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Tradewithmojo (November 30, 1999 at 12:00 am)
The firm faces a hearing on 30 June over its restructuring plan.
Tradewithmojo (November 30, 1999 at 12:00 am)
Under the reorganisation plan, the government would hold 60.8% of a "New GM", with 17.5% owned by the United Auto Workers Trust and 11.7% owned by Canada's government.
Tradewithmojo (November 30, 1999 at 12:00 am)
GM is working to pare U.S. dealers by 42 percent, to 3,600, by the end of next year.
Tradewithmojo (November 30, 1999 at 12:00 am)
A group of top General Motors Corp. executives, including Vice Chairman Bob Lutz, have sold what was left of their personal stakes, according to several filings with the Securities and Exchange Commission on Monday.
"Either way, no matter the outcome, we'll essentially be issuing new stock."
Tradewithmojo (November 30, 1999 at 12:00 am)
GM reportedly to miss $1 bln debt payment due June 1, 2009
Tradewithmojo (November 30, 1999 at 12:00 am)
(GM) Wagoner Steps Down As General Motor's Chief
Tradewithmojo (November 30, 1999 at 12:00 am)
DETROIT, Feb 24 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Tuesday it would use an existing Michigan plant to build engines for its key all-electric Chevy Volt and its new Cruze small car, slashing capital investment costs by $120 million.
Tradewithmojo (November 30, 1999 at 12:00 am)
The White House on Saturday firmly rejected pumping more aid into struggling U.S. automakers out of the $700 billion earmarked for a financial-sector rescue plan.
"We want to see legislation passed at this week's lame-duck session that uses existing funds intended for the automakers that will help them become viable for the long run," said White House spokeswoman Dana Perino.
Tradewithmojo (November 30, 1999 at 12:00 am)
I just paid $1.889 for a Gallon of Gas!
G20 tries to get ball rolling on recovery - but leader bracing for a sharp downturn!
Tradewithmojo (November 30, 1999 at 12:00 am)
There is talk in Congress of possible federal aid for Chrysler, Ford and General Motors. Aid could come in the form of subsidies, tax credits, loans or loan! |
