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DETROIT (Reuters) - General Motors Corp won a cost-cutting deal from its Canadian labor union Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its ...
A Chinese carmaker submitted an expression of interest for General Motors’ Opel division on Thursday, a day after the deadline for bids, said two people familiar with the matter. It’s unclear whether an actual bid will materialize. The European ...
WASHINGTON: The US government is preparing to steer General Motors into bankruptcy as early as the end of next week, a plan which would provide billions of dollars more in federal funds to the ailing auto maker, says a media report. “The Obama ...
Damien and Tina Porter of Templeton have closed their SLO County Passport magazine and SLO County Sitters babysitting businesses and filed for personal Chapter 7 bankruptcy. They owe hundreds of thousands of dollars to creditors, including banks ...
NEW YORK (Reuters) - General Motors Corp's biggest bondholders plan to reject the company's current offer for a 10 percent equity stake, a spokesman for the creditors said on Friday. The development suggested a hardening of positions by GM ...
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