Thu, Jul 2nd, 2009
July 3 (Bloomberg) -- General Motors Corp.’s battle withcreditors over its reorganization neared an end yesterday,leaving it up to a bankruptcy judge to decide the fate of a planto create a streamlined carmaker by selling its best assets to agroup led by the U.S. Treasury.
U.S. Bankruptcy Judge Robert Gerber in New York ended ahearing on the proposed sale without indicating when he wouldmake a ruling. GM lawyer Stephen Karotkin told Gerber he plannedto deliver a revised sale order, including changes to resolveobjections, by tomorrow, for the judge to consider.
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WASHINGTON (Reuters) - General Motors Corp has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion over the remainder of the year, a senior U.S...
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A New York bankruptcy judge on Sunday approved the sale of General Motors' primary assets to a new company led by the U.S. government, the company said Monday. Judge...
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* GM seeks court approval for sale * Government will not extend funding past July 10 * Government sees GM IPO in 2010 (Adds GM lawyer comments, further arguments for Thursday) NEW YORK...
GM gets final OK for $33.3 bln bankruptcy loan
Jun 25th, 2009 - guardian.co.uk
* GM allowed to access rest of DIP loan * Asbestos claimants pull request for official committee (Updates with details from hearing) NEW YORK, June 25 (Reuters) - General Motors received finalcourt approval on Thursday to borrow up to $33.
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