Saturday, July 4, 2009
Beijing Auto makes GM offer on Opel
Magna plan still on the table; bid gives carmaker second option
Detroit News staff and wire services
General Motors Corp. has increased its negotiating options for its German subsidiary Adam Opel GmbH by obtaining a second offer from Beijing Automotive Industry Corp.
GM is in talks to transfer control [...]

GM’s fate now rests in hands of bankruptcy judge
 
Bondholders call deal ‘Chapter 11 nationalization’
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Automotive News | July 2, 2009 – 11:31 am EST
 

NEW YORK (Reuters) — A federal bankruptcy judge will decide the immediate fate of General Motors’ effort to quickly sell its best assets to a group funded by the U.S. government, after a [...]