The Wait Is Over: Gm Files For Chapter 11

The wait is over: GM files for Chapter 11

CEO Fritz Henderson calls the move 'a defining moment' in the company's reinvention. In trading, shares of GM dropped 28%. Meanwhile, Chrysler takes another step toward emerging from bankruptcy. General Motors Corp. filed for bankruptcy protection this morning in a Manhattan courtroom, ending months of speculation.

Sections:  news   business   
RELATED ARTICLES
BING NEWS:
  • Lithium Junior Miners News For The Month Of March 2024
    March saw lithium prices significantly higher and a busy month of news. Read more to see the full lithium junior miners news for March 2024.
    03/27/2024 - 3:18 am | View Link
  • Lok Sabha Election 2024 Highlights: Congress party releases its eight list of candidates
    Lok Sabha Election 2024 Live Updates: The Nationalist Congress Party (Sharad Chandra Pawar) Party will hold a meeting of the Central Parliamentary Executive Committee on Wednesday. Sharad Chandra ...
    03/26/2024 - 3:35 pm | View Link
  • The done deal
    Evidence of the pivot has arrived. The Fed now says it expects (and accepts) a slightly higher inflation rate target of 2.6%. It will be reducing its balance sheet by $95 billion a month. The latest ...
    03/21/2024 - 5:56 am | View Link
  • EPA announces new pollution standards for cars that will cut carbon emissions by an estimated 7 million tons
    The U.S. Environmental Protection Agency announced new pollution standards for cars that that are projected to reduce annual fuel costs by $62 billion and prevent more than 7 billion tons ...
    03/21/2024 - 5:45 am | View Link
  • Mirrorless vs DSLR cameras: the 10 key differences you need to know
    Both Canon and Nikon have been discontinuing, or simply not updating, their DSLR models over the last few years. As a result, mirrorless is very much the default format for new cameras and is our ...
    03/20/2024 - 1:38 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News