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1 Jul 2009, 1:54 pm
Weisbrod called on American consumers to tell GM they "will not stand for leaving hundreds of injured families behind in the GM bankruptcy process… will not buy their cars until these families are protected, [and] will not stop speaking up until GM takes full responsibility for injuries caused by all GM cars. [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]
30 Jun 2009, 1:46 pm
The Am Law Daily dodged union protesters, braved huge lines, and suffered through court delays caused by sound system problems to get a firsthand look at the General Motors sales hearings. [read post]
30 Jun 2009, 8:05 am
According to the Wall Street Journal (click here), General Motors has agreed to expand its liability for car-accident victims who suffered injuries after the auto maker filed for bankruptcy protection June 1. [read post]
30 Jun 2009, 4:30 am
On the other hand, this bit of news shows the conumser concerns are shared by others: PA Joins 36 States With Objections in GM Bankruptcy CaseCorbett noted that the Attorneys General who joined in this filing do not necessarily oppose the planned sale of General Motors, but they have expressed concern that the current agreement is unclear or ambiguous about many important consumer issues, including: · Lemon Law claims and warranty issues… [read post]
29 Jun 2009, 3:05 pm
by Paul Levy General Motors' retreat from its effort to use bankruptcy proceedings to shed tort liability represents a great victory for consumers. [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, 12:57 pm
With a large contribution from General Motors (GM) comprised of approximately $2 billion in cash and a $500 million loan, Delphi projects to be profitable within 12-18 months of emergency from Chapter 11 bankruptcy. [read post]
29 Jun 2009, 12:46 pm
I can just see the new slogan at General Motors -- GM: You Can Watch The Savings! [read post]
29 Jun 2009, 8:56 am
According to the New York Times (click here), General Motors and the Obama administration have reached a deal whereby GM will assume responsibility for product liability claims involving its vehicles after the auto maker emerges from bankruptcy. [read post]
29 Jun 2009, 8:39 am
As a result of the recent bankruptcy of General Motors Corp., many of the pending and future claims involving GM products stood to be wiped out, leaving the victims with no recourse against the manufacturer. [read post]
29 Jun 2009, 7:03 am
The AP reported General Motors "has agreed to take on responsibility for future product liability claims, removing what could have been a sizable roadblock" on the company's way to a "quick sale of its assets" and emergence from bankruptcy. [read post]
29 Jun 2009, 5:20 am
As the New York Times reports, General Motors will retain liability for unfiled products liability claims as part of its bankruptcy. [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]
28 Jun 2009, 6:38 am
As the New York Times story puts it: "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, according to documents filed in bankruptcy court late Friday. [read post]
26 Jun 2009, 11:35 am
Treasury Department is negotiating with more than a dozen state attorneys general to roll back two key features of General Motors Corp. [read post]
26 Jun 2009, 11:32 am
In fact, by 2003, profitability for the auto industry as a whole was concentrated almost entirely in the lending arms of the major manufacturers, creating an incentive cycle that required complicity between dealers and the captive lenders to provide operating capital for the manufacturing side of giants like Ford and General Motors. [read post]
26 Jun 2009, 3:40 am
[JURIST] A federal bankruptcy judge on Thursday approved [press release] a motion [text, PDF] to allow General Motors (GM) [corporate website] to borrow $33.3 billion in debtor in possession financing from the US and Canadian governments to finance a new company. [read post]
25 Jun 2009, 5:18 pm
The General Motors-Chrysler bankruptcy has caused much anxiety among consumers because it seeks to throw out auto product liability and personal injury lawsuits against them. [read post]
25 Jun 2009, 3:05 pm
The General Motors bankruptcy case is flying through Judge Robert Gerber's courtroom in Lower Manhattan. [read post]
