CNBC's Jim Cramer: "What's Good For GM Is Still Good For America"

The red rubber bull-biting bald man by the name of Jim Cramer had a mouthful to say about the Motor City today — making clear his belief that if Motown gets showed D.C.'s checkbook, then we've seen the lows of this financial downturn. I tend to agree. Right now, according to Cramer, the issue isn't anymore whether you… »11/14/08 6:45pm11/14/08 6:45pm

GM-Chrysler Merger Talks Suspended, Hummer And AC Delco Still For Sale

All the buzz over a potential Chrysler and GM merger »11/07/08 12:30pm11/07/08 12:30pm may be for naught as GM announced today that they've suspended talks in order to refocus on their business. Though GM claims it would have liked to try the merger, the lack of government help (seeing a trend here?) means it isn't possible at this time. Instead, GM…

GM Declares Bankruptcy Imminent After $4.2 Billion Third Quarter Loss

GM today announced a third-quarter loss of $4.2 billion (adjusted, $2.5 billion reported) on revenues of $37 billion while spending $6.9 billion of their lifeblood-like cash on hand. Although initially we thought the big news here was a cash spend of $2.3 billion per month, compared to around $1.1 billion a month in… »11/07/08 11:40am11/07/08 11:40am

GM Will Go Bankrupt: Why That May Actually Be Good For The General

I'm not the first person to say it. After yesterday's 31% drop in the price per share »10/10/08 8:30am10/10/08 8:30am, news outlets talking to the right people this morning are already saying it, albeit fecklessly, like thus: "Will GM declare bankruptcy?" All I'm doing is removing the question mark. The pundits saying "" are completely ignorant of…