White House: General Motors to file bankruptcy; Government to take 60 percent ownership stake

WASHINGTON — General Motors, the humbled auto giant that has been part of American life for more than 100 years, will file for bankruptcy protection on Monday in a deal that will give taxpayers a 60 percent ownership stake and expand the government’s reach into big business.

AP Sources: General Motors to file bankruptcy; Government to take 60 percent ownership stake

WASHINGTON — General Motors, the humbled auto giant that has been part of American life for more than 100 years, will file for bankruptcy protection on Monday in a deal that will give taxpayers a 60 percent ownership stake and expand the government’s reach into big business.

AP sources: General Motors to file bankruptcy; Government to take 60 percent ownership stake

WASHINGTON — A congressional official says General Motors Corp. will file for bankruptcy protection Monday and the federal government plans to take a 60 percent ownership stake in the company.

GM to file for bankruptcy early Monday: Report

WASHINGTON - US auto giant General Motors is expected to file its bankruptcy papers at 8 a.m. (1200 GMT) in New York, the Wall Street Journal reported online Sunday.

General Motors decides on bankruptcy protection filing as bondholders accept deal

DETROIT — With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly Sunday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court.

Poll

Do you think Barack Obama is a good choice for Nobel Peace Prize

View Results

Comments

Show all Polls
Loading ... Loading ...

Latest Tweets

Al koch

  • colemangarrett Heard at #ATIA09: "Flat is the new up" - Al Koch, All Alaska Tours

Latest Friend Feeds

Al koch

  • beechbum MT @ConservativeInd: Beechbum Right... || I know, thank you! Koch et al.
  • thal RT @pjakobs: Roland Koch: �Steuern k�nnen nur gesenkt werden, wenn Geld daf�r da ist� pjakobs: �Wasser ist nass� #Erkenntnisse
  • paulvereijken @AlexanderNL Heb je die met Herman Koch al gezien Die is helemaal leuk.
  • thal Gleich wird Haile ausgeblendet und es kommen der Marathon-Koch und Gunther Gabriel. Danke, RBB, was f�r eine Sport�bertragung.
  • wolfhesse Koch-Lust! - von Herbert F. Hacker et al.
  • treser Opinion on the publication by K Koch et al pancreatic penetration of antibiotics
  • strr74 NY TV By the People Who Made It - Part I II 1998 TV Philip J Marshall Alan L Gansberg writer Edie Adams Herself Dede Allen Herself Steve Allen Himself Woody Allen Himself Bea Arthur Herself - Interviewee Harve Bennett Himself Milton Berle Himself Bill Boggs Himself Sid Caesar Himself Kitty Carlisle Herself Dick Cavett Himself Walter Cronkite Himself Ossie Davis Himself Ruby Dee Herself Hugh Downs
  • davidbarens Na de rest van NL ben ik eindelijk Het Diner van Herman Koch aan het lezen. Wat een lekker boek al halverwege.
  • mercanteronfa Bankitalia: "Il crimine penalizza le aziende nell'accesso al credito" [ilGiornale]
  • ultimora Bankitalia: "Il crimine penalizza le aziende nell'accesso al credito"
  • ultimora Stop di Bankitalia al "social lending"
  • ladre Al Qaeda is the new Koch http://viigo.im/0aVQ
  • willparkman Al Qaeda is the new Koch
  • mikemoffo Localized domain names. Ed Koch pitches .nyc and Al Gore supports .eco http://bit.ly/ADLJW
  • nipashah SERIOUSLY SERIOUSLY Al Koch, vice chairman & MD of AlixPartners, will earn $835 per hour as chief restructuring officer of General Motors
  • thal Wow, mein aal-Tweet zu Koch-Mehrin wird bei #wahlimweb zitiert. #eu09
  • thal Koch-Mehrin jubelt. Das aal-Prinzip (andere arbeiten lassen) zahlt sich aus.
  • scottlackey @MickiMaynard Al Koch says it will take 5 years to wind down old #GM. He will become chief exec of oldco once 363 sale takes place.
  • thal @FDieckmann Lt. Tagesspiegel http://bit.ly/AIIfT war Martin Schulz (SPD) auch nur zu 67% anwesend...
  • zielezny GM appoints Detroit turnaround expert Al Koch to oversee bad assets
Protected by Comment Guard Pro