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26 May 2009, 4:54 am
On Monday, members of the Canadian Auto Workers union overwhelmingly approved another cost-cutting agreement with G.M. [read post]
25 May 2009, 9:42 pm
...to handle an expected General Motors bankruptcy:How many lawyers will end up working on G.M.'s expected bankruptcy case still is not clear, but in legal circles, the joke is that there may not be enough experienced bankruptcy lawyers available to handle the filing.In part, that is because so many top lawyers are already running up lots of billable hours working on the Chrysler bankruptcy case, while others have been hired by the… [read post]
22 May 2009, 3:39 pm
Contrary to popular belief, the United Auto Workers union will likely get "substantially less" than 39 percent of General Motors as part of a deal between the two parties, a person briefed on the matter told DealBook. [read post]
22 May 2009, 3:19 pm
General Motors, facing the almost certain prospect of a bankruptcy filing, said Friday it drew another $4 billion from the Treasury Department, raising the total it has received from the government to $19.4 billion. [read post]
22 May 2009, 11:26 am
Twenty House lawmakers sent a letter to Treasury Secretary Timothy Geithner on Friday, arguing that the Obama administration is unfairly favoring General Motors' workers over its bondholders. [read post]
22 May 2009, 5:03 am
The long weekend will be anything but a holiday for General Motors, the giant automaker racing to stay out of bankruptcy protection. [read post]
21 May 2009, 9:58 am
The United Automobile Workers union said Thursday that it had reached a tentative deal with General Motors and the Treasury Department that would help G.M. cut its labor costs and reduce its obligations to a new retiree health care fund by billions of dollars. [read post]
20 May 2009, 3:50 pm
Three top executives of General Motors have sold more than 200,000 shares of the automaker just days ahead of a government-imposed restructuring deadline. [read post]
20 May 2009, 6:46 am
General Motors expects at least three bids for its European business by the close of business Wednesday, a spokesman for G.M. [read post]
19 May 2009, 5:17 pm
With a week remaining before the expiration of a tender offer to its bondholders, General Motors said Tuesday that it did not expect to reach an agreement with the United Automobile Workers and others before bondholders decide. [read post]
18 May 2009, 8:44 am
The United Automobile Workers union told its members late Sunday that it expects talks with General Motors to intensify this week and urged them to protest some aspects of G.M.'s restructuring plan. [read post]
16 May 2009, 4:46 am
G.M. [read post]
15 May 2009, 6:23 am
About 1,100 G.M. dealers, making up 18 percent of the company's vast dealer network, were expected to receive letters Friday informing them that the crippled automaker does not plan to renew their contracts set to expire in October 2010, according to various news reports citing people familiar with the plans. [read post]
15 May 2009, 3:26 am
General Motors on Thursday said that if it files for bankruptcy it would most likely pursue a quick sale of its best assets out of court protection similar to the process now reshaping Chrysler. [read post]
12 May 2009, 8:48 am
General Motors' stock plunged more than 22 percent to a 76-year low on Tuesday, a day after a group of G.M. executives disclosed they had sold shares in the struggling automaker. [read post]
11 May 2009, 1:24 pm
General Motors bondholders argued after the company's conference call on Monday that they shouldn't be blamed if the carmaker files for bankruptcy, since they have professed to making efforts to compromise. [read post]
11 May 2009, 9:09 am
General Motors does not plan to sweeten its debt exchange offer to bondholders, even though its failure would probably push the company into bankruptcy, G.M.'s chief executive said Monday. [read post]
10 May 2009, 8:08 pm
EXPERTS SAY G.M. bankruptcy almost inevitable. [read post]
8 May 2009, 4:56 am
The automaker's first-quarter earnings released Thursday showed that G.M. was losing more money and sales than it was in late December, when the government began its bailout, The New York Times's Bill Vlasic and Nick Bunkley reported. [read post]
8 May 2009, 4:34 am
The union signed an agreement in March that reduced G.M.'s Canadian labor costs by an estimated 7 Canadian dollars an hour ($5.96). [read post]
