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27 May 2009, 1:48 pm
After eight decades as one of the Continent's biggest automakers, a hobbled General Motors prepared Wednesday to bid farewell to Opel and the rest of its operations in Europe. [read post]
27 May 2009, 12:00 pm
Just 17% give General Motors the edge, and only five percent (5%) say Chrysler is the company most likely to survive and profit. [read post]
27 May 2009, 10:25 am
Clearly, most of General Motors' bondholders are willing to take their chances in bankruptcy court. [read post]
27 May 2009, 1:17 am
GM has received $19.4 billion in federal loans. [read post]
26 May 2009, 11:08 am
The government will hold a vast share of a restructured General Motors after it emerges from bankruptcy protection and provide G.M. with about $50 billion in financing so that it can reorganize, people with direct knowledge of the situation said Tuesday. [read post]
26 May 2009, 10:41 am
From the ABA Journal today: Lawyers Joke that GM Bankruptcy Will Deplete Experienced Bar By Debra Cassens Weiss A General Motors bankruptcy would require so many restructuring specialists that lawyers joke there wouldn't be enough to go around. [read post]
26 May 2009, 6:11 am
Corp Fin Grants General Motors Relief for Debt Exchange Offers Last week, Corp Fin granted General Motors exemptive relief so that GM can move fast and exchange its debt. [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, 10:17 am
The ailing car maker, General Motors, has had severe financial problems recently and now nearly 1.5 million cars are being recalled on fears of engine fires, and potentially serious injuries. [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]
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]
14 May 2009, 6:42 pm
General Motors says it will release its list of GM dealers who'll be chopped and reports are the numbers are only going to be bigger.Burdge Law Office[www.newcarlemonlaw.com]Helping consumers get rid of lemons since 1978.Subscribe in a reader [read post]