Search results
Results From The WOW.Com Content Network
GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$82.29 billion in assets and US$172.81 billion in debt.
In a government filing, GM outlined a plan to launch an offering of bonds that will raise money to pay off debt and help fund future green products. GM seeks Green Bond loan to fund past and ...
In 2007, General Motors made a loss of $38.7 billion. In the light of the published losses GM has conceded that it expected auditors to question its future viability when it releases its annual report in March. On the June 1, 2009, General Motors filed for Chapter 11 bankruptcy after failing to successfully negotiate deals with bond holders. On ...
Motors Liquidation Company ( MLC ), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to ...
December 14, 2023 at 8:26 AM. Andrej Sokolow. General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees or 24% of its workforce, the company confirmed to CNBC ...
Last week's $40 billion-plus in new corporate bonds marked the third week in a row for strong borrowing. Here's a summary of some of the deals. The biggest borrower was BHP Billiton's finance arm ...
The Renaissance Center in Detroit, Michigan, is the world headquarters of General Motors.. The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible.
Bowling Green Assembly. / 37.01139; -86.36661. The Bowling Green Assembly Plant is a General Motors automobile factory in Bowling Green, Kentucky. It is a specialized plant assembling GM's Y-body sports cars, the Chevrolet Corvette and formerly the Cadillac XLR. It was first opened on June 1, 1981.