GM advisers, Obama’s auto team to meet BY TIM HIGGINS • FREE PRESS BUSINESS WRITER • March 4, 2009 Advisers to General Motors Corp.’s bondholders committee, which has been negotiating with the automaker, are expected to meet Thursday with the Obama administration’s auto task force about ways to restructure the company’s unsecured debt, the [...]
Thursday, March 5, 2009 GM auditors raise doubts on automaker’s viability Robert Snell / The Detroit News DETROIT — General Motors Corp. says there is "substantial doubt" about the company’s ability to continue as a going concern, according to a regulatory filing today. An independent audit done by GM’s accounting firm found "our recurring losses [...]
Blaming GM to fit Washington’s skewed view queryvar=”blaming,gm,to,fit,washington’s,skewed,view”; Edward Lapham Automotive News | March 3, 2009 – 11:17 am EST It isn’t obvious yet whether the Obama administration’s auto industry task force will save the world. But one thing is clear: White House chief of Staff Rahm Emanuel ought to do his homework [...]
Automotive News | March 4, 2009 – 1:03 pm EST Ohio supplier seeks court approval to cancel GM contracts queryvar=”ohio,supplier,seeks,court,approval,to,cancel,gm,contracts”; CLEVELAND (Reuters) — Aluminum supplier Aleris International Inc., which filed for Chapter 11 bankruptcy last month, has sought approval from a U.S. bankruptcy court to reject four purchase contracts with General Motors, saying [...]
Toyota Reveals Limits of Great Southern Jobs Scam (Hilarious!!! Senators Corker, Vitter, McConnell, and that SOB Shelby can all eat their heart out!!! Couldn’t happen to a more deserving company!) Last month, Toyota made a decision that didn’t get a lot of press, but sent ripples of concern through state houses across the [...]
