GM 363 Asset Sale Approved by U.S. Bankruptcy Court

July 6, 2009 | Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York last night approved the sale of substantially all of General Motors Corporation's assets to NGMCO, Inc., an entity funded by the U.S. Department of the Treasury. NGMCO, Inc. will change its name to General Motors Company and continue to operate under GM's historic corporate and sub brands. ...