GM pushes through the exit door (Dealscape

The new General Motors Co. formally exited bankruptcy Friday morning with fewer brands, a healthier balance sheet and promises from executives not to repeat the mistakes of the past.

Company CEO Fritz Henderson in a press conference Friday said the emergence shows "a company not known for quick action can indeed move very fast."

GM sped through bankruptcy in just 40 days, backed by $50 billion in support from the U.S. Treasury that owns a majority stake in the automaker.

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NOT A SUBSCRIBER? GM pushes through the exit door Posted on July 10, 2009 2:20 PM The new General Motors Co. formally exited bankruptcy Friday morning with fewer brands, a healthier balance sheet and promises from executives not to repeat the mistakes of the past. Company CEO Fritz Henderson in a press conference Friday said the emergence shows "a company not known for quick action can indeed move very fast." GM sped through bankruptcy in just 40 days, backed by $50 billion in support from the U.S. Treasury that owns a majority stake in the automaker. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 1,407 in-depth reports of bankruptcy deals in the Auto sector 101 in-depth transaction records for General Motors Co. 17 in-depth reports of bankruptcy plans in the Auto sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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