Buick Regal

GM Withdraws $14 Billion Federal Loan Application

Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.

GM's Four Core Brands See a 25% Jump in July

Monthly sales at Buick, Cadillac, Chevrolet and GMC rose smartly compared with a year ago, when GM was just exiting bankruptcy. The company's new sales VP says "from our standpoint we actually see a low risk" of a double-dip recession.