GM bankruptcy: Posts

GM to Begin Repayment of Government Loans Ahead of Schedule
November 16, 2009 4:00:00 PM
GM will also begin repaying loans to the government of Canada and the province of Ontario. GM hopes to clear up about half of its government debts before a public offering sometime after the middle of...

8

GM European CEO Resigns After Opel Reversal - Bob Lutz to fill in?
November 9, 2009 8:20:44 PM
While details are limited, it appears Forster and GM management clashed over the much-mangled deal to sell Opel to a joint-venture lead by Magna International.

14

GM Board Decides to Keep Opel
November 4, 2009 3:58:52 PM
In a surprise move, GM's board of directors has decided to keep Opel. While details are scarce, the board believes Opel and Vauxhall are vital to the success of General Motors.

9

GM considers keeping Opel - needs to raise $4.3 billion
August 25, 2009 2:45:01 PM
General Motors would need to raise US$4.3 billion if it decided to keep Opel, a report claims. This option is being considered along with bids from companies like Magna.

0

GM to review final bids for Opel today - German gov puts €4.5 billion behind Magna
August 21, 2009 1:58:41 PM
GM under pressure from German government to sell Opel to Canadian/Austrian auto parts maker Magna International Inc.

9

GM says goodbye to 54 sponsorship contracts
July 14, 2009 3:17:58 PM
In a bid to cut a tremendous amount of costs, GM has won approval to cut over 50 corporate sponsorship contracts. What iconic displays will disappear?

14

GM re-emerges from bankruptcy as General Motors Co.
July 13, 2009 3:32:47 PM
New GM is now majority owned by the U.S. government. Automaker has shed most of its debt and trimmed its cost to a competitive level. But it still must deliver desirable products to the marketplace.

18

GM resurrection today
July 10, 2009 1:32:00 PM
New GM will emerge from bankruptcy today a smaller company with fewer brands and owned by the US government.

2

Crucial GM asset sale approved by judge
July 6, 2009 2:48:47 PM
GM will now be able to sell-off all troubled assets and build newer, smaller company around four core brands. The ruling allows GM to restructure more quickly and possibly return as a public company w...

4

Ex AT&T CEO chosen as new GM board chairman
June 10, 2009 2:15:42 PM
GM's bankruptcy-inspired corporate shakeup continues as Edward Whitacre Jr has been named the new chairman of General Motors' Board of Directors.

20

GM Announce Preliminary Agreement To Sell HUMMER to Mystery Buyer
June 2, 2009 3:43:00 PM
No details are available yet on who the new owners are or how much they've paid for the HUMMER brand. The deal will keep alive about 3,000 jobs dependent on Hummer at GM and at the brand's dealerships...

11

GM Files for Chapter 11 Bankruptcy
June 2, 2009 2:13:00 PM
Find out how long it will take for the General to emerge from bankruptcy, and how much debt the company has, inside.

32

Obama administration sets 35.5-mpg standard for 2016
May 19, 2009 1:33:54 PM
New standards call for an average fleet economy rating of 39 mpg for passenger cars and 30 mpg for light trucks. The Obama administration estimates the new regulations will add about 1,300 US dollars ...

30

GM to Close 1100 Dealers
May 18, 2009 1:19:48 PM
Large-scale dealership closing will result in the loss of 137,330 jobs. GM will be cutting its dealership ranks to 3,600 by next year. Down from 5,969 dealers it had in 2008, a reduction of 40 percent...

25

GM to Cancel Some Chevy, Pontiac and Cadillac Models
May 11, 2009 2:18:26 PM
GM will be killing the Pontiac G6 GXP sedan and coupe, the Chevrolet Impala SS, Cobalt SS sedan and the Cadillac STS-V, all by the end of the 2009 model year.

23

GM in *intense* preparations for bankruptcy
April 7, 2009 11:43:27 PM
GM preparing to split the company in two, with a new, leaner GM made up of its more successful brands emerging. Bankruptcy would help GM unburden itself of much of its 27.5 billion dollars in unsecure...

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