July 7, 2009

Spring Hill plant may get other GM work

Plant’s flexibility fits shift to lighter vehicles

By G. Chambers Williams III
THE TENNESSEAN
There could be new life for http://www.gm.com/">General Motors’ Spring Hill assembly plant after all, despite a streak of bad news at the Middle Tennessee facility that has left nearly 2,900 workers fearful of losing [...]

NGMCO, Inc, replaces General Motors Corporation, but who minds the store?
 
July 6, 8:09 AM · John Matras – Auto Review Examiner

Now that the federal bankruptcy judge approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc, the future of that carmaker depends on the (almost) three-quarters government ownership plus the UAW [...]

July 6, 2009

What sale means to UAW, taxpayers

BY Greg Gardner
FREE PRESS BUSINESS WRITER
General Motors’ bankruptcy exit carries risks and rewards for a variety of groups. Here’s a brief look at likely impacts on several constituencies:
Shareholders: They are wiped out.
 
Secured lenders: They received the face value of their loans.
 
Unsecured bondholders: They own 10% of [...]

JULY 6, 2009

Economics Wasn’t GM’s Only Criteria for New Plant

 
By NEIL KING JR. and JOHN D. STOLL

When it was deciding where to build its new compact car, General Motors Corp. made a point of saying it would push politics aside and use strictly commercial criteria.
So Tennessee’s three top officials were astonished [...]