WebAug 15, 2012 · Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed ... WebJun 1, 2009 · GM flirted with bankruptcy after falling sales pushed the company into a $4.45bn loss in 1991. President Robert Stempel, Roger Smith's replacement, decided to close 21 factories and lay off 24,000 ...
A Primer on the G.M. Bankruptcy - New York Times
WebMay 29, 2009 · General Motors has filed for bankruptcy, and one of many questions is what will happen to its pension promises, which are underfunded by $20 billion. Douglas Elliott … The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. ("New GM") to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, … chris\u0027s fishing trips
General Motors Chapter 11 reorganization - Wikipedia
WebApr 8, 2024 · Since becoming CEO of General Motors in 2014, Mary Barra has faced several challenges in leading the company, including:Safety Recalls: In 2014, GM faced a m... WebApr 8, 2014 · July 10, 2009 - General Motors emerges from bankruptcy after 39 days. It is now known as General Motors Company instead of General Motors Corporation. December 1, 2009 - CEO Fritz Henderson ... WebJun 11, 2009 · GM's bankruptcy, which was approved by the automaker's board after a weekend of deliberations, is the most carefully orchestrated Chapter 11 filing in the … gh bass womens snow boots