In First Report After Bankruptcy, G.m. Posts Loss

In First Report After Bankruptcy, G.M. Posts Loss

General Motors said on Wednesday that it had a positive cash flow of $1 billion in the six months after emerging from bankruptcy protection.

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    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
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    The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
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    A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
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    While players understandably have some reservations about returning to play football in the time of COVID-19, the “majority” want to return and have apparently reached a “broad consensus ...
    05/13/2020 - 5:57 pm | View Link
  • The Hill's Morning Report
    McConnell said he intends to fill "critical posts" across the government in the coming weeks, ranging from public health to national security "that relate directly to the safety of the American ...
    05/4/2020 - 11:42 pm | View Link
  • Intelligence report: How automakers have been changed by a virus
    April 27: GM suspends quarterly dividend payouts and share buybacks. April 28: Ford posts a $2 billion first-quarter net loss and projects an operating loss of at least $5 billion in the second ...
    05/3/2020 - 5:09 pm | View Link
  • Alberta’s failed oil and gas bailout a warning to feds: report
    One of those companies, Trident Exploration, filed for bankruptcy in 2019 despite receiving $60 million from AIMCo. Funding from AIMCo comes from pensions and the Heritage Fund. “AIMCo has been ...
    04/22/2020 - 2:25 am | View Link
  • UAW president faces corruption probe 1 month into term: Report
    GM and Ford promoted a combined 1,500 temporary workers to full-time status as a result of their new contracts ratified by the union in the fall. 15 hours ago ...
    01/8/2020 - 1:49 pm | View Link
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