Each year, 24/7 Wall St. compiles a list of 10 brands that it predicts will disappear in the near-term. The list of those fated to vanish in 2011 proved to be fairly prescient.
Sunday was the end of the road for General Motors' Pontiac. While the brand struggled in its later years, the success of its iconic muscle cars during its heyday will remain etched in the annals of American automotive history.
Autoworkers laid off from a General Motors plant in Orion Township, Mich., have until the end of the day Tuesday to decide whether to take jobs at the automaker's Lordstown assembly plant, some 250 miles away in neighboring Ohio.
Kraft Foods boosted its offer for British candy maker Cadbury following Monday's announced $3.7 billion sale of Kraft's pizza business to Nestle. But it remains to be seen whether Cadbury will bite on the sweetened offer. Read more to see how this and other news could affect stocks today.
GM plans to sell Pontiacs and Saturns -- its discontinued brands -- at huge discounts through the end of the year. The move could hasten the company's restructuring but cost it a lot of money.
Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn their businesses around, both companies still have a long way to go to convince consumers their products are worthy of consideration.
Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.
After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday. Spyker says that it has removed the obstacles that ended negotiations previously.