Entries tagged "General Motors Corp."

Publicis' GM exposure is less than anticipated

Publicis now says its potential losses related to the GM bankruptcy are $12.8 million.

Lenders, Delphi in tentative deal

Lenders to Delphi Corp. have reportedly struck a tentative agreement with the auto parts maker and former parent General Motors Co. that may finally end the company's nearly four-year stay in bankruptcy. The lenders, most of them hedge funds, collectively own Delphi's $3.5 billion in debtor-in-possession loans. They intend to offer to buy the company in exchange for forgiving the amount they are owed, according to reports. The funds hope to trump a rival offer by Platinum Equity LLC for the Troy, Mich.-based parts maker. This is a free content preview. Subscribers enjoy access to all stories in full as...

GM pushes through the exit door

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...

Gordian's Kaufman on GM's rebirth

Gordian Group's Kaufman feels GM will have many challenges following its re-emergence from Chapter 11.

Bidders get their last chance at Delphi

Bankrupt auto parts maker Delphi moves closer to ending its nearly four year stay in Chapter 11 as Friday marks the deadline to outbid Platinum Equity.

Judge's decision approving GM restructuring

Judge Robert E. Gerber over-ruled 850 objections to the restructuring plan, saying that the restructuring plan was the only alternative to liquidation.

GM's Ch. 11: Gordian's Kaufman on the road ahead

Gordian Group's Peter Kaufman says opposition to a GM reorganization could be larger, more organized and more vocal than Chrysler dissenters.

Media industry feels pain of GM bankruptcy

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

Gordian's Kaufman on a GM bankruptcy

Gordian Group's Peter Kaufman discusses GM's pending bankruptcy process.

Proskauer's Marwil on a GM bankruptcy

Proskauer's Jeff Marwil says even though General Motors Corp.'s struck an agreement with major bondholders, that doesn't mean a fast-tracked a bankruptcy process is in the cards.

Payday! GM pays 90,000 workers early

The troubled automaker is paying employees and suppliers as its approaches its date with a Chapter 11 bankruptcy.

GM's secured lenders breathe easier

General Motors' secured bank lenders will manage to avoid the fallout if and when the company files for Chapter 11.

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