Mon, Apr 27th, 2009
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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 (NYSE: GM) President and CEO Fritz Henderson will host a press conference at 9 a.m. Monday to update the media on the automaker’s revised viability plan, according to an announcement from the company Sunday evening.
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US STOCKS-Wall St pulls back after Chrysler bankruptcy
Apr 26th, 2009 - Reuters
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GM bondholders to present alternate plan
Apr 26th, 2009 - Reuters
DETROIT (Reuters) - Bondholders will present an alternative to General Motors' just-launched debt-for-equity exchange in a deal that would swap a 51-percent stake in a restructured company for $27 billion (18.2 billion pounds) in debt...
GM Bondholders Said to Find Swap Offer Unlikely to Succeed
Apr 26th, 2009 - Bloomberg
April 27 (Bloomberg) -- General Motors Corp. bondholdersfind the automaker’s offer to exchange their $27 billion in debtfor equity unlikely to succeed, according to a person familiarwith the committee representing creditors.
UAW reaches concession deal with Chrysler, Fiat, US Treasury
Apr 26th, 2009 - bizjournals
The United Auto Workers union has agreed to a deal with Chrysler LLC, Fiat SpA and the U.S. Treasury Department for concessions that will help the automaker meet requirements of the government’s bailout loans to 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...
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