Entries tagged "GM bankruptcy"

GM speculation about Opel, Toyota continues

The day before General Motors' bankruptcy sales hearing is set to begin, rumors and speculation about its involvement with Opel and Toyota have bubbled again.

Pontiac isn't dead yet

Despite the obituaries proclaiming the end of muscle-car brand Pontiac, GM will continue to sell one model under the marquee next year: a rebranded Toyota.

Romney to save GM?

The Atlantic suggests Obama tap Mitt Romney to rebuild GM, but it fails to recognize all the reasons it makes sense, and the one that will prevent it from happening.

Magna not bidding on Saturn

Although Magna's agreement to buy a stake in Opel touched off speculation it would bid on GM's other castoff, Saturn, the rumor turns out to be false.

Magna chair's comments fuels Saturn rumors

Canadian auto parts maker Magna International's chairman's comments about building Opel's in Canada could signal his interest in GM's Saturn castoff.

GM bankruptcy by the numbers

Although GM is a massive company spanning the globe, its bankruptcy is not the largest filing in U.S. history.

Media industry feels pain of GM bankruptcy

GM's bankruptcy filing may leave a hole in the bottom lines of media companies.

The Deal and GM: You read it first here

Long before the rest of the media contemplated a GM bankruptcy, The Deal pondered not once but twice how the process would unfold.

PE firms exposed to GM filing

Among GM's largest unsecured creditors are surprisingly Warburg Pincus and Sun Capital Partners.

GM files Ch. 11

As anticipated for weeks now, General Motors formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York.

Is GM driving toward bankruptcy?

On Monday, Dealscape highlighted the uphill battle that General Motors Corp. is fighting to achieve a positive net present value -- a key component to the government's bailout of the industry. The numbers don't look good at all, begging the question of whether the incoming Obama administration will renegotiate the deal or steer the behemoth into bankruptcy. Even GM executives may see the writing on the wall based on comments in the media at the the Detroit Auto Show. ...

Does GM have no sense of reality?

Does General Motors Corp. really know where its financial footing is? Company spokesman Greg Martin told Bloomberg News Tuesday: "The U.S. Treasury's $13.4 billion bridge loan to GM, coupled with the separate transaction for GMAC, meets our liquidity needs under the scenarios outlined in our December plan to Congress." But can the market really believe the Detroit automaker's words considering its numerous snafus that have put the company in its precarious situation in the first place? ...

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