Tag Archives: general-motors
GM to file for bankruptcy, Chrysler sale cleared
Reuters – General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The […]
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]
Government Considering GM Debt/Equity Swap
New York (HedgeCo.Net) – The Obama administration is considering a deal in which they would forgive part of the $13.4 billion owed to them from General Motors Corp. in exchange for an equity stake in the company, according to a […]
Former chairman of GM financial arm charged in Madoff-related fraud
WSWS – New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion […]
GM, Chrysler launch supplier support
Traverse City Record Eagle – General Motors and Chrysler, which have received $17.4 billion in federal aid and face upcoming deadlines to restructure their companies, will designate the auto parts suppliers that need the financing, giving them a large role […]
Washington’s reluctant auto bailout
CNNMoney.com – General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy. What they already know is that any […]
GM warns it may be forced into bankruptcy
Reuters – General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. The "going concern" warning from the struggling U.S. […]
GM in Talks to Acquire Stagnant Delphi Plants
New York (HedgeCo.Net) – It doesn’t help matters when a company, who is at the forefront of a government bailout, is expected to provide rescue to another faltering company. But that’s exactly what General Motors has found themselves in the […]
Invest In The New York Times?
Forbes – Billionaire Carlos Slim Helu believes enough in The New York Times that he loaned it $250 million for an eventual 17% stake. The Forbes.com Investor Team says don’t copy him. Last summer in the Turnaround Newsletter, George Putnam […]
Wall Street slips on earnings risks
The Australian – US stocks fell as another drop in oil prices and a warning from Toyota Motor underscored the unsparing nature of the slowdown. Toyota forecast an operating loss for the current year, the first in the car maker’s […]
