Entries tagged "General Motor Corp."
The carmaker has reportedly emerged from Chapter 11 after only 40 days.
A couple from Connecticut is suing to block General Motor's plan that would wipe out most of the value of their $400,000 in GM bonds.
The Detroit News says Penske Automotive will be named the buyer of GM's Saturn unit as soon as Friday.
The bankrupt automaker tells its dealers to go along with the restructuring quietly ... or else.
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.
Midmarket media deals saw a slight uptick in May with four deals, but the number is still down from the same year-ago period.
