Jun 01 Retired Auto Workers Ask Union Chief Ron Gettelfinger Their Questions In shooting a story on the GM bankruptcy that will air tonight, we asked a group of United Auto Worker retirees to put their questions directly to UAW President Ron Gettelfinger. Here are their… Continue reading
Jun 01 GM Files for Bankruptcy Protection; Judge OKs Chrysler Asset Sale By Admin, PBS News Hour General Motors, a longtime cornerstone of American industrial power, filed for bankruptcy protection Monday morning and embarked on a broad restructuring, paving the way for the struggling automaker to receive another $30 billion in taxpayer aid. Continue reading
May 29 Watch Other News: GM Closes in on Restructuring Deadline In other news, General Motors neared a deadline to submit a restructuring plan and markets rose at the close of the week on Wall Street. Continue watching
May 28 Watch UAW’s Gettelfinger Gives Union Take on Auto Deals As GM moves closer to a reorganization plan, UAW President Ron Gettelfinger gives the union's perspective on the recent plans to boost the struggling auto industry. Continue watching
May 28 Watch GM Bondholders Strike a Deal As Bankruptcy Deadline Looms As a bankruptcy deadline looms for General Motors, major bondholders agreed to a deal that offers them a 25 percent stake in the company if they drop opposition to the company's reorganization plan. A reporter explains the negotiations. Continue watching
May 28 As GM Deadline Nears, Bondholders Back New Stock Deal By Admin, PBS News Hour General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize. Continue reading
May 27 Watch News Wrap: GM Moves Closer to Bankruptcy In the day's other news, General Motors moved one step closer to bankruptcy as bondholders rejected the company's offer to trade bond debt for G.M. stock, and Chrysler's lawyers asked a federal bankruptcy court to allow it to sell the… Continue watching
May 27 Watch GM Bankruptcy Would Mark Milestone in Industrial America After the rejection of General Motors' offer to trade bond debt for company stock, analysts consider what a GM bankruptcy says about the company and the auto industry generally. Continue watching
May 27 After Bond Deal Fails, Bankruptcy Likely for GM By PBS News Hour An offer by General Motors to its bondholders to trade bond debt for company stock fell through just days before the company must submit a government-ordered restructuring plan. Continue reading
May 22 Watch As Deadline Nears, GM May be Headed for Bankruptcy Kwame Holman provides an update on reports that General Motors is likely to file for bankruptcy and that Chrysler is looking to conclude its bankruptcy proceedings. Continue watching