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General Motors is on the fast track to bankruptcy: DETROIT/BERLIN (Reuters) – General Motors Corp appeared to clear a major hurdle on its way to filing the kind of bankruptcy it favors on Thursday by persuading major bondholders to accept a sweetened deal — even as talks over the ...
Now he tells us: GM’s New CEO: Bankruptcy May Be Best Option for Automaker. General Motors’s new chief executive told CNBC that filing for Bankruptcy may be the best option for the struggling automaker. In a taped interview to be aired tonight on NBC Nightly News, Fritz Henderson said ...
Economy, Finance, Business, Financial Crisis, General Motors, Auto Industry
General Motors CEO Rick Wagoner has presided over a steady decline in sales and market share for the past 8 years, and now Barack Obama has asked him to step down as part of the plan to restructure the auto industry. The Obama administration asked Rick Wagoner, the chairman ...
Economy, Finance, Business, Financial Crisis, General Motors, Auto Industry