Cars
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 proceedings by 1 June. The firm's shares dropped 33 cents or 16 percent, to $1.71 this afternoon in New York Stock Exchange composite trading. GM, which is currently surviving thanks to $13.4 billion of emergency government loans, supports that it can still reorganize without filling for bankruptcy.
- Detroit City Goes Bust, Files For Bankruptcy
The once great city of Detroit, the heart of American manufacturing and automobiles, just can’t get a break. At the same time the big three - General Motors, Chrysler and Ford, begin to view the future more optimistically following the bankruptcy...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- 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 Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
Cars
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 proceedings by 1 June. The firm's shares dropped 33 cents or 16 percent, to $1.71 this afternoon in New York Stock Exchange composite trading. GM, which is currently surviving thanks to $13.4 billion of emergency government loans, supports that it can still reorganize without filling for bankruptcy.Via: BBC
- Detroit City Goes Bust, Files For Bankruptcy
The once great city of Detroit, the heart of American manufacturing and automobiles, just can’t get a break. At the same time the big three - General Motors, Chrysler and Ford, begin to view the future more optimistically following the bankruptcy...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- 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 Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...