General Motors Bankruptcy - Business ExchangeMost Active Articles2009-11-26T02:42:16.442-05:00Business ExchangeBusiness_Exchange@businessweek.comurn:com:businessweek:bx:topic:most-active:general-motors-bankruptcyJessica Sibleyjsibley623G.M. Plans to Decide Saab’s Fate Next Weekurn:com:businessweek:bx:article:4178642198282892786-b3c750162e9775116ed12dbe1b55d6702009-11-24T20:46:12.540-05:00DETROIT — General Motors said it could decide next week to close its Saab Automobile unit after the Swedish company that planned to buy the brand backed out.DETROIT — General Motors said it could decide next week to close its Saab Automobile unit after the Swedish company that planned to buy the brand backed out.New York Timeshttp://www.nytimes.com/2009/11/25/business/global/25saab.htmlThomas Huynhthuynh3811001GM Generates $3.3 Billion, Will Start Repaying Loans (Update2)urn:com:businessweek:bx:article:10464721855620735617-ffd0ce46eac8e127554ec73015520dc62009-11-16T15:16:53.388-05:00Nov. 16 (Bloomberg) -- General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early. Cash on hand was $42.6 billion at the...Nov. 16 (Bloomberg) -- General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early. Cash on hand was $42.6 billion at the...bloomberg.comhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aBxkt_GPO_Zg&pos=4Charles Dubowcdubow602161600GM Generates $3.3 Billion, Will Start Repaying Loansurn:com:businessweek:bx:article:10464721855605249754-2eb228ef4222ea59329ce6973759e24b2009-11-16T10:40:05.693-05:00General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early. Cash on hand was $42.6 billion at the...General Motors Co., signaling confidence in its recovery from bankruptcy, said it generated $3.3 billion in cash in the third quarter and plans to start repaying government loans early. Cash on hand was $42.6 billion at the...bloomberg.comhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aBxkt_GPO_Zg&pos=3Terence Rosetrose8553300Detroit, D.C.urn:com:businessweek:bx:article:6181857360025608649-4369f8a5238b8d36b96495cac07b98732009-11-15T19:13:17.028-05:00Not a day goes by without more news about Detroit's beleaguered automakers. While each new development is notable in and of itself, I find it more telling to take a few steps back and look at the big picture. Below are a few clips from selected Wall...Not a day goes by without more news about Detroit's beleaguered automakers. While each new development is notable in and of itself, I find it more telling to take a few steps back and look at the big picture. Below are a few clips from selected Wall...business-strategy-innovation.comhttp://www.business-strategy-innovation.com/2009/11/detroit-dc.htmlBraden Kelleybkelley0340000Opel workers not likely to get their 'AG' statusurn:com:businessweek:bx:article:7391632191537672450-67f461193ef90bfb8c445fd893ccae0e2009-11-13T13:32:17.703-05:00CEO Fritz Henderson, trying to soothe Adam Opel GmbH employees infuriated by General Motors Co.'s decision to retain Opel, says he's willing to give the unit a certain amount of autonomy. "The business will have both the authority and the independence to be successful," he said after two days of meetings at Opel's headquarters in Rüsselsheim, Germany.CEO Fritz Henderson, trying to soothe Adam Opel GmbH employees infuriated by General Motors Co.'s decision to retain Opel, says he's willing to give the unit a certain amount of autonomy. "The business will have both the authority and the independence to be successful," he said after two days of meetings at Opel's headquarters in Rüsselsheim, Germany.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/11/_adam_opel_gmbh_employees.phpBrennen Wysongbwysong5981100GM CEO in Germany to talk about fixing Opelurn:com:businessweek:bx:article:10714247942114293056-afa6ca5f3501fab6e8b57e0ffee045552009-11-09T15:50:23.702-05:00General Motors Co. CEO Fritz Henderson kicked off a sales challenge worthy of the slickest used car dealer on Monday, traveling to Germany to meet with leaders of the company's Adam Opel GmbH unit to discuss the European automaker's future inside of GM.General Motors Co. CEO Fritz Henderson kicked off a sales challenge worthy of the slickest used car dealer on Monday, traveling to Germany to meet with leaders of the company's Adam Opel GmbH unit to discuss the European automaker's future inside of GM.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/11/gms_henderson_heads_to_germany.phpBrennen Wysongbwysong5983300What statement is GM making? (Dealscapeurn:com:businessweek:bx:article:11090915726075304991-5ffdebd39af2ff6ee43b65e2a5cd95512009-11-04T14:46:09.601-05:00General Motors Co.'s decision to renege on its plan to sell its Adam Opel GmbH European unit to Canadian auto parts maker Magna International Inc. (NYSE:MGA) is a strong statement from the board that it is running the show at GM, not the U.S.General Motors Co.'s decision to renege on its plan to sell its Adam Opel GmbH European unit to Canadian auto parts maker Magna International Inc. (NYSE:MGA) is a strong statement from the board that it is running the show at GM, not the U.S.thedeal.comhttp://www.thedeal.com/dealscape/2009/11/general_motors_cos_decision_to.phpBrennen Wysongbwysong5989900GM revamps Opel management for restructuringurn:com:businessweek:bx:article:9382188618450771590-2e4f2109b60baec43910aa92fc1f93212009-11-06T17:00:00.729-05:00General Motors Co. appears set to bring in a new team to lead the overhaul of its German Adam Opel GmbH unit.General Motors Co. appears set to bring in a new team to lead the overhaul of its German Adam Opel GmbH unit.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/11/general_motors_revamps_opel_ma.phpBrennen Wysongbwysong5984400Like General Motors, Cisco blogs a dealurn:com:businessweek:bx:article:12480994192980856448-9353c1866f28f03d4136c3e65ce2a4182009-11-05T15:44:17.379-05:00Like a lot of other folks, we followed the twists and turns in the saga of General Motors Co. and its Adam Opel GmbH unit partly through the blog postings of John Smith, GM group vice president for Europe and lead negotiator on the planned divestiture. Having noted the unusual phenomenon of Smith's social-media updates in our own blogs, on Oct. 26 we published a more ambitious story on them by senior writer Lou Whiteman, which The Deal Pipeline subscribers can find here.
Like a lot of other folks, we followed the twists and turns in the saga of General Motors Co. and its Adam Opel GmbH unit partly through the blog postings of John Smith, GM group vice president for Europe and lead negotiator on the planned divestiture. Having noted the unusual phenomenon of Smith's social-media updates in our own blogs, on Oct. 26 we published a more ambitious story on them by senior writer Lou Whiteman, which The Deal Pipeline subscribers can find here.
thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/11/like_general_motors_cisco_blog.phpBrennen Wysongbwysong5981100Fisker buys old GM facility (Dealscapeurn:com:businessweek:bx:article:3259843107004880369-924b39cd5791c7be8329d8e729f19e562009-10-27T15:31:26.193-04:00expected, venture funded Fisker Automotive Inc. announced the purchase of a production facility in Wilmington, Del., from the old General Motors, known Motors Liquidation Co., which is still in bankruptcy. Overseeing the announcement was a parade of...expected, venture funded Fisker Automotive Inc. announced the purchase of a production facility in Wilmington, Del., from the old General Motors, known Motors Liquidation Co., which is still in bankruptcy. Overseeing the announcement was a parade of...thedeal.comhttp://www.thedeal.com/dealscape/2009/10/fisker_buys_old_gm_facility.php#atBrennen Wysongbwysong5983300Saturn deal falls through, Penske pulls outurn:com:businessweek:bx:article:13330997227858541919-be1788b1a21c952b4d4cb66f76f3290b2009-09-30T22:34:00.527-04:00Because Penske cannot seal a deal with a foreign car maker to take over the manufacture of Saturn cars, he pulls out of the deal with GM to buy Saturn. 13,000 jobs are now at risk.Because Penske cannot seal a deal with a foreign car maker to take over the manufacture of Saturn cars, he pulls out of the deal with GM to buy Saturn. 13,000 jobs are now at risk.Washington Posthttp://www.washingtonpost.com/wp-dyn/content/article/2009/09/30/AR2009093004812.htmlThomas Huynhthuynh38111902GM: Still Making the Same Mistakesurn:com:businessweek:bx:article:14661166528619638350-f6521a10828e9cfb5503fff28c09cf992009-08-14T09:56:56.709-04:00It was almost painful to watch new General Motors CEO Fritz Henderson's live Webcam meeting this past Tuesday. On top of the company's recent problems—a growing negative perception by the American public and years of financial losses, culminating in...It was almost painful to watch new General Motors CEO Fritz Henderson's live Webcam meeting this past Tuesday. On top of the company's recent problems—a growing negative perception by the American public and years of financial losses, culminating in...BusinessWeekhttp://www.businessweek.com/lifestyle/content/aug2009/bw20090813_397576.htmCharles Dubowcdubow602191711GM Saturn sale near close; Opel not so muchurn:com:businessweek:bx:article:16868825278938419570-acbb64769a044290ab159d3b4f76ec1a2009-09-29T15:24:18.689-04:00General Motors Co. appears to be moving towards completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.General Motors Co. appears to be moving towards completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/09/gm_saturn_sale_nears_completio.phpBrennen Wysongbwysong5983300Rep. Hoyer plays politics with GM, Chrysler (Dealscapeurn:com:businessweek:bx:article:12432200681543399422-1bea3b53e64c4e00365fe46d18db326b2009-09-29T15:22:49.833-04:00As expected, politicians continue to play politics with government-owned General Motors Co and Chrysler Group LLC. The latest to jump at the opportunity is Rep. Steny Hoyer, D-Md., who as the Democratic majority leader is the House of...As expected, politicians continue to play politics with government-owned General Motors Co and Chrysler Group LLC. The latest to jump at the opportunity is Rep. Steny Hoyer, D-Md., who as the Democratic majority leader is the House of...thedeal.comhttp://www.thedeal.com/dealscape/2009/09/rep_hoyer_plays_politics_with.phpBrennen Wysongbwysong5981100GM: What Went Wrong and What's Nexturn:com:businessweek:bx:article:8389171767513171958-ee07efc0a5d805993268eb64e8c576b82009-06-15T17:01:41.751-04:00Is there a light at the end of the tunnel for General Motors? Or are those just headlights from an oncoming train? Among Harvard Business School faculty, it depends on whom you ask.Is there a light at the end of the tunnel for General Motors? Or are those just headlights from an oncoming train? Among Harvard Business School faculty, it depends on whom you ask.hbswk.hbs.eduhttp://hbswk.hbs.edu/item/6229.htmlMary S. Butlermbutler535262420GM-eBay: Promise & peril of selling cars on Weburn:com:businessweek:bx:article:14151675282294255645-23538f752543f2421e94f79c10f6e7922009-08-11T14:11:07.936-04:00What if ordering a Buick were more like ordering a laptop computer from Dell Inc. (NASDAQ:DELL)? You might like it. The new General Motors Co. might learn to like it too.What if ordering a Buick were more like ordering a laptop computer from Dell Inc. (NASDAQ:DELL)? You might like it. The new General Motors Co. might learn to like it too.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/08/gm-ebay_promise_peril_of_selli.phpBrennen Wysongbwysong5983111IP questions surface in GM Hummer auction as well urn:com:businessweek:bx:article:4842273916326175350-ab2ad093f2cf7da688bfa47de47723da2009-09-08T16:30:45.799-04:00Once again, patents and intellectual property concerns appear to be getting in the way of a planned General Motors Co. divestiture.
The automaker's planned sale of its gas-guzzling Hummer unit to Sichuan Tengzhong Heavy Industrial Machinery Co. has reportedly been delayed by China's Ministry of Commerce, with the ministry seeking details about whether Tengzhong is buying Hummer's patents or just the brand.Once again, patents and intellectual property concerns appear to be getting in the way of a planned General Motors Co. divestiture.
The automaker's planned sale of its gas-guzzling Hummer unit to Sichuan Tengzhong Heavy Industrial Machinery Co. has reportedly been delayed by China's Ministry of Commerce, with the ministry seeking details about whether Tengzhong is buying Hummer's patents or just the brand.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/09/ip_questions_surface_in_gm_hum.phpBrennen Wysongbwysong5982200GM board will seek new CFO as Young exitsurn:com:businessweek:bx:article:1107864045563270613-fb098b8e59050a947e21f19d159df1822009-09-09T14:43:12.089-04:00The CFO job at General Motors Co. has in recent years been a pathway to the corner office. But it seems no such move is in the cards for current chief financial officer Ray Young, who will reportedly leave the automaker in the coming weeks.The CFO job at General Motors Co. has in recent years been a pathway to the corner office. But it seems no such move is in the cards for current chief financial officer Ray Young, who will reportedly leave the automaker in the coming weeks.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/09/gm_board_shakes_up_finance_dep.phpBrennen Wysongbwysong5980000A Muscle Car to the Rescue for General Motors urn:com:businessweek:bx:article:6922568319634135619-96357b4d2474072c0325d0e3594f0a222009-07-09T23:00:59.251-04:00With the Camaro -- you noticed it if you saw the Transformers movie -- GM is looking to add some excitement to their lackluster line of minivans, trucks, and SUVs. This is sort of a follow up to my previous post: http://bx.businessweek.com/auto-industry-innovation/guy-kawasaki-porsche-guy-is-impressed-with-gm/17698877792925423868-df92f1dfb20023165255f3be034b8f2e/With the Camaro -- you noticed it if you saw the Transformers movie -- GM is looking to add some excitement to their lackluster line of minivans, trucks, and SUVs. This is sort of a follow up to my previous post: http://bx.businessweek.com/auto-industry-innovation/guy-kawasaki-porsche-guy-is-impressed-with-gm/17698877792925423868-df92f1dfb20023165255f3be034b8f2e/New York Timeshttp://www.nytimes.com/2009/07/10/business/10auto.html?_r=1&ref=businessThomas Huynhthuynh3812011Talking and talking and talking about Opelurn:com:businessweek:bx:article:6389770358718948991-16b54f7a44cc8b882c3387fd9183b2992009-08-28T15:37:17.759-04:00"Germany says talks with GM on Opel are far from over," says the Friday morning Reuters headline. Which means that discussions about the sale of the Adam Opel GmbH unit of General Motors Co., already months old, could continue for many more weeks, beyond the Sept. 27 German election that has loomed so large in the process."Germany says talks with GM on Opel are far from over," says the Friday morning Reuters headline. Which means that discussions about the sale of the Adam Opel GmbH unit of General Motors Co., already months old, could continue for many more weeks, beyond the Sept. 27 German election that has loomed so large in the process.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/08/talking_and_talking_and_talkin.phpBrennen Wysongbwysong5980000GM Gets a Fresh Starturn:com:businessweek:bx:article:13543162834976760851-9d2595508364fc170a6e91b7ee14fa7a2009-07-10T15:03:48.020-04:00The new, government-owned General Motors is starting to take shape. GM emerged from bankruptcy on Friday, July 10, and with it came a slew of changes. The company will have far less debt, fewer brands, and a leaner management team. GM also has a new...The new, government-owned General Motors is starting to take shape. GM emerged from bankruptcy on Friday, July 10, and with it came a slew of changes. The company will have far less debt, fewer brands, and a leaner management team. GM also has a new...BusinessWeekhttp://www.businessweek.com/bwdaily/dnflash/content/jul2009/db20090710_603800.htmJohn A. Byrnejbyrne0764310Who is buying old GM stock?urn:com:businessweek:bx:article:1998986387400825894-94c95052ac8a62a8a48cd6250e1b93642009-08-20T17:13:17.302-04:00K, if you're a day trader and see MTLQQ.PK, don't buy it. The government and folks at General Motors Co. have warned investors not to buy old GM stock, but the price is jumping and falling by 50 cents and more on some days. Apparently, people think they are getting stock in the new GM, which emerged from bankruptcy in July.K, if you're a day trader and see MTLQQ.PK, don't buy it. The government and folks at General Motors Co. have warned investors not to buy old GM stock, but the price is jumping and falling by 50 cents and more on some days. Apparently, people think they are getting stock in the new GM, which emerged from bankruptcy in July.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/08/who_is_buying_old_gm_stock.phpBrennen Wysongbwysong5981100GM could go public next July, or noturn:com:businessweek:bx:article:719453491256898028-f090526c1269660b6c24d6be0bfe8ca02009-08-10T14:45:28.285-04:00With the new, streamlined General Motors Co. now out of bankruptcy, attention has turned to when the government-owned automaker will try to launch an initial public offering. And while its intention to do so is clear, the particulars of an offering are anything but.With the new, streamlined General Motors Co. now out of bankruptcy, attention has turned to when the government-owned automaker will try to launch an initial public offering. And while its intention to do so is clear, the particulars of an offering are anything but.thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/08/gm_could_go_public_next_july_o.phpBrennen Wysongbwysong5983300GM Gets a Fresh Start — Will Green Innovation Rise From the Ashes?urn:com:businessweek:bx:article:18104710427384464162-59a2907ef9e0bab1df765d6233b4d42e2009-07-13T12:00:51.290-04:00Meet the New GM, a company that’s supposed to be more nimble, innovative, and a heck of a lot more profitable than the old General Motors. The new company launched this morning as much of the automaker’s assets transferred over to a company now...Meet the New GM, a company that’s supposed to be more nimble, innovative, and a heck of a lot more profitable than the old General Motors. The new company launched this morning as much of the automaker’s assets transferred over to a company now...Reutershttp://www.reuters.com/article/earth2Tech/idUS109424405520090710Michael Arndtmarndt5617601Do politics favor GM keeping Opel?urn:com:businessweek:bx:article:15576874169163463507-19312a404c0f001e95b25b3da2b95d642009-08-24T15:05:11.976-04:00General Motors Co. should hurry up and sell its Adam Opel GmbH unit to Magna International Inc.: That is the message coming from German Chancellor Angela Merkel. General Motors Co. should hurry up and sell its Adam Opel GmbH unit to Magna International Inc.: That is the message coming from German Chancellor Angela Merkel. thedeal.comhttp://www.thedeal.com/corporatedealmaker/2009/08/do_politics_favor_gm_keeping_o.phpBrennen Wysongbwysong5980000