bankruptcy
GM sees possibility for early exit from Chapter 11
Much talk over the messiness of so-called 'surgical' bankruptcies has spun about the web, and before Chrysler and General Motors went into the process, there was a lot of doubt that they'd be out within the planned 60 days. But Chrysler is already working with Fiat and now GM sees itself possibly...
Republicans and Democrats blame each other for GM collapse
The collapse of General Motors has seen some of the most divergent views on both politics and the automotive industry appear in recent times, and even though the collapse of... June 9, 2009 by Ralph Hanson
Dick Cheney: Bush didn’t want to be the one to ”pull the plug” on GM
Earlier this week General Motors formerly announced that it had filed for chapter 11 bankruptcy but the truth of the matter is that the struggling automaker’s downfall... June 4, 2009 by James Martinez
GM appoints Detroit turnaround expert Al Koch to oversee bad assets
In times of trouble, companies need a solid leader to help turn their fortunes around. You only need to look at what Fiat has achieved in the past few years with Sergio... June 2, 2009 by James Martinez
Official: GM files for Chapter 11 bankruptcy
General Motors today announced that it has filed for Chapter 11 bankruptcy following an agreement reached with the U.S. Treasury and the governments of Canada and Ontario to... June 1, 2009 by Ralph Hanson
U.S. government pledges $30 billion in GM bankruptcy financing
It's been expected for a long time but it finally appears as though General Motors’ bankruptcy is upon us, and with it the federal government is set to bring the... June 1, 2009 by Nelson Ireson
GM bondholders agree to take 25% of new company, U.S. Treasury gets 72.5% ownership
As General Motors prepares for a bankruptcy announcement on June 1, the U.S. Treasury is helping to pave the way by releasing a new deal that leaves GM's bondholders with 25%... May 28, 2009 by Nelson Ireson
Warren encouraging GM to move corporate HQ with tax breaks
Detroit has long been the heart of America's automotive industry, but 2009 has been a major period of upheaval for the city, with further shocks expected to come - including... May 28, 2009 by Alex Kaufmann
GM and UAW reach tentative deal
The U.S. Treasury, General Motors and the United Auto Workers have reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the... May 21, 2009 by Ralph Hanson
GM to close 42% of Canadian dealer network
The symptoms of America's ailing carmakers don't recognize borders, and no nation is more keenly aware of that fact than Canada. That's doubly true after today's announcement... May 20, 2009 by Nelson Ireson
Report: Chrysler to offer $1,000 certificates to all existing customers
As bankruptcy thrashes Chrysler vehicles' resale value the company is pulling out all the stops to keep sales up until it can emerge and join forces with Fiat. To help get... May 15, 2009 by Ralph Hanson
Chrysler resale values down 6% in a week as uncertainty rules the day
It's simple math: carmaker plus bankruptcy equals uncertainty and lower resale values. But Chrysler owners are feeling the bite of that equation as the value of their... May 11, 2009 by Ralph Hanson
Dodge Avenger, Chrysler Sebring safe from the axe through 2010
As Chrysler pushes forward during its bankruptcy period and prepares for its new face and alliance with Fiat, many are wondering what will come along for the ride and what... May 6, 2009 by Kenneth Hall
Ford's image improves by staying above the fray, says study
It wasn't so long ago that people were deriding Ford for mortgaging the Blue Oval itself, key investors were dumping shares into the open market and the company was forced to... May 4, 2009 by Nelson Ireson
Obama's task force orders GM to convert all of its debt to equity
The U.S. government may soon become a substantial shareholder in General Motors if a new plan to convert all of GM's debt to equity goes forward. On Friday, President Obama's... April 20, 2009 by Nelson Ireson
Bondholders consider increased debt-for-equity-swap as GM bankruptcy looms
GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in... April 15, 2009 by Ralph Hanson
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