Cars
Despite making an impressive comeback in the past three years and having recently started the process of buying back the U.S. Treasury’s shares, General Motors is still facing problems connected with its 2009 bailout.
- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- Federal Judge Approves $120 Million Legal Fees For “old†Gm Lawyers
The U.S. car industry bailout process was a troubled one but at least ended well as both General Motors and Chrysler are in much better shape than two years ago. In fact, GM has even regained its number one spot in world sales. All is well that ends...
- Gm Shares Sink To 76-year Low After Lutz, Stephens And Other Execs Sell Stocks
We think that the phrase that sums up the story here is 'jump ship before it sinks to the bottom of the sea'. As General Motors heads towards bankruptcy or a restructuring that would ultimately wipe out existing shareholders, everyone is looking...
- Gm Shares Fall 16% On Reports For Bankruptcy
As if General Motors isn't in enough trouble already, the company's shares took a steep fall today after several reports including one from the New York Times late on Sunday, claimed that the Obama administration wants the automaker to begin bankruptcy...
- Deutsch Bank: Gm's Shares May Become Worthless
General Motors shares plummeted $1, or 23% to $3.36 on the New York Stock Exchange today-their lowest point since 1949- after a Deutsche Bank AG analyst downgraded the automakers stocks, saying they may be worthless in a year. "Even if GM is able to secure...
Cars
GM Creditors’ Lawsuit Over 2009 Bankruptcy Deal Could Cost Nearly US$1 Billion
Despite making an impressive comeback in the past three years and having recently started the process of buying back the U.S. Treasury’s shares, General Motors is still facing problems connected with its 2009 bailout.
After General Motors Corp., aka the “old†GM, filed for bankruptcy, its best assets were sold to General Motors Co., the “new†GM, and the remainder remained with the “old†company to be liquidated in order to pay back its creditors.
Read more »- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- Federal Judge Approves $120 Million Legal Fees For “old†Gm Lawyers
The U.S. car industry bailout process was a troubled one but at least ended well as both General Motors and Chrysler are in much better shape than two years ago. In fact, GM has even regained its number one spot in world sales. All is well that ends...
- Gm Shares Sink To 76-year Low After Lutz, Stephens And Other Execs Sell Stocks
We think that the phrase that sums up the story here is 'jump ship before it sinks to the bottom of the sea'. As General Motors heads towards bankruptcy or a restructuring that would ultimately wipe out existing shareholders, everyone is looking...
- Gm Shares Fall 16% On Reports For Bankruptcy
As if General Motors isn't in enough trouble already, the company's shares took a steep fall today after several reports including one from the New York Times late on Sunday, claimed that the Obama administration wants the automaker to begin bankruptcy...
- Deutsch Bank: Gm's Shares May Become Worthless
General Motors shares plummeted $1, or 23% to $3.36 on the New York Stock Exchange today-their lowest point since 1949- after a Deutsche Bank AG analyst downgraded the automakers stocks, saying they may be worthless in a year. "Even if GM is able to secure...