GMAC Responds to GM's Sale Approval
7 Jul 2009, 06:46 UTC · By: Daniel Patrascu / Finance company GMAC has issued a somewhat ironic statement yesterday, in response to the bankruptcy's court approval of the GM asset sale. The bank holding commends the approval and explains w...
Accident Litigants Challenge GM's Sale
6 Jul 2009, 15:06 UTC · By: Daniel Patrascu / The four day window granted by Judge Robert Gerber to complete the sale of GM's assets over to the new company has left a group of accident litigants involving GM vehicles room to file a notice...
GM Is Dead, Long Live General Motors Company
6 Jul 2009, 08:00 UTC · By: Daniel Patrascu / As we told you earlier today, the bankruptcy court has approved the sale of GM's assets to the new company, opening the door for the American manufacturer to exit Chapter 11. General Motors has...
GM Assets Sale Approved
6 Jul 2009, 06:01 UTC · By: Daniel Patrascu / Much sooner than expected, the sale of GM's assets to the new company has been approved yesterday by Judge Robert Gerber of the U.S. bankruptcy court in Manhattan. The judge motivated his decis...
GM Awaits Its Fate
3 Jul 2009, 10:44 UTC · By: Daniel Patrascu / All that could be done has been done... The three day long hearing of GM's case in bankruptcy court ended and now the American manufacturer is awaiting the approval of assets sale over to the n...
GM's 72-Hour Sale
1 Jul 2009, 07:15 UTC · By: Daniel Patrascu / General Motors announced today it will begin two sales offers in July, namely the 72-hour sale and the Say Goodbye, the latter based on the recently approved Car Allowance Rebate System (CARS). The ...
GM Investors Denied "Official" Status
24 Jun 2009, 13:29 UTC · By: Daniel Patrascu / A group of small investors who requested to be granted the role of official committee in GM's bankruptcy case received a negative answer today from a US bankruptcy court judge, as he dismissed ...
Saab Gets Debt Writedown
17 Jun 2009, 12:45 UTC · By: Daniel Patrascu / Things are beginning to get back on track for Swedish manufacturer Saab, after months and months of uncertainty. Following yesterday's announcement that Koenigsegg will buy the company, Saab ma...
Chrysler Sale Delayed
9 Jun 2009, 09:50 UTC · By: Daniel Patrascu / As we told you yesterday, Chrysler was facing its final exam before proceeding to the sale of its assets over to the new company, led by Fiat. They had to get the Supreme Court's approval to be...
Holden Owner Says Company Not for Sale
9 Jun 2009, 07:56 UTC · By: Bogdan Popa / Even if the parent company, General Motors, filed for bankruptcy in the United States, Australian automaker Holden will not be sold, similar to other assets owned by the American manufacturer. This ...
Stop the Chrysler Sale, Final Act
8 Jun 2009, 07:40 UTC · By: Daniel Patrascu / After the last attempt to stall the sale of Chrysler's assets over to the new company was rejected on Friday, the three Indiana state funds which opposed the sale came back on Sunday and moved ...
Confirmed: Penske Takes Over Saturn
5 Jun 2009, 14:58 UTC · By: Daniel Patrascu / As was to be expected since the early hours of the day, the official confirmation of Penske's takeover of Saturn came from GM. The catch phrase of the deal: save some 13,000 jobs from some 350 ...
D-Day for Chrysler
5 Jun 2009, 07:17 UTC · By: Daniel Patrascu / As we told you in our previous reports, a US federal appeal court will hear today the case of a group of Indiana pension funds against the projected sale of Chrysler's assets over to the new co...
Chrysler Sale Challenged, Delay Possible
3 Jun 2009, 14:06 UTC · By: Daniel Patrascu / As was to be expected, the sale of Chrysler's assets to the new company will be anthing but smooth. The sale process, already approved, has been challenged by a group of Indiana pension funds t...
GM Signs MoU to Sell Hummer
2 Jun 2009, 12:14 UTC · By: Daniel Patrascu / Bankrupt American manufacturer GM has announced it has entered a memorandum of understanding (MoU) with an undisclosed party to sell its Hummer brand. The sale is expected to be completed by the end...
Court Approves Sale of Chrysler's Assets to Fiat - Nardelli's Reaction
1 Jun 2009, 13:52 UTC · By: Bogdan Popa / As we told you earlier this day, the United States Bankruptcy Court Southern District of New York okayed the sale of Chrysler's assets to a new entity formed with Fiat, which means the American...
GM Preps for Section 363 Sale
28 May 2009, 14:44 UTC · By: Daniel Patrascu / With a final decision regarding its future only days away, American manufacturer GM has started setting up scenarios to see how the company can exit bankruptcy as fast and as safely as possible. The...
Chrysler's Sale, On as Planned
21 May 2009, 12:54 UTC · By: Daniel Patrascu / The sale of Chrysler's assets to Fiat will continue, despite the opposition of several parties, including dealers, lenders and state or retiree pension funds. Today, a bankruptcy court rejected...
Court Approves Chrysler Bidding Procedures
6 May 2009, 06:56 UTC · By: Daniel Patrascu / Despite the opposition of some of Chrysler's lenders, the Manhattan bankruptcy court approved the company's bidding procedures. This will allow the American manufacturer to step up the sal...
The Porsche Wars: Porsche Vs Piech
4 May 2009, 12:02 UTC · By: Daniel Patrascu / Strange reports surfaced over the weekend, stating that the German luxury sports car manufacturer Porsche will be sold to Volkswagen, as part of an attempt to cut the debt of both the Piech and Pors...