Monday, June 01, 2009
General Motors files for bankruptcy
GENERAL MOTORS FILES FOR BANKRUPTCY
General Motors Co. files for bankruptcy Monday morning, after months of
speculation and attempts by the government to help the 100-year-old company.
QUARTER MILLION JOBS COULD BE LOST IN BANKRUPTCIES
Once-mighty GM has shrunk so much that its bankruptcy may be hardly
noticed by an economy that has much bigger problems.
BANKRUPTCY JUDGE OK'S CHRYSLER SALE TO FIAT
The revamped Chrysler could exit bankruptcy as soon as Monday after a
U.S.bankruptcy court overseeing its Chapter 11 proceeding cleared a $2
billion transaction in connection with the deal involving Italy's
Fiat.
FORD'S SURVIVAL STRIKES A CHORD WITH CONSUMERS
The specter of a potential bankruptcy from
General Motors Corp. has given rival Ford Motor Co. a leg up in recent
monthsas new-car shoppers have leaned toward the more stable of the
two companies.
