Tag: bankruptcy
Delphi wins approval to exit bankruptcy
Delphi, the former auto parts arm of General Motors, said Thursday a judge approved its plan to exit bankruptcy protection and that it expects...
GM sells Hummer brand to Chinese firm
General Motors, fresh from filing for bankruptcy protection, reached a deal to sell its Hummer brand to a Chinese industrial machinery firm, Sichuan Tengzhong,...
Ford to boost production as it gains US market share
Ford Motor Co. said Tuesday it will increase production after it managed to boost its market share to the highest point in three years...
GM, Citi make way for Cisco, Travelers in Dow
Bankrupt General Motors will be replaced by networking giant Cisco Systems in the Dow Jones industrials index and ailing bank Citigroup will make way...
GM files for bankruptcy
General Motors filed for bankruptcy protection Monday, culminating the collapse of the automaker that once symbolized American global industrial might. The filing in the same...
Opel deal must help Russian car industry
Russian Prime Minister Vladimir Putin told executives Monday that the rescue of German carmaker Opel by Canada's Magna and Russian state-owned bank Sberbank must...
Execs urge “exit strategy” for auto takeovers
With bankruptcy and a government takeover looming for auto giant General Motors, three prominent US business leaders cautioned Sunday that the government should get...
GM bondholders ‘approve debt restructuring deal’
Ailing General Motors moved closer Sunday to its expected bankruptcy filing as company bondholders approved a government-sponsored debt for equity deal, The New York...
Germany rescues Opel, for now
Germany has ensured that Opel's tens of thousands of workers will still have a job on Monday when its once-mighty US parent General Motors,...
GM reaches cost-cutting deal with Canadian union
The Canadian Auto Workers union reached agreement with General Motors to reduce labor costs, paving the way for authorities to further fund the ailing...