GM (GM) Shares Jump On Plans To Hammer Bondholders
GM (GM) has decided to go for all or nothing with its bondholders. They can swap their debt of stock, under unfavorable terms, or take their chances in bankruptcy court. The final stage of…
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Newest first · Page 321Government Slips Another $2 Billion Into GM’s (GM) Pocket
It makes the federal government look weak. GM (GM) got another $2 billion to stay afloat while it negotiates with the UAW and creditors. Both parties have to assume that the Treasury is doing…
Ford’s (F) Balance Sheet Play
Ford’s (F) announced earnings, but it did not pitch its P&L. The star of the announcement, at least in the company’s opinion, was its balance sheet. The No.2 US car company said that it…
Treasury Talks With Chrysler May Foul Up GM (GM) Negotiations
The Treasury has started to sweeten terms for Chrysler creditors in an attempt to keep the car company out of Chapter 11. According to The Wall Street Journal, “The Treasury now proposes that the…
GM (GM) Won’t Make $1 Billion Debt Payment On June 1, Shares Trade Flat
Missing a $1 billion debt payment should be bad news. According to The Wall Street Journal, GM’s (GM) CFO said it would not meet its obligation on June 1. In reaction, GM’s stock barely…
GM (GM) Finally Looks In The Mirror
For all of the restructuring work that GM (GM) has done, all the layoffs, and negotiations with the UAW and creditors, it has never admitted that the domestic car market may not rebound for…
The Administration Give GM (GM) And Chrysler Another Chance
The Administration is losing it grip on the process of restructuring the auto industry. It has let another deadline pass and will supply more money to Chrysler and GM (GM) as they allegedly finalized the…
VW No.1 Car Company Worldwide? An Industry Where It Does Not Matter
VW may have passed Toyota (TM) as the world’s No.1 car company just as Toyota passed GM (GM) a year ago. The companies all operate in an industry where being on the top of…
Does GM Have A Real Buyer For Saturn? (GM)
General Motors Corporation (NYSE: GM) may have an answer as to what could happen with that Saturn unit. Just be sure you stress the “may” in this thought. A press release came out mid-day…
GM (GM) Creditors May Simply Get Robbed
GM’s (GM) creditors seem to believe that they should get a better deal than the car company is offering them so that it can reduce its debt. Even the most senior creditors are being…
A Note To The Treasury: Toyota (TM) Will Lose $5 Billion
The Treasury Department may want to adjust what it thinks the cost of the bailouts of GM (GM) and Chrysler will cost. Word out of Japan is that Toyota (TM) will loss $5 billion…
Government Tries To Hold A Gun To The Head Of GM (GM) Creditors
The Treasury is using all of its muscle in The Motor City. Bondholders in GM (GM) and Chrysler think they may do better if the companies go bankrupt than if they take the paltry…
No Auto Industry Recession In China (GM)(TM)(HMC)
If only US car companies could do all of their business in China. The economy there must be better than has been reported. In March, a record 1.1 million light vehicles left showrooms. That…
Having A Wake At The Car Show
The press is upset that the car companies will not put on their usual splendid displays at the New York International Auto Show. There will not be a big collection of V8 thunder cruisers,…