GM’S ROAD OUT of bankruptcy has been cleared today by US Federal Judge Robert Gerber, who ruled yesterday that the beleagured manufacturer can begin selling its assets to a “New GM” entity.

The ruling is a major boost to GM’s plan to get out of Chapter 11 bankruptcy protection and paves the way for the new [...]

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GM US, in bankruptcy, is seeking approval from a US bankruptcy court to sell its best bits, its most valuable assets… to itself.

Now while this might seem like yet more corporate jiggery-pokery (and there has been a lot of that around), GM CEO Fritz Henderson told the court that sale of GM’s best assets, [...]

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