GM to sell Hummer to Chinese manufacturer amid efforts to exit bankruptcy quicklyDETROIT — General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands. General Motors files for Chapter 11 bankruptcy protection in New YorkNEW YORK — General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. GM affiliate files for bankruptcy protection, starting the automaker’s court filingsNEW YORK — A General Motors dealership in New York filed for bankruptcy protection Monday, beginning the wave of court filings expected as the automaker files for legal protection to complete its reorganization. GM to file bankruptcy; US will take 60 percent ownership and attempt to reorganize carmakerNEW YORK — General Motors, the century-old automaker battered by the economic downturn, mounting debt and management problems, will file for bankruptcy Monday as part of an Obama administration plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. White House: General Motors to file bankruptcy; Government to take 60 percent ownership stakeWASHINGTON — 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 stakeWASHINGTON — 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 stakeWASHINGTON — 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. General Motors decides on bankruptcy protection filing as bondholders accept dealDETROIT — 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. GM reaches deals with UAW, Opel as almost certain bankruptcy nears; Chrysler awaits its fateDETROIT — General Motors Corp. has pulled together many of the pieces needed to complete government-ordered restructuring, but its board still is likely to decide Saturday to head into bankruptcy protection because there’s too much left to do. |
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