Apr 27th, 2009 - Freep
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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...
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General Motors by the numbers
Apr 27th, 2009 - Forbes
General Motors Corp. announced plans Monday to speed up its efforts to slim down its work force and thin its ranks of dealers, with the hopes of returning the company to viability...
GM to announce changes to viability plan Monday
Apr 27th, 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 26th, 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 CEO to provide update on restructuring plan
Apr 26th, 2009 - Reuters
DETROIT, April 26 (Reuters) - General Motors Corp (GM.N)Chief Executive Fritz Henderson is set to provide an update onMonday on the struggling automakers restructuring amid Obamaadministration demands that it move faster and cut deeper.
GM halt to impact more than workers
Apr 23rd, 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...
Related videos from YouTube:
4:18The Case for GM: Ray Young Reports on GM's Viability Plan
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
7:08Ray Young Explains GM's Viability Plan
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, the steps we're taking to restructure even more aggressively ...
6:33Viability Deadline, Fiat 500 Convertible - Autoline Daily 82
GM and Chrysler have to turn their viability plans over to the US Treasury by this evening. Daimler posts a substantial 1.5 billion euro 4th quarter loss. European unions want Opel and Saab spun off of General Motors to potentially avoid plant closures and layoffs ...
9:17The Case for GM: GM CEO Fritz Henderson
GM CEO Fritz Henderson gives an update on GM's viability plan and restructuring 04/17/09. Visit fastlane.gmblogs.com for more information.
