DETROIT (Reuters) – General Motors Corp and the U.S. government finalized plans on Sunday for the battered company to reorganize, setting the stage for America’s largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S
Tagged america, battered, businessnews, general-motors, government-finalized, industrial-bankruptcy, plans-on-sunday, setting-the-stage, stage, sunday, uncertain-eraThe UAW is now in the driver’s seat when it comes to healthcare for GM and Chrysler retirees — and it’s an uncertain road ahead
Tagged chrysler, driver, the-driver, uaw, uncertain-roadDETROIT (Reuters) – General Motors Corp will find out on Saturday if investors holding $27 billion in the automaker’s bonds will accept an exchange offer as it races to tie up loose ends before a bankruptcy filing next week.
Tagged automaker, bankruptcy-filing, businessnews, exchange-offer, general-motors, investors-holding, loose-ends, saturday, saturday-if-investors, the-automaker, will-findBERLIN (Reuters) – Germany heaved a sigh of relief on Saturday over a deal with Canadian auto parts group Magna, General Motors and the U.S. government to save carmaker Opel from the imminent bankruptcy of its U.S. parent
Tagged bankruptcy-filing, from-the-imminent, general-motors, investors-holding, recession, relief-on-saturday, saturday, the-automaker, will-findNEW YORK (Reuters) – The U.S. bankruptcy judge overseeing Chrysler LLC’s bankruptcy case said on Friday he would issue an opinion “sometime on Monday” on the automaker’s proposed sale of most assets to a new company run by Italy’s Fiat SpA.
Tagged bankruptcy-case, friday, from-the-imminent, general-motors, investors-holding, italy, llc, most-assets, proposed-sale, recession, said-on-friday, saturday, sometime-on-monday, the-automakerNEW YORK (Reuters) – Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data signals the worst of the recession has passed.
Tagged bankruptcy-filing, businessnews, further-if-economic, general-motors, investors-holding, loose-ends, next-week, recession, saturday, saturday-if-investors, the-automaker, week-as-general, will-findBERLIN/DETROIT (Reuters) – Canadian auto parts group Magna has reached a preliminary deal with General Motors Corp to invest in Opel, boosting hopes for a deal to save the German unit as its U.S. parent prepares to enter bankruptcy.
Tagged auto-parts, boosting-hopes, businessnews, general-motors, german, magna, save-the-german, unit-as-itsA review of the long and troubled road of the company that was once the symbol of American economic dominance
Tagged economic-dominance, once-the-symbol, symbol, the-longWILMINGTON, Delaware (Reuters) – U.S. auto parts maker Visteon Corp received interim court approval on Friday to pay wages, benefits and payroll taxes while in bankruptcy.
Tagged approval-on-friday, auto-parts, boosting-hopes, businessnews, court-approval, friday, general-motors, german, received-interim, save-the-german, unit-as-its, visteon-corpNEW YORK (Reuters) – U.S.
Tagged bankruptcy-court, file-immediate, friday, group-led, hearings-on-friday, italy, its-operations, sell-most, york