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2011 Saab PhoeniX Concept

Could Saab Be Bankrupt Within 5 Days? Antonov Thinks So

Vladimiar Antonov, the Russian banker and businessman whose involvement in Spyker caused a delay in the sale of Saab from GM while investigations into rumored mafia ties were held, has said in an interview with Sweden's Dagens Industri that Saab could be bankrupt in as little as five days. Antonov... read more

March 11, 2011 by 
 
GM Detroit headquarters

GM gets 5 new board members appointed by U.S., Canadian governments

General Motors' recent bankruptcy proceedings have seen the company transformed as it leaves behind failing assets, and according to the company these changes have also been... read more July 25, 2009 by 


 
Meet the new GM...not quite the same as the old GM

There's a new carmaker in town, and its name is...General Motors

Lighter, smaller, quicker and more responsive to customer needs - that's how the new General Motors Company is comparing itself to the now-defunct General Motors Corporation... read more July 10, 2009 by 


 
GM Detroit headquarters

Bankruptcy court approves GM asset sale

General Motors is one step closer to emerging from bankruptcy, with a judge on Sunday approving an asset sale to allow the most profitable assets to exit bankruptcy... read more July 6, 2009 by 


 
Karmann Ghia coupe

Karmann shuts its doors as last convertible rolls off the line

Last year a spate of bankruptcy threats and possible acquisitions or closures hit the coachbuilding industry, but today Karmann, perhaps most famous for the Karmann Ghia... read more June 23, 2009 by 


 
GM Detroit headquarters

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... read more June 19, 2009 by 


 
Bill Ford, Jr.

Ford: Government loans to Chrysler, GM saved the industry

It's easy to look at the bailouts and bankruptcies of General Motors and Chrysler as a big-government bonanza. Some even see tints of socialism in the loans and subsequent... read more June 15, 2009 by 


 
Sergio Marchionne, CEO of Fiat

Marchionne says Fiat will stick with Chrysler deal despite delay

Although Fiat's purchase of Chrysler seemed almost a done deal last week, today the U.S. Supreme Court has issued an indefinite stay on the sale until it can decide whether... read more June 9, 2009 by 


 
Meet the new GM...not quite the same as the old GM

Ed Whitacre to be named chairman of New GM

A bit over a week into GM's bankruptcy and we're starting to see announcements that mirror those made by Chrysler about a month ago. Today's is the naming of the... read more June 9, 2009 by 


 
U.S. Capitol Hill

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... read more June 9, 2009 by 


 
Rick Wagoner Alan Mulally George Bush

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... read more June 4, 2009 by 


 
Meet the new GM...not quite the same as the old GM

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... read more June 2, 2009 by 


 
GM American flag

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... read more June 1, 2009 by 


 
GM Detroit headquarters

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... read more June 1, 2009 by 


 
Meet the new GM...not quite the same as the old GM

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%... read more May 28, 2009 by 


 
GM Warren Tech Center

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... read more May 28, 2009 by 


 
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