General Motors' bankruptcy filing lists two agency holding companies and two of the agencies they own as owed $166.5 million collectively, ranking them among the automaker's 50 largest unsecured creditors.
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Buyers not spooked by the specter of the General Motors bankruptcy can snare some decent deals.
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GMAC Financial Services has asked the U.S. Bankruptcy Court to allow it to continue to do normal business with General Motors as the automaker goes through restructuring.
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It's not just for cars. Iveco has signed up to the UK Government's car and van scrappage scheme, which enables customers to scrap a car or van over ten years old and benefit from a GBP2,000 discount against the purchase of a new vehicle.
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Vote for the best-designed car in the Auto Express New Car Awards 2009
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General Motors' U.S. bankruptcy filing will not obstruct plans to sell the company's subsidiaries in Europe -- a process that is advancing while plenty of issues remain unresolved.
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And so it begins: The General Motors Corp. bankruptcy came today, something the federal government is calling a strategic, surgical bankruptcy.
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Here is a list of General Motors' 25 largest creditors, excluding unions and bond holders, according to court documents filed this morning in New York Bankruptcy Court.
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Chrysler, Detroits No. 3 automaker and the first felled into bankruptcy by declining sales and the global economic downturn--is poised to emerge after a judge approved the sale of most of its assets to an entity run by Italys Fiat.
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Given the importance of GM's announcement today, we are also reproducing the full text of GM's press statement:
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Magna has issued a statement saying that it looks forward to working with GM, the German governments and other stakeholders as it seeks to 'turn our concept into a reality'.
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General Motors today released its latest list of impending plant closings as it looks to restructure in bankruptcy. GM did not disclose where it would build the small car it plans to produce in the United States.
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As part of its restructuring under U.S. bankruptcy protection, General Motors today unveiled the 14 production facilities slated to idle or close by year-end 2010. Four assembly plants will close or idle: Wilmington, Del.; Pontiac, Mich.
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President Barack Obama said today that a court's approval of the sale of Chrysler's assets to a group led by Italy's Fiat S.p.A. will allow the automaker to emerge stronger from bankruptcy.
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French unions at tyre maker Continental said on Sunday they had won an agreement from management to give them a minimum pay-off of EUR50,000 (US$69,970) in compensation for the plant's closure.
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General Motors, the largest U.S. automaker and one of the industrial icons that helped define the nations economic growth and prosperity for most of the 20th century, filed for bankruptcy Monday morning in New York.
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Volvo presented a new concept car on Monday that combines a plug-in charged lithium battery with a diesel engine, technology which it aims to have on the market in 2012.
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Three authors who have made names for themselves by exposing General Motors' weaknesses say bankruptcy will provide the best chance for a long-term fix.
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General Motors filed for bankruptcy today, forcing the 100-year-old automaker once seen as a symbol of American economic might into a new and uncertain era of government ownership. The filing is the third-largest in U.S.
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