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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Robert Gerber, the federal bankruptcy judge assigned to the General Motors case, has overseen plenty of major, complex bankruptcy cases, but perhaps none as complicated as that of GM's.
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Judge Robert E. Gerber will oversee the bankruptcy of General Motors, filed at 7:57 a.m. today. Gerber, 62, became a judge for the U.S. Bankruptcy Court for the Southern District of New York in 2000.
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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.
Full story...
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.
Full story...
The decision to push General Motors into a fast-track bankruptcy and revive the failed American industrial icon with unprecedented federal funding and oversight marks a huge gamble for the Obama administration.
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Japan's top finance bureaucrat Kazuyuki Sugimoto said on Monday that problems at General Motors were not causing major turmoil for the Japanese auto sector.
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With General Motors following Chrysler today onto the rust heap of tarnished brands, there are plenty of shoulda-coulda-wouldas to be found.
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Even if General Motors and Chrysler LLC emerge swiftly from bankruptcy this summer, the Obama administration's autos task force will stay in business -- shifting to an investment manager role.
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General Motors filed for Chapter 11 bankruptcy today, capping an eight-month saga that began with a rejection of the possibility as "exaggerated."
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A US bankruptcy court judge has approved the sale of substantially all of Chrysler's assets to a group led by Fiat hours before an expected bankruptcy filing by General Motors.
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Time is up for General Motors as it gets ready to file for Chapter 11 bankruptcy
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Time is up as General Motors files for Chapter 11 bankruptcy
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General Motors filed for bankruptcy today, entering a new and uncertain era of government ownership.
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General Motors could file for bankruptcy at the US Bankruptcy Court in the Southern District of New York as early as 8am EST (1pm UK time) today (1 June), media reports said.
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A U.S. bankruptcy judge on Sunday approved the sale of most of Chrysler LLC's assets to a group led by Italy's Fiat S.p.A. The OK came hours before an expected bankruptcy filing by General Motors.
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General Motors' bankruptcy filing today, plus a massive U.S. Treasury debt issuance this year, will drive up the cost of capital at least in the short term, threatening the incipient economy recovery, managers say.
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General Motors and the U.S. government finalized plans Sunday for the company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker.
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The Obama Administration took General Motors into Chapter 11 bankruptcy today and moved quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement.
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