Mon, Apr 27th, 2009
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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.




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