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Kimberly S. Johnson

<B>Fritz Henderson</B> takes the reins of General Motors after Rick Wagoner's resignation.

GM bankruptcy risk rises, says new CEO

May 7, 2016 at 1:06 a.m.

GM bankruptcy risk rises, says new CEO

This General Motors handout photo received on March 30, 2009 shows Fritz Henderson as he talks with reporters during the North American International Auto Show at Cobo Center in Detroit on January 4, 2004. The White House March 30, gave struggling US automaker General Motors 60 days to present a new cost-cutting plan to qualify for more government loans. After a lengthy review of GM's restructuring plan, the US will continue to provide assistance to the company during the time it takes to come up with a new plan, the administration said in a report. GM chief Rick Wagoner was also ousted from the company's driving seat with president and chief operating officer Fritz Henderson set to take over. "In this context, the administration will provide GM with working capital for 60 days to develop a more aggressive restructuring plan and a credible strategy to implement such a plan," it added. AFP PHOTO/GENERAL MOTORS/HANDOUT/RESTRICTED TO EDITORIAL USE/=GETTY OUT=

New GM CEO says bankruptcy still an option

May 7, 2016 at 12:21 a.m.

New GM CEO says bankruptcy still an option

Liz Nelson says her 1996 Acura Integra "sounds like it's dying," but the public-relations account executive from Santa Clara, Calif., is holding on to it.

Economy keeps old wheels in the driveway longer

May 6, 2016 at 11:35 p.m.

Economy keeps old wheels in the driveway longer

Employees depart a GM plant after work Thursday in Warren, Mich. GM said 7,500 workers accepted deals to leave their jobs.

7,500 opt for GM buyout, retirement

May 7, 2016 at 12:57 a.m.

7,500 opt for GM buyout, retirement

Vehicle deals are waiting for buyers to notice at a dealership in Novato, Calif.

Rethink cost of new vs. used

May 6, 2016 at 10:30 p.m.

Rethink cost of new vs. used

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UAW’s Ford contract voting may end today

March 8, 2009 at 5:11 p.m.

UAW's Ford contract voting may end today

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Ford aims to cut $10 billion in debt

March 4, 2009 at 1:45 p.m.

Ford aims to cut $10 billion in debt

GM says it can't break even until annual U.S. sales reach 11.5 million to 12 million.

GM’s viability in doubt; ’08 loss $30.9 billion

May 6, 2016 at 11:26 p.m.

GM's viability in doubt; '08 loss $30.9 billion

Rows of 2009 Ford F-150 trucks sit in a Detroit lot in November before being sent to dealers.

Chrysler sales dive 55 percent

May 6, 2016 at 11:52 p.m.

Chrysler sales dive 55 percent

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$14.6 billion annual loss a Ford record

January 29, 2009 at 4:35 p.m.

$14.6 billion annual loss a Ford record