Mon, Apr 27th, 2009
Related topics:
General Motors Corp. plans to announce details of its revised viability plan early this morning.
The troubled Detroit automaker is expected to formally launch a debt-to-equity exchange with unsecured bondholders early this week, presumably today, as part of its efforts to restructure nearly $28 billion in debt and to satisfy the White House's demands for a healthy balance sheet.
GM faces a June 1 deadline to improve its restructuring plan and impress President Barack Obama or face bankruptcy...
Related stories from top sites:
Next Up: GM's Bondholders
Apr 16th, 2009 - BusinessWeek
If the latest communiqué from the bondholders of General Motors (GM) is any indication, the struggling auto giant could follow its crosstown rival Chrysler into bankruptcy court in a month's time.
GM to announce changes to viability plan Monday
Apr 16th, 2009 - bizjournals
General Motors Corp. is planning a major announcement Monday about changes to its viability plan that could include additional plant cuts and swapping its $28 billion in debt for equity in the company.
GM plans to announce stepped up cost cuts-sources
Apr 16th, 2009 - Reuters
Email |Print | Reprints [-] Text [+] DETROIT, April 26 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) isset to announce on Monday an accelerated restructuring...
GM halt to impact more than workers
Apr 16th, 2009 - MSNBC
DETROIT - General Motors’ decision to shut down 13 assembly plants for up to 11 weeks this summer will disrupt far more than the lives of nearly 24,000 workers, rippling out to damage part suppliers...
GM plans public bond-exchange offer
Apr 16th, 2009 - Los Angeles Times
DETROIT -- General Motors Corp. is preparing to launch a public bond-exchange offer soon so the company can start slashing its debt, even without an agreement from a committee representing large institutional bondholders.
Related videos from YouTube:
- The Case for GM: Ray Young...Ray Young, GM's Chief Financial Officer, commenting on recent media reports about the status of GMs viability plan, the new labor contract with the CAW and ongoing discussions with the US Task force on Autos
- Ray Young Explains GM's...In response to questions raised by the American people and the Congress, we have submitted our plan to show how we're continuing the major transformation of our business already underway for the past several years ...
- White House Questions Viability...President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts. (March 30)
- Fritz Henderson on Restoring...New GM CEO Fritz Henderson met today with GM employees here at the RenCen that was also made available to employees around the globe. It was a candid conversation and Fritz didn't mince words ...
Related stories from Digg:
Has G.M. Overextended Its Pension Fund? - NYTimes.com
G.M. has offered early retirement to tens of thousands of workers, raising questions about the fund’s viability.(Business & Finance)
bacilioWed, Jul 1st, 20092 Diggs, 0 CommentsWhite House on GM Bankruptcy.
On March 30, 2009, President Obama laid out a framework for General Motors to achieve viability that required the Company to rework its business plan, accelerate its operational restructuring and make far greater reductions in its outstanding liabilities......(Political News)
MercyPoliticsMon, Jun 1st, 200927 Diggs, 5 CommentsTreasury Department statement on GM Dealer consolidation ann
General Motors initiated the dealer consolidation plan it laid out in its interim plan on April 27, 2009. GM’s announcement is part of the company’s larger effort to restructure to achieve financial viability. The Task Force is continuing to work with GM and all its stakeholders and will stand behind GM during this process(Political News)
steveborenFri, May 15th, 20092 Diggs, 0 Comments
Leave a Reply