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Bankruptcy

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  • Chrysler, Fiat Seek Accelerated Appeals Process Monday, 1 Jun 2009 | 2:12 PM ET

    Chrysler and Fiat have asked a bankruptcy court that approved their merger to shorten the process for appeals and bypass the U.S. District Court, according to a court documents.."

  • Is There Opportunity Hidden in GM's Bankruptcy? Monday, 1 Jun 2009 | 2:07 PM ET

    The stock can only go up, right? Wrong. What about all the deals on GM brands? Let's take a look.

  • GM Dealer - Now What? Monday, 1 Jun 2009 | 1:05 PM ET
    GM auto dealership with sign.

    I'm once again out in Victorville, California, at Greiner Buick-Pontiac-GMC. It's beem just two weeks since my last visit, the day GM notified which dealerships would not have their contracts renewed next year. Greiner survived, and since that day, David Greiner says business has actually picked up, from about two cars sold a day to four.

  • President Barack Obama

    President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.

  • Obama: Taxpayers Are Reluctant Shareholders in GM Monday, 1 Jun 2009 | 12:29 PM ET
    President Barack Obama

    President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.

  • GM, US Auto Industry Will Be Fine: Analyst Monday, 1 Jun 2009 | 11:46 AM ET

    John Wolkonowicz, senior analyst at IHS Global Insight, and Alex Taylor, senior editor at Fortune Magazine, discussed the General Motors’ bankruptcy and the future of the automobile industry.

  • GM Workers Taking in Bankruptcy Effects Monday, 1 Jun 2009 | 10:44 AM ET

    For General Motors workers and others across the nation, reaction to the automaker's historic bankruptcy filing Monday and the effect on their plants and lives ranged from resignation to fear.

  • General Motors to Close 14 Plants, Put 3 on Standby Monday, 1 Jun 2009 | 10:40 AM ET

    General Motors filed for Chapter 11 bankruptcy protection Monday. Following is a list of GM plants that will be put on standby or closed.

  • Once a Key to Recovery, Detroit Adds to Pain Monday, 1 Jun 2009 | 10:08 AM ET
    GM Headquarters

    With General Motors about to follow Chrysler into bankruptcy, the nation’s ability to bounce back from the steep recession is being hobbled, the New York Times reports.

  • GM Headquarters

    Somewhere Walter P. Chrysler and Alfred Sloan are shaking their heads. The men who left an indelible impression on the American auto industry must be watching what will happen today and wonder, "do these guys really have a shot at making it?"

  • Stocks Gain 4.1% in May; GM Now at 75 Cents Friday, 29 May 2009 | 6:49 PM ET

    Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May.  Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.

  • Kudlow: US Now Owns GM, But Won't Get Paid Back Friday, 29 May 2009 | 6:34 PM ET

    Get ready folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70 percent of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.

  • Ford Parts Maker Gets Approval in Bankuptcy Motions Friday, 29 May 2009 | 5:23 PM ET

    Visteon, the top supplier to and a former subsidiary of Ford, filed for bankruptcy protection on Thursday, citing liquidity and debt problems, and turmoil in the automotive industry.

  • Stocks Try to Claw Back; GM Below $1 Friday, 29 May 2009 | 3:23 PM ET

    Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.

  • GM Bailout Has Future Tax Break Worth Billions Friday, 29 May 2009 | 3:02 PM ET
    General Motors Headquarters

    The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion.

  • GM Shares Fall Below $1 as Deadline Approaches Friday, 29 May 2009 | 11:46 AM ET

    Shares of General Motors have fallen below $1 for the first time in 76 years as a Chapter 11 bankruptcy filing for the automaker appears increasingly likely.

  • Stocks Lose Confidence; GM Below $1 Friday, 29 May 2009 | 11:46 AM ET

    Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow.  GM fell below $1.

  • Futures Rise After GDP Report Friday, 29 May 2009 | 8:55 AM ET

    Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.

  • GM Bankruptcy Could Take 90 Days Or More: Official Thursday, 28 May 2009 | 6:00 PM ET
    Empty GM Dealership

    The Obama administration estimates that any GM bankruptcy would take at least 60 to 90 days and perhaps longer, a senior official said.

  • Stocks Jump Over 1% Amid Relief After Auction Thursday, 28 May 2009 | 5:28 PM ET
    Question Marks

    Stocks ended higher Thursday as crude prices climbed after an inventory pare-down and the results of the Treasury bond auction eased concerns about government debt.