Posts Tagged ‘ General Motors Corp ’

GM tells judge that asset sale is its ‘only option’

July 2, 2009
GM tells judge that asset sale is its ‘only option’

Fritz Henderson, chief executive officer of General Motors Corp, enters the U.S. Bankruptcy Court in New York June 30, 2009. General Motors Corp has no choice but to sell its assets to a group led by the U.S. government if it is to survive, a lawyer for the bankrupt carmaker argued in bankruptcy court in [...]

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GM tells judge that asset sale is its ‘only option’

July 2, 2009
GM tells judge that asset sale is its ‘only option’

Fritz Henderson, chief executive officer of General Motors Corp, enters the U.S. Bankruptcy Court in New York June 30, 2009. General Motors Corp has no choice but to sell its assets to a group led by the U.S. government if it is to survive, a lawyer for the bankrupt carmaker argued in bankruptcy court in [...]

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GM suspends production of Chevy Malibu hybrid

June 12, 2009
GM suspends production of Chevy Malibu hybrid

The largest U.S. automaker General Motors Corp., which filed for bankruptcy protection on June 1, decided on Thursday to suspend production of the Chevrolet Malibu hybrid due to poor sales. A piece of news about the General Motors Corp. filing for bankruptcy protection is seen on the front page of a newspaper in Detroit, the [...]

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GM, Chrysler say dealer cuts critical to survival

June 4, 2009
GM, Chrysler say dealer cuts critical to survival

The chief executives of auto giants General Motors and Chrysler told the Congress on Wednesday slashing dealer networks was critical to their companies’ survival. The logo of General Motors Corp. (GM) is seen in front of the GM headquarters in Detroit, the United States, April 15, 2009. The largest U.S. automaker, General Motors Corp., officially [...]

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Iconic U.S. auto giant GM declares bankruptcy

June 2, 2009
Iconic U.S. auto giant GM declares bankruptcy

In the largest industrial bankruptcy ever seen in U.S. history, General Motors Corp., the top U.S. automaker and once the world’s largest corporation, filed for bankruptcy protection on Monday. A piece of news about the General Motors Corp. filing for bankruptcy protection is seen on the front page of a newspaper in Detroit, the United [...]

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GM kicked out of Dow auto classified index

June 2, 2009
GM kicked out of Dow auto classified index

General Motors Corp. will be removed from the Dow Jones Automobiles & Parts Titans 30 Index after the automaker filed for bankruptcy on Monday. The logo of General Motors Corp. (GM) is seen outside the GM headquarters in Detroit, the United States, May 29, 2009. The largest U.S. automaker, General Motors Corp., officially filed for [...]

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GM decides to file Chapter 11 bankruptcy as bondholder deadline passes

May 31, 2009
GM decides to file Chapter 11 bankruptcy as bondholder deadline passes

General Motors Corp. president and Chief Executive Officer Fritz Henderson have scheduled a news conference in New York on Monday, when the Detroit automaker is expected to file Chapter 11 bankruptcy, according to media reports Sunday. A Dodge Nitro vehicle is seen in front of the General Motors Corp world headquarters in downtown in Detroit, May [...]

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Detroit awaits bailout amid U.S. auto-industry crisis

April 14, 2009
Detroit awaits bailout amid U.S. auto-industry crisis

It’s a chilly Monday morning in Detroit, capital of U.S auto industry. Ricky Martin, a 7-year-old boy, is playing basketball with his brother in front of an abandoned house in downtown Detroit. The 2009 NCAA Final Four Logo is seen on the back of the General Motors Corp World Headquarters in downtown Detroit, Michigan April [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...