restructuring plan


GM Bondholders not digging restructuring plan

General Motors submitted a restructuring plan on February 17 that included 47,000 job cuts, 14 plant closings by 2012 and the sale, dismantling, or shrinking of four brands. It sounds like a big remodeling job, unless you're a GM bondholder. In a letter sent to President Obama's automotive task force, GM's debt holders feel that the plan may rely too heavily on the ability for the economy and car sales to make a quick turnaround. The letter states that bond holders "do not know if the plan would, in fact, keep the company out of bankruptcy," ... Read more →

Chrysler to present restructuring plan in February Damon Lavrinc

Chrysler Group CEO Tom LaSorda travelled to DaimlerChrysler's headquarters in Stuttgart, Germany, last Wednesday to present a restructuring plan to the company's management board. The Detroit News ...

GM Bondholders not digging restructuring plan 8 months ago on Autoblog

General Motors submitted a restructuring plan on February 17 that included 47,000 job cuts, 14 plant closings by 2012 and the sale, dismantling, or shrinking of four brands. It sounds like a big remodeling job, unless you're a GM bondholder. In a letter sent to President Obama's automotive task ...

Chrysler to present restructuring plan in February 2 years ago on Autoblog

Chrysler Group CEO Tom LaSorda travelled to DaimlerChrysler's headquarters in Stuttgart, Germany, last Wednesday to present a restructuring plan to the company's management board. The Detroit News reports that the plan will involve job cuts and and the closing of at least two plants in the U.S. The ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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