'New GM' exits Chapter 11
The new General Motors Company on Friday began operations free of bankruptcy protection with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the centre of everything it does, president and CEO Fritz Henderson announced in Detroit this afternoon (BST). That includes a new eBay marketing deal and the 'unretirement' of 'product czar' Bob Lutz to head both product design and customer relationships. GM is also ending its regional operating structure.
US: GM exits bankruptcy with new focus on customer
10 July 2009
The new General Motors Company on Friday began operations free of bankruptcy protection with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the centre of everything it does, president and CEO Fritz Henderson announced in Detroit this afternoon (BST). That includes a new eBay marketing deal and the 'unretirement' of 'product czar' Bob Lutz to head both product design and customer relationships. GM is also ending its regional operating structure.
THE WEEK THAT WAS: 'Government Motors' sets sail
10 July 2009
Well, with the US treasury holding 60.8%, it is 'government motors', despite today's announcement of a renewed customer-centric focus. With the beady eyes of shareholders on quarterly results replaced by those of the Obama administration, the 'new GM' had better perform as there will be no second chance.
US: Judge OKs GM split into old and new
6 July 2009
Let the dismembering begin! Bankrupt General Motors last night passed another milestone on the road to restructuring when when judge Robert Gerber in a New York bankruptcy court approved the sale of substantially all of (old) General Motors Corporation’s assets to NGMCO, Inc, an entity funded by the US Department of the Treasury.
USA: New investors consider Delphi stake
3 July 2009
Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt Delphi Corp, according to Reuters citing two people with knowledge of the matter.
GERMANY/RUSSIA: BAIC 'planning Opel bid'
2 July 2009
Reports suggest that Beijing Automotive Industry Holding Co (BAIC) may make a bid for Opel/Vauxhall.
US: GM adds golf course and parking lot to plant sale
2 July 2009
As General Motors starts to sell off some best assets under its restructuring plan to a streamlined new entity, its worst assets, including a highly toxic foundry and a nine-hole golf course, are also going to auction.
US: GM begins 72-hour, six-day sale
1 July 2009
While CEO Fritz Henderson was in bankruptcy court on Tuesday pleading for approval of an asset sale to a 'new GM' company to save the bankrupt automaker, his marketing staff were rolling out new limited-time offers to lure US new car buyers.
US: Court sale approval needed or GM dies - CEO
1 July 2009
General Motors' chief executive Fritz Henderson has told a US bankruptcy court the sale of GM's main assets to a government-backed 'new GM' must win its approval for the automaker to survive.
'Chevrolet Group'
17 June 2009
Is the pending creation of a 'New GM' via a spell in Chapter 11 also a good point at which to consider some corporate re-branding? Yes.
It could be a way to jettison some of the negative ba...
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'New GM' exits Chapter 11
