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GM Files For Chapter 11 Bankruptcy; Plants To Close, Dealerships Cut, Holden ‘Unaffected’

TUE, 2 JUN, 2009

THE INEVITABLE for General Motors - America’s 101 year-old vehicle manufacturing colossus, a symbol for generations of Americans and once the wo...

GM Bankruptcy Imminent: UAW Negotiates Agreement But Bondholders Hold Out

THU, 28 MAY, 2009

GM US HAS OVERNIGHT moved one step closer to bankruptcy following the rejection of a debt for equity offer by GM to its bondholders (the banks and...