Apr 27th, 2009 - bizjournals
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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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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 Bondholders Said to Find Swap Offer Unlikely to Succeed
Apr 27th, 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 27th, 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 set to reveal viability plan details today
Apr 27th, 2009 - Freep
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...
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...
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 ...
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 ...
1:09Fritz Henderson on Restoring Confidence in GM
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 ...
