US: GM exits bankruptcy with new focus on customer
The new General Motors Company on Friday began operations free of bankruptcy protection with a new corporate structure, a stronger…
'New GM' exits Chapter 11
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THE WEEK THAT WAS: ‘Government Motors’ sets sail
Well, with the US treasury holding 60.8%, it is 'government motors', despite today's announcement of a renewed customer-centric focus. With…
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US: Judge OKs GM split into old and new
Let the dismembering begin! Bankrupt General Motors last night passed another milestone on the road to restructuring when when judge…
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USA: New investors consider Delphi stake
Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt Delphi Corp, according to Reuters…
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GERMANY/RUSSIA: BAIC ‘planning Opel bid’
Reports suggest that Beijing Automotive Industry Holding Co (BAIC) may make a bid for Opel/Vauxhall. The firm – seen as…
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US: GM adds golf course and parking lot to plant sale
As General Motors starts to sell off some best assets under its restructuring plan to a streamlined new entity, its…
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US: GM begins 72-hour, six-day sale
While CEO Fritz Henderson was in bankruptcy court on Tuesday pleading for approval of an asset sale to a 'new GM'…
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US: Court sale approval needed or GM dies – CEO
General Motors' chief executive Fritz Henderson has told a US bankruptcy court the sale of GM's main assets to a…