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Nardelli said the automaker has adequateNardelli 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...czytaj więcej
mlechno 27/05/2009 21:28:49 [komentarzy 0] Komentuj
Contech LLC sought bankruptcy protectionContech 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.....czytaj więcej
mlechno 27/05/2009 21:28:38 [komentarzy 0] Komentuj
Analysts and industry experts said they expect GMAnalysts 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.. |