General Motors, once colossus of US capitalism, could become government-owned company

DETROIT — General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the automaker’s plan to slash jobs, close plants and eliminate the legendary Pontiac brand.

GM getting another $2B in federal loans; Chrysler works to stay out of bankruptcy courts

WASHINGTON — General Motors is getting another $2 billion in federal loans, while Chrysler is trying to work out a deal to keep it out of bankruptcy courts.

US Treasury says General Motors has been given an additional $2 billion in federal loans

WASHINGTON — Taxpayers invested another $2 billion in General Motors Corp. this week as the struggling auto giant continued efforts to restructure and avoid bankruptcy court.