GENERAL MOTORS

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New GM will “show you” results: CEO

General Motors Co. emerged from bankruptcy today, with chief executive officer Fritz Henderson saying the top priorities for the company will be “customers, cars, and culture.”

New GM ready to exit bankruptcy

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General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure.

Six suitors, including TRW, eyed Delphi: sources

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At least six potential suitors including TRW Automotive Holdings have considered bidding for Delphi Corp, as the deadline for offers on the assets of the bankrupt auto parts maker approached, sources briefed on the matter said on Thursday.
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Auto parts maker Lear Corp files for bankruptcy

U.S. auto parts maker Lear Corp (LEAR.PK) filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors.
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GM to get final $20 billion in U.S. funding this year

A restructured General Motors Corp will get the remaining $20 billion in government bankruptcy financing over the rest of this year and could be ready to launch an initial public stock offering in early 2010, a senior U.S. official said on Monday.
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GM to get final $20 billion in funding this year

General Motors Corp has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion over the remainder of the year, a senior U.S. official said on Monday.
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Brazil auto output rises for 2nd month in June

Automobile output in Brazil climbed in June for the second straight month as manufacturers stepped up production to meet growing consumer demand, the national automakers' association Anfavea said on Monday.
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Fate of GM in hands of bankruptcy judge

A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.
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Judge approves sale of GM assets

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.
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Judge approves plan to sell GM assets

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.
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Judge approves plan to sell GM assets: report

A judge in a federal bankruptcy court in Manhattan late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, The New York Times reported.
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Judge approves GM assets sale

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.
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Steadier auto sales a bit of good news for aluminum

Budding signs of stability in the ailing U.S. automotive sector will kick-start a quicker demand recovery for aluminum, even as the industrial metal's supply base in U.S. warehouses will continue to swell from the industry's severe downturn.
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Ford sales jump, rest of Canada auto sector slumps

Ford Motor Co of Canada was the number one selling automaker in the country for the first time in 50 years as it posted a 25 percent jump in sales in June over a year earlier, the company said on Thursday.
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Daily Wrap Up for July 2 - Industries

Markets tumble after dour jobs report, GM warns of liquidation if sale not approved, J&J buys stake in biotech firm Elan, acquires Alzheimer's research
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GM says if sale not approved it could liquidate

General Motors Corp would be forced into liquidation if its proposed asset sale were not approved despite urging from dissident bondholders that another course be pursued, the company's lead bankruptcy lawyer said on Thursday.

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