GM to Acquire AmeriCredit
07/22/10
Avalanche, Camaro and Terrain earn top honors in J.D. Power APEAL study
7/22/10
GM Nets Five of Edmunds.com’s Top 10 Launch Awards
07/12/10
GM Increases Number of J.D. Power Initial Quality Study Awards
06/18/10
2010 Buick LaCrosse Named a “Top 10 Best Dark-Horse Car of 2010” By Edmunds.com
06/16/10
2010 Chevrolet Equinox, GMC Terrain Earn IIHS Top Safety Pick Award
06/02/10
Buick, Cadillac Top Brands in Vehicle Satisfaction Awards
05/25/10
GM Reports First Quarter 2010 Results
05/18/10
62 GM plants eliminate waste to landfills
05/11/10
Cadillac CTS-V Takes Top Honors in Texas
05/11/10
GM To Invest $890 Million To Build Cleaner, More Fuel-Efficient Engines
4/27/10
GM Pays Back Government Loans in Full
04/21/10
FAQ on GM’s government loan payback
04/21/10
Chevrolet Equinox and Camaro Named Ward’s Auto Interior of the Year Winners
04/13/10
GM CFO: GM on the Path Toward Profitability
04/07/10
GM sales improve for sixth straight month led by crossovers, Buick LaCrosse, Chevrolet Camaro
4/01/10
Chevy named Best Exterior Design for Non-luxury Brand by KBB
LaCrosse, Sierra 2500 HD, Camaro and Equinox earn top honors at Chicago Auto Show
02/17/10
Three Chevrolet Vehicles Named to Kelley Blue Book’s kbb.com Top 10 Family Cars
02/16/10
GM Reaches Agreement to Sell Saab to Spyker
1/26/10
GM To Be First Major U.S. Automaker to Manufacture Electric Motors
1/26/10
Ed Whitacre to Continue as CEO; GM Commits to Paying Loans by June
01/25/10
GM Makes First Payment on Government Loans
12/18/09
GM to Begin Repaying Federal Loans in December Ahead of Schedule
11/16/09
GM Market Share Up; October Marks First Sales Increase in 21 Months
11/03/09
General Motors Gaining Market Share in October According to Edmunds.com
10/16/09
GM Invests $230 Million to Tool Up for 2011 Chevrolet Cruze and Volt
10/14/09
General Motors Signs Agreement For Sale of HUMMER to Tengzhong
10/09/09
90 Days Post Bankruptcy, A Different GM Emerges (Part 1)
10/07/09
90 Days Post Bankruptcy, A Different GM Emerges (Part 2)
10/07/09
90 Days Post Bankruptcy, A Different GM Emerges (Part 3)
10/07/09
GM to Sell Majority Stake in Opel/Vauxhall to Magna/Sberbank
09/10/09
GM’s August Sales Up 30 Percent Over July
09/01/09
GM Increasing N. America Production, Adding Jobs to Meet Demand
08/18/09
General Motors and Koenigsegg Group Sign Deal on Sale of Saab
08/18/09
A New GM Kicks Into High Gear at Product and Technology Event
08/11/09
Chevrolet Volt Expects 230 mpg in City Driving
08/11/09
2010 Launch vehicles by Buick, Cadillac, Chevrolet and GMC
08/11/09
New Buick Crossover Will Feature Plug-In Hybrid System
08/06/09
GM’s Board of Directors’ Statement on the Newly Launched GM
08/05/09
GM Resumes Leasing in Five States
08/03/09
GM July Retail Sales Up for Fifth Consecutive Month
08/03/09
GM Announces Leadership Appointments and Retirements
07/30/09
GM Names New Members to Board of Directors
07/23/09
GM Announces Major Leadership Changes
07/23/09
Chevrolet Launches ChevroletVoltAge.com
07/16/09
The New General Motors Company Launches Today: Part 3
07/10/09
The New General Motors Company Launches Today: Part 2
07/10/09
The New General Motors Company Launches Today: Part 1
07/10/09
GM 363 Asset Sale Approved by U.S. Bankruptcy Court
07/06/09
GM selects plants for future small car assembly
06/26/09
What Quality Gap?
6/23/09
GM, Koenigsegg Group AB Reach Tentative Agreement on Saab
06/15/09
GM Opens Largest, Most Advanced Automotive Battery Lab In The U.S.
06/08/09
Fritz Henderson’s Senate Testimony on Dealer Consolidation
06/03/09
General Motors, Penske outline proposed deal for purchase of Saturn
06/05/09
Summary FAQ on GM’s Chapter 11 Filing
06/03/09
Does this mean GM is going out of business?
Absolutely not! GM has entered chapter 11 to launch the New GM through the powerful tools of the Bankruptcy Code. GM will take the necessary actions to transition operations and launch a highly competitive New GM. Importantly, GM has the support of the U.S. and Canadian governments and the UAW in this effort.
What are some key attributes of chapter 11?
Some key Chapter 11 attributes are the following:
• Chapter 11 is not a declaration of insolvency.
• Companies don’t file chapter 11 to liquidate; they do so in order to continue operating and to take the necessary steps to emerge as a financially stronger business, reorganizing their operations or balance sheet or in some cases by selling substantially all its assets.
• Management remains in control of the business during the chapter 11 rehabilitative process. Trustees, administrators and monitors typically are not appointed.
• Chapter 11 normally does not cause interruption to business operations.
• The company is given breathing room during the process - an “automatic stay” generally prevents parties from taking legal action against the company or taking the company’s assets.
What is section 363 and how is it being used to launch the New GM?
Section 363 permits a company in chapter 11 to sell assets and in some cases substantially all its assets. GM intends to use that ability to sell the strongest parts of its business to launch a new and successful enterprise. The purchaser’s business will be built upon only the strongest parts of our business - our employees; our best brands (Cadillac, Chevrolet, Buick, GMC), and the plants and other hard assets that those brands rely on; the contracts we need to secure supplies and keep our business moving; and the equity we own in our domestic and global subsidiaries. The New GM will be led by GM’s current management team.
How is the New GM being launched?
It is anticipated that the valuable assets of GM will be sold to a new entity to quickly launch a leaner, more customer-focused and more cost-competitive automaker, with a much stronger balance sheet that is positioned for profitability. The New GM will be built from GM’s strongest brands and operations.
Will the chapter 11 be completely over after New GM exits?
An important advantage of the 363 process is that it allows the New GM to quickly make a clean and complete break from chapter 11. When the New GM launches, the chapter 11 case will be over for all of the operations that GM customers interact with. For GM’s operations that will not become part of the New GM, the chapter 11 case will continue in order to resolve creditors’ claims and wind down those operations in an orderly way.
GM Vehicle Protection, Incentive Programs will Continue
06/02/09
General Motors Announces Preliminary Agreement To Sell HUMMER
06/02/09
Customer FAQ on GM’s Chapter 11 Filing
06/01/09
New GM-UAW Labor Agreement Eliminates Competitive Gap for GM
05/29/09
GM Announces Plans to Build Small Car in U.S.
05/29/09
GM Reducing Dealer Count from 5,969 to 3,600 by 2010
05/15/09
Four Core Brands to Focus New Product Development
04/27/09