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27 Jul 2009, 1:22 pm
The same article reports that Delphi's board met this afternoon and was expected to approve the pact, which would supplant the agreement between Delphi, GM and Platinum Equity.The full article can be found here.Research for this article performed using the netDockets Precedent Research System for Corporate BankruptcyRelated articles by ZemantaGM to help investment firm buy Delphi (money.cnn.com)Federal Guarantor Takes Over Delphi Pension (nytimes.com)DealBook: Delphi Strikes Pact With Lenders,… [read post]
23 Jul 2009, 5:13 pm
General Motors filled out its new board and announced a wave of management changes, including the retirements of longtime executives and the elimination of some vice president jobs. [read post]
23 Jul 2009, 6:30 am
General Motors says its talks over Opel's rescue will focus on the consortium of auto parts maker Magna International and Sberbank, as well as RHJ International, The Associated Press reported, while talks with Beijing Automotive Industry Corp. have ceased. [read post]
14 Jul 2009, 2:57 pm
Securities regulators on Tuesday issued an official warning that shares once associated with General Motors are likely to be worthless, amid continued confusion from some investors about which company the stock represents. [read post]
13 Jul 2009, 2:08 pm
The G.M. agreement was prompted by G.M.'s fear that litigation over this issue may delay its emergence from bankruptcy. [read post]
10 Jul 2009, 11:37 am
Shares in the old General Motors -- now known as the Motors Liquidation Company -- traded up nearly 40 percent on Friday, despite repeated warnings that they will almost certainly be worth nothing. [read post]
9 Jul 2009, 11:38 am
General Motors plans to close on the sale of its best assets to a new, government-backed carmaker Friday morning, after objectors failed to block the proposal in court. [read post]
7 Jul 2009, 2:38 am
A new G.M. will get the remaining $20 billion in government financing over the rest of this year and could be ready to launch an I.P.O. in early 2010, a senior U.S. official said. [read post]
6 Jul 2009, 9:41 am
Further cuts will most likely be made and 40 percent of G.M.'s 6,000 dealers will be closed. [read post]
6 Jul 2009, 5:43 am
Smaller Law Firms Get More Big Company Work, Survey Finds ~ ABA Journal Lawyers set to square off over Michael Jackson estate ~ Reuters Court Ruling Clears Path for G.M. to Restructure ~ The New York Times Carbon ring storage promises 1,000 times higher memory density ~ Engadget [read post]
6 Jul 2009, 12:06 am
So reports The New York Times:A federal judge approved a plan by General Motors late on Sunday to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.I suppose being GM does get a judge to work on a holiday weekend (some holiday) and work he did:In his 95-page opinion, Judge Gerber wrote that he agreed with G.M.'s main contention: that the asset sale was needed to preserve its business… [read post]
5 Jul 2009, 9:58 pm
New York Times DealBook: "A federal judge late on Sunday approved a plan by General Motors to sell its best... [read post]
3 Jul 2009, 6:48 pm
Auto deals leave victims without day in court, 9News.com, June 24, 2009 G.M. to Maintain Legal Liability for Claims, New York Times, June 27, 2009 Related Web Resources: Chapter 11 Bankruptcy, US Courts [read post]
1 Jul 2009, 4:03 pm
After several days of high-volume trading of General Motors shares, the automaker warned traders that its stock would have no value when the automaker emerges from bankruptcy. [read post]
1 Jul 2009, 8:18 am
DealBook's Michael J. de la Merced reports live from day two of the General Motors hearing to win approval of its asset sale to a new government-backed company. [read post]
29 Jun 2009, 2:37 pm
General Motors said Monday that it was pulling out of its joint venture with Toyota, a longstanding partnership between two of the auto industry's biggest rivals that exposed G.M. to more efficient Japanese manufacturing techniques and produced Toyota's first American-made vehicles. [read post]
29 Jun 2009, 7:01 am
G.M. [read post]
29 Jun 2009, 5:20 am
A hearing on G.M.'s bankruptcy plan is scheduled for tomorrow... [read post]
28 Jun 2009, 12:17 pm
General Motors and the Obama administration have reached a deal for the carmaker to assume responsibility for product liability claims filed after it emerges from bankruptcy as a new company, even those claims involving vehicles made by the old company. [read post]
25 Jun 2009, 9:24 am
General Motors won swift final approval of its $33 billion in bankruptcy financing, in yet another sign of how quickly the carmaker's trip through Chapter 11 is moving. [read post]
