General Motors, the company that put tail fins on a Cadillac and was once the nation's largest employer, moved to the edge of bankruptcy Wednesday as debtholders refused a last-ditch deal.
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GM all but certain to file for Chapter 11 (AP)
Posted by admin 427 days ago (http://us.rd.yahoo.com)Obama hopes for `leaner, meaner' GM and Chrysler (AP)
Posted by admin 432 days ago (http://us.rd.yahoo.com)
President Barack Obama says General Motors Corp. and Chrysler LLC must emerge from their restructuring as "leaner, meaner" companies and that a substantial market awaits them if they make the right decisions.
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Experts say GM bankruptcy almost inevitable (AP)
Posted by admin 444 days ago (http://us.rd.yahoo.com)
For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
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