Sort by:
GM Announces It Will Pay Back Gov’t Loan With Gov’t Money
Region: United States
GM will be begin paying back the TARP money in December [1], the company announced [2] this morning. It’s a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bai... more
Views: 162 Rating:
General Motors files for bankruptcy
Region: United States
General Motors files for bankruptcy By Jo Hedesan THURSDAY JUNE 04, 2009 Photographer: John Manoogian III DETROIT (The International) — On June 1, 2009, General Motors filed for bankruptcy... more
Views: 942 Rating:
GM Bondholders, Faced with Total Loss, Now Express Support for 10% Debt/Equity Swap Plan
Region: New York
According to a General Motors ("GM") regulatory filing filed this morning, an unofficial ad hoc committee of GM debt holders holding approximately 20% in aggregate principal amount of the notes expressed support for the de... more
Views: 406 Rating:
General Motors Chapter 11 Bankruptcy Looming After Unsecured Creditors Reject Debt/Equity Swap
Region: United States
After weeks of speculation on Wall Street that General Motors Corp ("GM") would be unable to secure the 90% needed participation rate in swapping roughly $27.2 billion (face value) of unsecured debt into equity, GM officia... more
Views: 537 Rating:
Chrysler: Death of an American Automaker in Ohio
Region: United States
When my father left the army back in the early 1960's, my grandfather advised him to apply for a position at the Chrylser stamping plant in Twinsburg, Ohio. Although the plant was an hour away from Akron, my grandfather k... more
Views: 782 Rating:
Tickets at Pacquiao-Hatton Fight Have Sold Out
Region: PhilippinesPromoters stated today that tickets at Pacquiao-Hatton fight at MGM grand in Las Vegas Nevada have sold out. People who weren't able to purchase the tickets can still watch the fight through closed-circuit viewing at... more
Views: 679 Rating:
GM CEO Rick Wagoner to Cut Costs, Employees
Region: Michigan
Rick Wagoner and General Motors must cut costs to keep their beleaguered automotive company from going bankrupt. One of the ways Wagoner plans to do this is by cutting his salaried cash costs by as much as 20 percent. So... more
Views: 798 Rating:
GM planning to cut more job selling brands
Region: United StatesAccording to the WSJ, GM's early-August board meeting is likely to result in layoffs affecting both blue- and white-collar workforces. They're also reporting GM is seriously exploring sloughing off another brand, either by... more
Views: 567 Rating:
