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Nardelli said the automaker has adequate

Nardelli said the automaker has adequate debtor-in-possession financing and a court-authorized process to transfer 1,200 suppliers to the new company, and some companies have already mailed back signed contracts "paving the way for the resumption of production and the normalization of operations."Those involved with the case say Gonzalez has been...
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mlechno 27/05/2009 21:28:49 [komentarzy 0] Komentuj

Contech LLC sought bankruptcy protection

Contech LLC sought bankruptcy protection in January in Detroit after it had been acquired in 2007 by investment firm Marathon Asset Management LLC. It has nine U.S. plants, with its Walled Lake plant responsible for much of its revenue.....
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mlechno 27/05/2009 21:28:38 [komentarzy 0] Komentuj

Analysts and industry experts said they expect GM

Analysts and industry experts said they expect GM will be unable to lure enough bondholders, who have complained the offer is unfair, considering the UAW and the U.S. Treasury Department, which has lent the automaker $15.4 billion, would be awarded 89 percent of the equity in a restructured GM..

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mlechno 27/05/2009 21:06:50 [komentarzy 0] Komentuj

"Chrysler has been in a state of flux

"Chrysler has been in a state of flux, and the faster it gets a defined path and a portfolio of vehicles, the better," said Michael Robinet, vice president of global vehicle forecasts with CSM Worldwide in Northville.But it all hinges on the outcome of a hearing that starts at 10 am Wednesday in New York when Gonzalez hears a motion to sell the...
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mlechno 27/05/2009 21:06:38 [komentarzy 0] Komentuj

A 14-year employee of Saturn of Denver

A 14-year employee of Saturn of Denver and a 16-year Saturn owner, Collins is credited for reviving interest in the mission of Saturn and reminding executives of the passionate fans who have kept it alive.Her efforts have been tied to General Motors' decision in February to spin off the company and sell it rather than kill it....
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mlechno 27/05/2009 20:12:44 [komentarzy 0] Komentuj

Collins felt distraught after

Collins felt distraught after listening to a dealer conference call in December. Everyone seemed to have given up.So she wrote a letter highlighting the history of the brand, the love of those who founded the company and the commitment of those who sell and drive the vehicles....
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mlechno 27/05/2009 20:12:30 [komentarzy 0] Komentuj