In Surprise Move, GM Forces Government to File for Bankruptcy
Economists said the U.S. would need to dump underperforming programs and states, then reemerge as a smaller nation.
Gm Bankruptcy
GM Bankruptcy Almost Inevitable, Experts Say
AP | TOM KRISHER | Posted 06.10.2009 | Business
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DETROIT — For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable. To ...
GM posts $6B 1Q loss, spends $10.2B in cash
Yahoo! Finance | Tom Krisher and Kimberly S. Johnson | Posted 06.07.2009 | Home
DETROIT (AP) -- General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the wounded auto...
Grand Theft Automaker
Stuart Whatley | Posted 05.31.2009 | Business
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Nobody expects the administration to right the world economy in a day, but what it can do is make sure each who is owed gets his fair share of the pie.
GM Employee Stock Fund Dumps All Company Shares As Bankruptcy Threatens
AP | Posted 05.26.2009 | Business
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WASHINGTON - The manager of General Motors' employee stock fund has sold off all remaining shares of the troubled auto maker, which is closing plants ...
GM Spent $2.8M Lobbying Government In The First Quarter
AP | DAN STRUMPF | Posted 05.22.2009 | Business
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NEW YORK — General Motors Corp. spent $2.8 million lobbying the U.S. government in the first three months of 2009, while the company was survivi...
GM Bankruptcy: It's Up To A Judge
New York Times | JONATHAN D. GLATER | Posted 05.18.2009 | Business
Any hope of a high-speed bankruptcy by General Motors faces a serious obstacle: a judge -- not the Obama administration, not G.M. management and not t...
Treasury Pushes For Possible 'Surgical' Bankruptcy For G.M. By June 1
New York Times | MICHELINE MAYNARD and MICHAEL J. De La MERCED | Posted 05.13.2009 | Business
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DETROIT -- The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite G.M.'s publ...
The Road to Capitalism 2.0 (from G20 to GM)
Tantan Pablo | Posted 05.09.2009 | World
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If the economical model that defined the 20th century is about to dive into a new stage, there is one thing we can all agree on: although a useful metaphor, "Capitalism 2.0" would be a horrible name.
GM In "Intense" Preparations For Bankruptcy: Report
Reuters | Chelsea Emery and Soyoung Kim | Posted 05.08.2009 | Business
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General Motors Corp is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reute...
GM Speeds Up Bankruptcy Plans
Bloomberg | Jeff Green | Posted 05.07.2009 | Business
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General Motors Corp. is speeding up preparations for a possible bankruptcy filing even as directors seek deeper savings this week to avoid that outcom...
GM Says It's Willing To File For Bankruptcy In Regulatory Filing
New York Times | MICHELINE MAYNARD | Posted 05.03.2009 | Business
General Motors stated in a regulatory filing to the Treasury Department on Thursday that it is prepared to file for bankruptcy protection if it canno...
The Double-Standardization Of Double Standards
Stuart Whatley | Posted 05.02.2009 | Politics
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Surely there is nothing new about double standards in business and finance, especially in the current crisis. In fact, there may even be a rising double standard for what constitutes a double standard.
U.S. Threatens Bankruptcy For GM, Chrysler
Wall Street Journal | JEFFREY MCCRACKEN, JOHN D. STOLL and NEIL KING JR. | Posted 04.30.2009 | Politics
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The Obama administration, wading deeply into the U.S. auto industry, is weighing an aggressive fix for General Motors Corp. and Chrysler that would di...
Motown Misery
Joe Peyronnin | Posted 04.30.2009 | Business
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Nothing will change unless the Detroit culture changes back to what it once was -- entrepreneurial, creative, innovative, market savvy and cost effective.
GM CEO: Bankruptcy Would Cause Liquidation
AP | TOM KRISHER | Posted 04.17.2009 | Business
DETROIT — If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long ba...
GM's auditors raise the specter of Chapter 11
AP | TOM KRISHER | Posted 04.05.2009 | Business
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DETROIT — Of all the words in General Motors Corp.'s 402-page annual report, none is more jarring than two written by the company's auditors: "s...
Toyota Projects First-Ever Annual Loss; Congress Disses Detroit
Steve Parker | Posted 01.23.2009 | Business
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Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.
What's Good for GM is Good for Toyota
Daniel Hernandez | Posted 01.16.2009 | Business
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By slashing the tires of the auto bailout, Shelby and McConnell have undone decades of image building by Toyota.
Analysts: GM Bankruptcy Would Be Catastrophic For Economy
Reuters | Lucia Mutikani | Posted 01.13.2009 | Business
A General Motors bankruptcy would push the U.S. economy deeper into recession and cause a labor market catastrophe, highlighting why the government ha...
Auto Bailout Failure Could Mean The End For GM, Chrysler
HuffPost, NYT, WSJ | Posted 01.11.2009 | Business
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The failure of the auto bailout in the Senate could mean the collapse of GM and Chrysler by the end of this month, according to several reports. The ...
80% Of Consumers Won't Buy A Car From A Company That Files Bankruptcy
Jane Hamsher | Posted 01.05.2009 | Politics
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Nobody on cable news seems to think that consumers will have any problem buying cars from a company that has filed for bankruptcy.
GM: Bankruptcy Not An Option For Industry
AP | TOM KRISHER and KIMBERLY S. JOHNSON | Posted 01.03.2009 | Business
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DETROIT — Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers vot...
GM: Bankruptcy Is Not A Viable Option
AP | TOM KRISHER | Posted 12.23.2008 | Business
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DETROIT — General Motors Corp.'s board of directors does not consider bankruptcy protection a viable option to solve the company's financial tro...
General Motors Board: Bankruptcy An Option
Reuters | Posted 12.23.2008 | Business
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The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the...
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Roy Rivenburg | Posted 06.12.2009 | Comedy