Tag: bankruptcy
Saab Confident It Will Get More Time To Restructure
Saab Automobile AB, put up for sale by owner General Motors Corp. (GM), is confident a Swedish court will give it more time to...
GM temporarily closes Mexican plants
Struggling US automotive giant General Motors will temporarily close three of its Mexican plants in May and June, local news media reported. The move is...
Job losses as GM, Chrysler close dealerships
Moves by ailing carmakers Chrysler and General Motors to slash their US dealerships will cost tens of thousands of jobs, taking a heavier toll...
Chrysler closing 789 dealerships
Chrysler LLC will close down 789 dealerships, or roughly 25% of the current number, according to a plan filed in bankruptcy court Thursday. Chrysler had...
GM, union clash as bankruptcy looms for auto giant
General Motors is sparring with its main union over plans to shut US plants and outsource production to Mexico and Asia as bankruptcy looms...
Saab to restructure as independent unit to avoid bankruptcy
Beleaguered Swedish carmaker Saab Automobile will undergo restructuring as an independent unit to stave off bankruptcy after it was abandoned by its owner General...
Saab to request immediate restructuring
Beleaguered Swedish car maker Saab Automobile was to take steps Thursday toward restructuring to stave off bankruptcy after it was abandoned by its owner...
