July 11, 2009
Fritz Henderson, chief executive officer of General Motors Co. speaks during a news conference at the GM headquarters in Detroit, Michigan, US, Friday General Motors Co., a new company majority-owned by the US government, emerged from the remains of bankrupt General Motors Corp. by taking over the best assets of the biggest US automaker. GM [...]
Tags: 000 jobs, 10-percent, 2008 Gm, 2009 Gm, And Ontario Governments, And The Old, Announces Plans, Automaker, bankruptcy, billion, By The End, Canadian And Ontario, Canadian And Ontario Governments, Chapter 11, Chief, Chief Executive, Chief Executive Officer, Chrysler, company, Conference, Detroit, executive, Executive Officer, Friday, Fritz Henderson, General, General Motors, Gm And Chrysler, Gm Reports, Government, Government Backed, Government Loans, Henderson, loans, Motors, Motors Co, New Company, New Gm, News Conference, Obama, Of The New, Of This Year, officer, Old Gm, Ontario Governments, percent, Percent Gm, plans, plants, President, Quarter Loss, restructuring, Restructuring Plan, Rick Wagoner, Saturn, shrink, Task Force, The Automaker, The Canadian, The Canadian And, The Canadian And Ontario, The company, The new, The New Company, The old, The white house, This year, treasury, Us Debt, Us Government, Us Treasury, White house
Posted in International, News | Comments Off
June 11, 2009
Chrysler LLC, the third largest U.S. automaker that filed for bankruptcy protection at the end of April, has completed its sales of assets to a new group headed by Italian auto giant Fiat, allowing for the formation of a new automaker — Chrysler Group LLC. File photo taken on May 30, 2009 shows the exterior [...]
Tags: 20 Percent, 35 Percent, assets, Auto Workers, Automaker, Bankruptcy Protection, Billion dollars, Branded Vehicles, Certain, Chrysler, company, Deal Fiat, dollars, forward, Going Forward, Government, Government Loans, group, If Certain, loans, Marchionne, New Chrysler, New Company, percent, Percent Stake, technology, Technology From Fiat, The Bankrupt, The company, The Deal Fiat, The Merger, The new, The New Chrysler, The New Company, The united, The United Auto, The United Auto Workers, United, United Auto, United Auto Workers, Up And Running, vehicles
Posted in International, News | Comments Off
May 31, 2009
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 [...]
Tags: 10-percent, 11 Bankruptcy, 15 Percent, accept, Automaker, bankruptcy, Bankruptcy Court, Bankruptcy Court The, Bankruptcy Court The Treasury, Bankruptcy Process, billion, Billion dollars, Bondholders, Chapter 11, company, court, Court The Treasury, creditors, deadline, Detroit, dollars, General, General Motors, General Motors Corp, Government, Government Loans, In Bankruptcy Court, In Bankruptcy Court The, Many Bondholders, Monday Deadline, Motors, Motors Corp, Obama, offer, percent, process, restructuring, Saturday, stake, The Automaker, The company, The Debt, The government, The treasury, The Treasury Department, treasury, Treasury Department, Would Have Been
Posted in International, News | Comments Off
