General Motors has once again used its Fastlane Blog (go blogs!) to defend itself from those would prefer it just enter into bankruptcy via a Chapter 11 reorganization.
The solution hinges on the old, pre-bankruptcy GM, and the new company that emerged afterward. While the name is the same, on paper they are technically different firms. According to Automotive ...
Tesla is losing its wow factor. Boss Elon Musk has long relied on hyperbolic predictions to pump up the electric-car maker’s ...
the stock becomes worthless because shareholders have no claims on GM assets in bankruptcy court. The stock (symbol GM) was unchanged on June 1, closing at 75 cents. The unlikely steadiness in GM ...
A few years before the 2009 General Motors bankruptcy eliminated the Pontiac Motor Division, some of the true believers at GM made an attempt to infuse some old-school Pontiac excitement into the ...
But if you rewind the clock to the 2000s, the names become a lot weirder. Prior to the bankruptcy in 2009, GM experimented with performance sub-brands for nearly its entire portfolio, including ...
General Motors is shuttering a factory in Shenyang, China, as part of a company restructuring. The closure comes as Chinese automakers gain market share, leading to restructuring charges for GM.
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced ...
Lenzen sat through a conference call with GM Monday morning after rumors of the bankruptcy filing were publically confirmed. Another conference call was scheduled with dealers on Tuesday afternoon.
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