General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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General Motors on Monday will name Al Koch as chief restructuring officer, according to a source familiar with the effort.
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The Obama Administration expects to take General Motors into Chapter 11 bankruptcy Monday and quickly get the carmaker out with $30.1 billion in bankruptcy financing, the White House said in a statement tonight.
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In vehicle showrooms across the U.S., questions about the future of auto giant General Motors Corp. add to the usual haggling and give-and-take.
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For decades, unionized manufacturing jobs have been considered the surest path to middle-class prosperity and realizing the vaunted American dream for blue-collar workers. The UAW helped make that dream a reality.
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Last-minute details are being worked out between local German governments and a Canadian auto parts giant in its effort to acquire GM’s Germany-based Opel unit.
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General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
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General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.’s chief sales analyst said. That would be the highest rate since January’s 9.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.’s chief sales analyst said. That would be the highest rate since January’s 9.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co’s chief sales analyst said.
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