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General Motors

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Jun 01

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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.

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May 29

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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.

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May 28

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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.

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May 28

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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.

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May 28

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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.

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May 27

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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…

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May 27

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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.

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May 27

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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.

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May 22

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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.

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May 22

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Shields and Brooks Mull Security Debate, Supreme Court Fight

Columnists Mark Shields and David Brooks discuss the impact of President Obama and former Vice President Cheney's security policy speeches and the buildup to the president's announcement of a Supreme Court pick.

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