Recent Event Highlights: BP Asset Buyers May Face Suits Amid Raises Money toi Pay Claims - BusinessWeek, GM's IPO May Require Hefty Incentives - BusinessWeek, Ford, GM Help US Autos Top Imports in Appeal Study - Washington Post, Chevy's Battery Warranty: Will It Ease Electric-Car Anxiety? - Wall Street Journal (blog), Former workers at Calif. plant sue Toyota, factory - The Associated Press, GM's Plan To Sell Stock, And More Cars - Forbes (blog), and 138 more...
Created by dipity on Jun 1, 2009
Last updated: 12/13/10 at 12:05 PM
Gm Motors Bankruptcy has no followers yet. Be the first one to follow.
BP Asset Buyers May Face Suits Amid Raises Money toi Pay ClaimsBusinessWeekA proposed change to federal bankruptcy laws could force a buyer to wait for BP to get approval from victims for the sale, or persuade a judge it will have ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGvpc1vFjv_oFqLlSTQhCQV26kVEQ&url=http://www.businessweek.com/news/2010-07-16/bp-asset-buyers-may-face-suits-amid-raises-money-toi-pay-claims.html
GM's IPO May Require Hefty IncentivesBusinessWeekThe initial public offering of recently bankrupt and nationalized General Motors looks to be one of the ...
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE3-PQqE0VohuTfPIybnOp8bHFyZQ&url=http://www.businessweek.com/magazine/content/10_30/b4188031266277.htm
'GM gypsies' willing to keep movingChicago TribuneAfter agreeing to concessions as GM veered into bankruptcy last year, the UAW emerged as one of the automaker's saviors and owners, with the US government. ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFZkBMVEc6hgiY1Tz0sKiDr6Hn0Vw&url=http://www.chicagotribune.com/classified/automotive/sc-cons-0715-wheels-20100715,0,2611076.story
Ford, GM Help US Autos Top Imports in Appeal StudyWashington PostJuly 15 (Bloomberg) -- Ford Motor Co.'s Taurus and General Motors Co.'s Chevrolet Camaro helped US automakers outperform imported vehicles for ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGuQmeelFb3q6ULm9hV_hwxB6qGoA&url=http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071504343.html
White Marsh GM To Add More JobsWJZMaryland GM workers already produce hybrid transmissions, but soon they will be adding electric motors to their resume. "Be the first manufacturer of ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGablpzO8suVOAXG3zZh8G21SLt9A&url=http://wjz.com/local/GM.jobs.federal.2.1806509.html
Chevy's Battery Warranty: Will It Ease Electric-Car Anxiety?Wall Street Journal (blog)That's important to Chevy as it tries to assert itself in the market following its parent GM's emergence from bankruptcy. Consumers have become comfortable ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFusL1HHOThfw-suUPf1MkTpHYRHg&url=http://blogs.wsj.com/drivers-seat/2010/07/15/chevys-battery-warranty-will-it-ease-electric-car-anxiety/
Kansas City StarFormer workers at Calif. plant sue Toyota, factoryThe Associated Press... between General Motors Co. and Toyota. GM made the Pontiac Vibe there but withdrew from the alliance last year after filing for bankruptcy protection. ...Toyota Dealer Picketing Begins, UAW Leader SaysWorkforce Managementall 280 news articles »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNESo2xBjmYULi6IEjEDCkFkE74oKg&url=http://www.google.com/hostednews/ap/article/ALeqM5hc5dTfzTEVLaCSqqVuPZPQDIau9gD9GV4OC80
Forbes (blog)GM's Plan To Sell Stock, And More CarsForbes (blog)As General Motors moves down the road from bankruptcy court to what will likely be the second-largest IPO in history, investment banks drooled over the ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNETVC0GFA1oTnys3enSNp_Gz77jNA&url=http://blogs.forbes.com/greatspeculations/2010/07/14/gms-plan-to-sell-stock-and-more-cars/
WISC MadisonGM, Chrysler Dealers Soon to Hear Closure Appeal VerdictsDailyFinancePrior to last year's bankruptcy, GM had about 6000 franchises. Chrysler has been less sympathetic. Spokesman Mike Palese said 56 cases had been decided in ...Key dates in the GM, Chrysler dealer appealsBusinessWeekChrysler, GM Close In on Dealer Arbitration CasesWard's Auto (subscription)Auto dealers facing closure will soon know fateThe Associated PressBlue MauMauall 164 news articles »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGWEYl5MwMSxRsaVYbjZjBd_O_8-w&url=http://www.dailyfinance.com/story/autos/gm-chrysler-dealers-soon-to-hear-closure-appeal-verdicts/19553765/
IPO Watch: Is GM Better Than Ford?Wall Street Journal (blog)It was back in January that General Motors CEO Ed Whitacre first indicated that the formerly bankrupt auto maker planned to go public ...GM Plans To File Soon For Stock OfferingNPRall 32 news articles »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHd0IHQ__Muv5CnC1QRxiGBUNH0zQ&url=http://blogs.wsj.com/deals/2010/07/13/ipo-watch-is-gm-better-than-ford/
Karl Brauer, Senior Analyst & Editor-at-Large joins Jeremy Anwyl, CEO of Edmunds Inc. and Jessica Caldwell Director of Pricing & Industry Analysis to discuss the bankruptcy of GM.
Excerpt
...year ago as General Motors was sprinting through bankruptcy proceedings and its future appeared iffy, shoppers were scouring dealership lots for bargains. The conventional wisdom suggsted great deals were to be had from the automaker's new and used vehicle...
Source Info
Edmunds
http://www.autoobserver.com/2010/06/gm-bankruptcy-no-used-car-bargains-either.html
Excerpt
...it is "our hope" the deal is approved. The sale of the closed GM plant would shed a major property from the car maker's bankruptcy estate, formally called Motors Liquidation Co. but sometimes referred to as "Old GM."The U.S. pumped $50 billion into GM to keep...
Source Info
Wall Street Journal
http://online.wsj.com/article/SB10001424052748703279704575335143607909732.html?mod=WSJ_topics_obama
General Motors GM Unveiled at 2010 Detroit NAIAS Auto Show
Discussion about the effects of GM's bankruptcy on GM dealers.
Regular Folks United Founder, Lori Rioman, goes on the Glenn Beck program on Fox News Channel to discuss the future of General Motors following their exit from bankruptcy. July 10, 2009
Golling TV Episode 2 highlights: Welcome to Golling Pontiac GMC. John Cooper is the General Manager at Golling Pontiac GMC in Lake Orion Michigan. There are lots of things going on in the world the last 2 weeks including the death of Ed McMahon, Michael Jackson and Farah Fawcett. Big news right here in Detroit Michigan with General Motors coming out of Bankruptcy after 40 only days. GM Selected Golling Pontiac GMC to be a General Motors dealership The General Motors Orion assembly plant in Lake Orion has been selected to build the General Motors small car! GM building the General Motors small car in the General Motors Lake Orion plant has secured thousands of jobs for the Lake Orion area. Some may argue that the General Motors bankruptcy should not have happened this fast? Some may argue that the General Motors bankruptcy never should have happened at all? General Motors needs to be a strong company and this country needs a strong manufacturing base We Sorry that some of our fellow General Motors dealers wont around as a result of the General Motors bankruptcy. 2009 Pontiac Solstice Convertible is a great car! Only 1200 2009 Pontiac Solstice Coupe made. Will the 2009 Pontiac Solstice Coupe be a collectors item? Certified Used Cars with Low Rate Financing! Cash for Clunkers target date to launch is July 27th Part of the New General Motors now that it is past the General Motors bankruptcy Come see our Michigan Cruise In for great Classic Cars, music and refreshments View ...
US auto giant General Motors emerged from bankruptcy Friday after signing court papers selling its best, most profitable parts to a new company largely controlled by the US government. The process has seen the carmaker shed thousands of jobs and announce plans to shut down or sell off famous brands like Hummer, Saturn and Pontiac so it can focus on making a profit. But industry experts say the new GM faces stiff challenges amid the worst economic crisis in decades. VOA's Mil Arcega reports.
Excerpt
The 100-year-old General Motors Corp. was reborn today as General Motors Co. after a historic rush through bankruptcy that lasted all of 40 days.
The speed surprised even GM executives, who had said it could take 60 to 90 days for GM to sell its good
Source Info
Detroit Free Press
http://www.freep.com/article/20090710/BUSINESS01/90710062/1202/RSS
Excerpt
Save one appeal, there hasn't been much opposition to the government's acquisition of a controlling stake in General Motors through bankruptcy court. If opponents of the sale remain on the sidelines, GM could get out of bankruptcy this month.
An
Source Info
Business Week
http://rss.businessweek.com/~r/bw_rss/autos/~3/E8v7cgbrWbQ/db2009076_998368.htm
Excerpt
Save one appeal, there hasn't been much opposition to the government's acquisition of a controlling stake in General Motors through bankruptcy court. If opponents of the sale remain on the sidelines, GM could get out of bankruptcy this month.
An
Source Info
Business Week
http://www.businessweek.com/bwdaily/dnflash/content/jul2009/db2009076_998368.htm
Excerpt
NEW YORK (CNNMoney.com) -- General Motors returned to bankruptcy court Thursday seeking approval of its plan to restructure and create a "new GM."
Judge Robert Gerber reconvened for a third day after Wednesday's session continued into the evening.
Source Info
CNN/Money
http://rss.cnn.com/~r/rss/money_latest/~3/4-foc64U9yE/index.htm
Excerpt
The proposed sale of General Motors Corp.'s best assets drew a flurry of objections Friday from attorneys general in 10 states, union retirees and small bondholders, setting up potential speed bumps in the automaker's path out of bankruptcy.
Attorneys
Source Info
Detroit News Online
http://www.detnews.com/article/20090619/AUTO01/906190460/-1/rss
FOR MORE INDUSTRY NEWS: www.edmunds.com Check out this interview with industry expert Jessica Caldwell as she talks about how the recent bankruptcies could affect you.
Jerry White reports for the World Socialist Web Site from Flint, Michigan. He speaks to workers and youth in the once-thriving auto city about the conditions and implications of General Motors bankruptcy.
After a historic bankruptcy filing Monday, General Motors took a big step forward Tuesday, announcing a tentative deal to sell its Hummer brand to a Chinese manufacturer. GM has also lined up buyers for its Saturn and Saab brands. But prospects of a more profitable GM emerging from bankruptcy have been lost on thousands of workers and dealers who are seeing their livelihoods wiped out. VOA's Mil Arcega reports.
www.KTLKFM.com Chris Baker Radio show was interviewing a Vice President of General Motors and Bill O'reilly coudn't control himself and melts down, Thank God for calm cool Chris Baker. She sounds hot.
Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history. A look at the factors that led to the biggest failure of an industrial company in the US.
Ralph Nader and Labor Professor Harley Shaiken Discuss the Bankruptcy and Future of General Motors Auto giant General Motors filed for Chapter 11 yesterday in one of the largest bankruptcy cases in US history. Shortly after the filing, GM said it would close fourteen more plants, including seven in Michigan, and cut up to 21000 more jobs. More than 2000 car dealerships will be shut down, as well. After the factory closings, GM will have fewer than 40000 workers buildings cars in the United States, one-tenth of a workforce that numbered nearly 400000 in the 1970s.
Ralph Nader and Labor Professor Harley Shaiken Discuss the Bankruptcy and Future of General Motors Auto giant General Motors filed for Chapter 11 yesterday in one of the largest bankruptcy cases in US history. Shortly after the filing, GM said it would close fourteen more plants, including seven in Michigan, and cut up to 21000 more jobs. More than 2000 car dealerships will be shut down, as well. After the factory closings, GM will have fewer than 40000 workers buildings cars in the United States, one-tenth of a workforce that numbered nearly 400000 in the 1970s.
What does the GM Bankruptcy mean for green cars and the environment. Will GM focus on more efficient vehicles now? Or will the financial troubles bring the axe down on their most progressive programs?
NASHVILLE, Tenn. - Governor Phil Bredesen said he was focused on the future and was trying to get displaced General Motors employees all the help they need. Bredesen said the idling of the Spring Hill plant was going to have a huge ripple effect on Tennessee's economy, but was doing his best to remain positive. The Governor said his focus was on the GM employees who could be out of a job in a few months. He said the state will do everything to help families make sure they get the unemployment assistance they need
Local car dealers and GM drivers respond to auto giant's filing for bankruptcy.
Full transcript at www.theuptake.org THE PRESIDENT Good morning, everybody. Just over two months ago, I spoke with you in this same spot about the challenges facing our auto industry, and I laid out what needed to be done to save two of America's most storied automakers -- General Motors and Chrysler. These companies were facing a crisis decades in the making, and having relied on loans from the previous administration, were asking for more. From the beginning, I made it clear that I would not put any more tax dollars on the line if it meant perpetuating the bad business decisions that had led these companies to seek help in the first place. I refused to let these companies become permanent wards of the state, kept afloat on an endless supply of taxpayer money. In other words, I refused to kick the can down the road.
President Barack Obama announces GM's Chapter 11 situation, North Korea gets ready to test another missile, and South Ossetia's election is condemned by Georgia.Marta Costello hosts gnooze (the g is silent), today's top stories in fewer than 5 minutes. Bloopers, t shirts and more at gnooze.com ! Sign up for twitter updates at twitter.com for a glimpse inside the mind of Marta! Thanks to Oz J. Thomas for the show open! Check out www.ozjthomas.com for more. Music by Pistol Youth http:pistolyouth.com and Special Thanks to Lettuce for the t-shirt/logo design - www.lettuceoffice.com Distributed by Tubemogul.
Excerpt
Consumer advocate Ralph Nader today issued the following statement on GM's bankruptcy filing:
Today's bankruptcy declaration in federal court by General Motors is an avoidable, crude weapon of mass devastation for workers, dealers, auto suppliers,
Source Info
NewsMax
http://www.newsmax.com/insidecover/ralph_nader_gm/2009/06/01/220370.html?utm_medium=RSS
GM has filed for banruptcy and the Government has stepped in with 50 Billion dollars to bail out the struggling company
New York TimesNow a GM Owner, UAW Faces Delicate Balancing ActNew York Times, United StatesThat, some analysts say, helped drive United Airlines into bankruptcy when it was employee-owned. For this reason, industry experts say, the Obama administration structured the GM and Chrysler plans to lessen the union's voice in management. ...Union reverses role in GM rescue plan BBC NewsGeneral Motors wins concessions from UAW Los Angeles TimesGM: Its rise, fall and future Telegraph.co.ukNECN - AFPall 2,375 news articles
http://www.nytimes.com/2009/06/02/business/02uaw.html?ref=business
Washington PostOnce a Recession Remedy, GM's Empire FallsWashington Post, United StatesGM's splendor has since dimmed and its empire has shriveled. No longer a bulwark against recession, it has become another victim. Yesterday, the company Time once hailed as a symbol of American success filed for bankruptcy protection. ...
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/01/AR2009060103561.html
New York TimesJudge in Case Is Known for His Brisk ApproachNew York Times, United StatesBy JONATHAN D. GLATER Bankruptcy lawyers involved in the filing of General Motors may want to catch up on sleep now, because the presiding judge is known for midnight hearings. A colleague says Judge Robert E. Gerber is “all business. ...
http://www.nytimes.com/2009/06/02/business/02judge.html?hpw
earth2obama.org June 01, 2009 MSNBC Keith Olbermann
NewsdayGM bankruptcy's impactNewsday, NYBY KEIKO MORRIS | keiko.morris@newsday.com As General Motors revamps itself under bankruptcy protection, the effects will reverberate across the country, touching taxpayers, dealerships and consumers directly and indirectly. ...
http://www.newsday.com/business/local/ny-bzwhat0602-swap,0,2485900.storylink
"We need to protect our industrial infrastructure, as I've said many times before, so that we are using these factories to built the things that we need -- bullet trains, light rail, alternative energy, cleaner buses -- things that society needs in the 21st century. ... We have to kill GM in order to save it. ... They've planned their own obsolescence by helping to destroy the middle class ..." -- Michael Moore on Countdown with Keith Olbermann, Monday, June 1st, 2009
In this video I discuss the GM bankruptcy and how the UAW was responsible for GM's downfall. I also comment on Michael Moore's piece. Visit me at: johnpaulus.blogspot.com
Ozarks FirstBankruptcy Could Be Good for Local GM DealersOzarks First, MOAnd the news that General Motors is bankrupt isn't steering him away from a purchase. "Absolutely not, because here we have American made cars, parts are made by Americans and I think we will see parts available. Naturally, body work will done on any ...Local GM dealers relieved, say consumers are safe Lancaster NewspapersLocal reaction to GM bankruptcy and bailout CKCOall 25 news articles
http://ozarksfirst.com/content/fulltext/?cid=154031
New York TimesBreakingviews.com GM Bankruptcy Loomed for YearsNew York Times, United StatesBy ANTONY CURRIE, ROB COX and MARTIN HUTCHINSON What drove General Motors into bankruptcy? It's tempting to blame the broader financial crisis, which torpedoed the United States economy, dragged down car sales and shut carmakers out of the capital ...Road to Bankruptcy Washington PostBankruptcy filing could put GM on road to profits The Associated PressGM bankruptcy leaves NJ car dealerships wondering about future The Star-Ledger - NJ.comCBS News - New York Timesall 8,580 news articles
http://www.nytimes.com/2009/06/02/business/02views.html?ref=business
Is Canadian Prime Minister Stephen Harper completely stupid? IT IS NOT OTTAWAS MONEY (9.5 billion US) THAT IS BAILING OUT GM AND CHRYSLER, ITS THE TAXPAYERS MONEY. WE ARE NOW THE OWNERS OF GM AND CHRYSLER. Harper is a civil servant working for Canadians not the conservative party or big business. Canadian Prime Minister Stephen Harper said Monday a 9.5-billion-dollar bailout (Canadian tax payers money)of General Motors was "regrettable, but necessary," given the alternative devastation of Canada's manufacturing sector. Harper's government offered (Canadian tax payers money) GM up to 9.5 billion dollars US (Canadian tax payers money) in financial aid in order to keep a portion of GM's production in Canada. For helping out GM, Ottawa (Canadian tax payers) is to receive 11.7 percent of GM common shares and 400 million dollars in preferred shares once the company emerges from bankruptcy, filed in a US court earlier Monday. "We will be seeking to sell (Canadian tax payers) our equity when the conditions are favorable," Harper said. "(Canadian tax payers) we certainly have no intention of being long-term owners of this company." Harper does not have 9.5 billion US, the conservative party does not have 9.5 billion US, the treasury might have it if it took enough taxes from taxpayers or the government will borrow the money, putting all taxpayers on the hook for a burgeoning deficit. When and its not if but when Harper and his cohorts are kicked out they will leave office and a ...
General Motors, which has filed for bankruptcy protection, is to close down 17 plants across the country. But the US carmaker will keep its headquarters in Detroit in the US state of Michigan, where there is still disbelief that the car giant has gone under, as Al Jazeera's Sebastian Walker reports.
ReutersGM workers face uncertain future in hard timesReuters... Michigan (Reuters) - At 8:15 am ET on Monday, a General Motors executive gave hourly workers at its assembly plant here the news they feared most: the plant would close by October, robbing most of them of their jobs. Although GM's bankruptcy was a ...GM workers, dealers hope for post-bankruptcy rebirth AFPThe 'New GM' Releases List of 14 Plants to be Shuttered MotorTrend MagazineGM bankruptcy to have major fallout for distributors Industrial DistributionMLive.com - Boston Globeall 881 news articles
http://www.reuters.com/article/domesticNews/idUSTRE55102T20090602
Update Sources