6 result(s) displayed (1 - 6 of 6):

GM's Wagoner optimistic out-of-court restructuring will work (from Corporate Dealmaker)

General Motors Corp. (NYSE:GM) CEO Rick Wagoner restated his case against a bankruptcy filing on Tuesday, saying that the extra benefits of a trip through Chapter 11 did not justify what he sees as substantial risks.Wagoner, speaking at a breakfast in Washington, acknowledged a prepackaged bankruptcy "could work." But he...

Posted on March 17, 2009 2:45 PM

The Saturn saga and GM's tragic lack of focus (from Corporate Dealmaker)

One of the restructuring measures General Motors Corp. outlined in the viability plan it filed with the Feds on Tuesday is the phasing out or possible sale of its Saturn division. Expressing regret, GM chairman Rick Wagoner called it "a cruel twist of fate at a time when Saturn is...

Posted on February 19, 2009 11:35 AM

GM considers Chapter 11, Obama picks panel over car czar (from Corporate Dealmaker)

General Motors Corp. CEO Rick Wagoner, once resolutely opposed to a GM bankruptcy, is now considering that very option, according to a Wall Street Journal report. On Tuesday in Washington, GM and Chrysler will present the Treasury with an update on their progress thus far and restructuring options as they...

Posted on February 16, 2009 1:35 PM

BofA's Ken Lewis: Big Three should be Big Two (from Corporate Dealmaker)

In a lunch meeting at the Detroit Economic Club on Tuesday, Bank of America Corp. CEO Ken Lewis (pictured) said he would only favor a bailout for cash-leaking Big Three automakers General Motors Corp., Chrysler LLC and Ford Motor Co. if it were to yield major consolidation in the industry....

Posted on November 19, 2008 9:27 AM

A clear day, but you can't see General Motors (from Corporate Dealmaker)

Maybe French President Nicolas Sarkozy is right, and we really are reinventing capitalism. It sure feels that way when the topic is the fate of General Motors Corp., as it so often is these days.Adding another voice to the hubbub of opinion Tuesday is former General Electric Co. chairman Jack...

Posted on November 18, 2008 10:20 AM

GM sees interest in Hummer, other assets on the block (from Corporate Dealmaker)

General Motors Corp. dealmakers told reporters Wednesday they were seeing significant interest in the automakers' assets, expressing confidence they will be able to raise the $4 billion it needs to weather the current downturn....

Posted on August 13, 2008 1:29 PM