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General Motors says it's pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments, dismaying officials concerned over job losses.

Officials are expected to testify today before House subcommittee members

General Motors announced Friday that it plans to recall nearly 474,000 of its Chevrolet, Pontiac and Saturn vehicles due to a serious issue that could result in the car rolling freely while in the park position.

Reports are saying that General Motors has asked that the government sell its stake in the company.  But the Treasury Department has said that they don't want to sell and their reasoning, reportedly, is that they would have to post a multibillion dollar loss in an election year...

The safety of police cruisers all across the United States and Canada are now in question, as General Motors announced that it is recalling more than 38,000 Chevrolet Impala police vehicles because of suspension issues in the front end that could lead to an a accident.

The Dow Jones Industrial Average pushed back into positive territory in the last 30 minutes of trade, to close 28 points higher to 12,980. Mark Lasseigne has your stock market report in today's Acadiana Business Index.

(Photo By: Bill Pugliano/ Getty Images)A Louisiana car expect weighs in on General Motors' financial success last year. GM recorded its highest profit ever in 2011 at $7.6 billion, just two years after nearly collapsing into financial ruin. Bob Isreal, executive director of the Louisiana Automobile Dealers Association, says the high profit is due in large part to the fact that GM started producing

Wall Street ends with gains before the unofficial kickoff of earnings reporting season. Mark Lasseigne has today's stock market report on the Acadiana Business Index.     The Dow Jones Industrial Average added 33 points to 12,393 ... Read More ...

About 900 workers at General Motors' Shreveport assembly plant return to work today, after a work stoppage related to the earthquake disaster in Japan.

General Motors is temporarily closing its pickup truck plant in Louisiana because of the tragedy in Japan.

Regulators say contaminated soil has been cleaned up at a former General Motors plant where headlights were built.