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Judge Approves Plan for GM to Buy Delphi Out of Bankruptcy
July 13, 2009 – 2:16 PM | No Comment
Judge Approves Plan for GM to Buy Delphi Out of Bankruptcy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!By DAVID MCLAUGHLIN
NEW YORK–A bankruptcy judge approved a plan that will allow General Motors Co. to team up with a …

Delphi Emerging From Bankruptcy-WXXI Local Stories
June 1, 2009 – 3:06 PM | No Comment

Delphi Corp. announced today it has reached a deal to emerge from bankruptcy. As part of the agreement, Delphi will sell its Rochester manufacturing site to an affiliate of General Motors called GM Components Holding. …

GM Files for Bankruptcy Protection
June 1, 2009 – 1:57 PM | No Comment
GM Files for Bankruptcy Protection

GM now stands for Government Motors.

Also: GM and Chysler to sign contract with Tonka Toys

DETROIT — General Motors Corp. filed for Chapter 11 bankruptcy early Monday, marking the humbling of an American icon that once dominated the global car industry and setting up a high-stakes gamble for U.S. taxpayers. (See the Chapter 11 filing.)

UAW trust to get 17.5 percent of GM shares
May 26, 2009 – 1:47 PM | No Comment
UAW trust to get 17.5 percent of GM shares

By TOM KRISHER (The Associated Press)

DETROIT (AP) — General Motors Corp. will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care costs starting next year.

GM bankruptcy plan eyes quick sale to gov’t
May 19, 2009 – 4:30 PM | No Comment
GM bankruptcy plan eyes quick sale to gov’t

NEW YORK, May 19 (Reuters) - General Motors Corp’s (GM.N) plan for a bankruptcy filing involves a quick sale of the company’s healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.