue Saab

General Motors will shut down Saab after talks to sell the brand to a Dutch carmaker collapsed, marking the third time this year that a deal by GM to sell an unwanted brand has fallen through.

GM CEO Henderson Resigns

General Motors' CEO Frederick "Fritz" Henderson has resigned after eight turbulent months as head of the largest U.S. automaker.

Opel; Smuckers; Dell

General Motors says it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December.

Money Minute: GM Readies Government Repayment

General Motors reports improving fortunes, volatile retail sales and UPS says holiday-season business is up from last year.

Money Minute: Opel, Interest Rates, Merck

General Motors has decided not to sell its European Opel division after all.

Money Minute: Hummer Brand Sold

GM unloads the Hummer auto brand, the nation's trade gap slips and Marge Simpson becomes a cover model.

G.M. Suspends Dividend and Plans More Layoffs

By NICK BUNKLEY and BILL VLASIC

DETROIT — General Motors said Tuesday that it would reduce labor costs for salaried workers by 20 percent, eliminate its quarterly dividend and further reduce truck production to ensure that it has enough cash to finance its turnaround for at least two more years.

The moves are expected to raise about $15 billion by the end of 2009, the chief executive Rick Wagoner said in an address to employees.

G.M. Suspends Dividend and Plans More Layoffs....