US: Further necessary sacrifices ahead – Obama
Speaking at a White House press conference, President Obama laid out the rationale behind GM's Chapter 11 bankruptcy protection filing.…
GM files for Chapter 11 bankruptcy
-
-
US: GM’s ‘New GM’ statement in full
Given the importance of GM's announcement today, we are also reproducing the full text of GM's press statement: GM ANNOUNCES…
-
US [updated 13:20BST]: GM files for bankruptcy
General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership. The filing is the third-largest…
-
US: Government plans GM Ch11 PR offensive
The Obama administration has estimated that a General Motors bankruptcy would take at least 60 to 90 days and perhaps…
-
CANADA: GM to reduce NA supplier count
General Motors aims to reduce the number of North American parts suppliers from about 1,500 to around 1,100 in the…
-
US: Bondholders’ rejection will bankrupt GM
A General Motors bankruptcy – the largest ever in US industrial history – now appears inevitable after the automaker failed…
-
US: GM Chapter 11 would be quick like Chrysler’s
General Motors is likely to follow Chrysler and make a quick sale of its best assets to a new operating…
-
GOLDING’S TALK: Lawyers may yet prove that GM is not dead but merely resting
Chapter 11 is this lovely legal device which allows American companies that are dead to pretend that they are not.…
-
ANALYSIS: GM bankruptcy: brinkmanship, or smart minds at work?
The Obama team appears to be moving GM toward a quick, ‘surgical,’ pre-packaged bankruptcy, but parts of Wall Street remain…