General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy Monday and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement tonight.
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BreakingNews: (BNO NEWS) — GM to file for bankruptcy on Monday; will close 11 plants; massive layoffs expected: http://adjix.com/efg7
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DETROIT/WASHINGTON (Reuters) – General Motors Corp will file for bankruptcy on Monday as the U.S. government attempts to revive the 100-year-old automaker once seen as the symbol of American economic might and dynamism. Read more…
BreakingNews: BULLETIN — U.S. GOVERNMENT TO TAKE 60 PERCENT OWNERSHIP STAKE IN GM; CANADA AND ONTARIO TO RECEIVE 12 PERCENT.
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BreakingNews: BULLETIN — GENERAL MOTORS WILL CLOSE 11 PLANTS AND IDLE 3 OTHERS.
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BreakingNews: BULLETIN — GENERAL MOTORS TO FILE FOR SECTION 363 OF THE BANKRUPTCY CODE, BNO NEWS CONFIRMS.
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Suppliers with outstanding receivables not covered by last Thursday’s $2 billion early payment by General Motors are likely to be paid even if the automaker files for bankruptcy, which is expected tomorrow.
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BreakingNews: KTNV-TV: Nevada became the 17th state to recognize the relationships of gay and lesbian couples under state law.
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BreakingNews: URGENT — GM to file for bankruptcy; to close 11 plants; U.S. to provide 30.1 billion dollars more: http://adjix.com/6hj9
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