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General Motors Chapter 11 reorganization

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1264:(VEBA) trust, $ 9 billion to the U.S. and Canadian governments, and $ 15 billion in liabilities to suppliers and other bills. GM was bound to pay $ 10 billion to the VEBA trust in December 2009, with the remainder being paid in increments from 2012-19. GM was not required to make contributions to its pension fund until 2013, but it could elect to if needed, since the company contributed $ 15.2 billion to its pension fund in 2003. Stock market conditions cause the fund value to fluctuate. In February 2009, GM's combined pension fund had about $ 85 billion in assets, $ 56 billion in assets for hourly pensions and $ 29 billion in assets for salaried pensions. 922:, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re-organization plan, free of liens and other claims. It is used in most Chapter 11 cases that involve a sale of property or other assets. This process is typical of large organizations with complex branding and intellectual property rights issues upon exiting bankruptcy. 4033: 4943: 1196:
changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the
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2009, General Motors announced that its cash reserves were down to $ 14 billion at the end of 2008. G.M. lost $ 30.9 billion, or $ 53.32 a share, in 2008 and spent $ 19.2 billion of its cash reserves. Mr. Wagoner met with President Obama’s auto task force, and the company said that it could not survive much longer without additional government loans.
903:. In other words, a company called "NGMCO Inc.", financed by the U.S. Treasury, Canada, and a labor union, purchased the desirable assets of "old GM" via the bankruptcy process, thus renaming it to "General Motors Company" and forming a "new GM". This marked the emergence of a new operation from the "pre-packaged" 512:. On May 31, 2009, news broke that the U.S. would initially likely become the largest shareholder of the reorganized GM following a bankruptcy filing and re-emergence from bankruptcy. The U.S. government would invest up to $ 50 billion and own 60% of the new GM and the Canadian government would own 12.5%. 1222:
Management continues to remind investors of its strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios. Stockholders of a company in chapter 11 generally receive value only if all claims of the company's
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Ltd. and a group of private investors (Mr. Suolang Duoji, a private entrepreneur with holdings that include the Hong Kong-listed thenardite producer Lumena, would have held the remaining 20 percent stake.) The sale would have net GM around $ 150 million. The deal would have included manufacturing to
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ran into difficulties, as the corporation was expected to file for bankruptcy protection by June 1, 2009. United States government officials suggested that, if they were satisfied with the company's plans to restructure, the U.S. government would take at least a 50% equity stake and reserve the right
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to complete the process. GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$ 82.29 billion in assets
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announced that he would give GM 60 additional days to try and restructure their company and prove their viability. If they succeeded, Washington would provide General Motors with additional bridge loans. However, if GM could not meet the requirements set by the White House, a prepackaged bankruptcy
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GM received loans from European governments in 2009, and reduced its ownership stake in European operations as part of its reorganization. As of July 10, 2009, the new GM has over $ 40 billion in cash, with the company's reorganized liability total of $ 48.8 billion which includes $ 24.4 billion to
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None of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company (the
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Despite these developments, the organization expressed optimism in the future success of a "new GM". On July 10, 2009, after an auction process and approval by Judge Gerber concluded, GM's continuing operational assets and trademarks were transferred to the sole bidder, a primarily government-owned
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for Penske for two years, however, as of September 30, 2009, the deal had fallen through. Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned
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The new General Motors was named General Motors Company LLC, a separate and independent entity from the old corporation. The new company retained four of its major brands: Chevrolet, Cadillac, GMC, and Buick. It planned to keep 3,600 out of 6,000 of its US dealerships. Lastly, the company was also
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July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc" purchased most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn
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One of the first motions filed in court was one to void the leases on the seven corporate jets, and corporate aircraft hangar at Detroit Metropolitan Wayne County Airport, for being no longer valuable to the company's business — a lease that the company had, according to its spokesman, found
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of US$ 360.6 million to GM, and GM issued a note to the Treasury for US$ 360.6 million, plus $ 24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a separate
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of Canada (20%), and Opel employees and car dealers (10%). GM was expected to keep a 35% minority stake in the new company. It was announced on November 3, 2009, that the GM board had decided not to sell off Opel. However, after the reorganization in 2017, Opel and Vauxhall would later be sold to
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provided a "bridge loan" to General Motors with the requirement of a revised business plan. It said it needed $ 4.6 billion in loans within weeks, from the $ 18 billion it had already requested, and an additional $ 12 billion in financial support in order to stave off bankruptcy. On February 26,
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All three companies were unsuccessful in their attempts to obtain legislation to authorize U.S. government aid, and were invited to draft a new action plan for the sustainability of the industry. On December 2, 2008, General Motors submitted its "Restructuring Plan for Long-Term Viability" to the
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the US Treasury invested a total $ 51 billion into the GM bankruptcy. Until December 10, 2013, the U. S. Treasury recovered $ 39 billion from selling its GM stake. The final direct cost to the Treasury of the GM bailout was $ 11-12 billion ($ 10.5 billion for General Motors and $ 1.5 billion for
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automakers. Acquisition talks involving Chrysler were cancelled, however, before November 7, 2008, as part of a broader response to the increasing urgency of GM's own cash flow problems. That was a result of Chrysler's senior bank debt currently trading at less than 50 cents on the dollar and
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On June 1, 2009, the court gave interim approval to GM's request to borrow US$ 15 billion as debtor-in-possession funding, the company only having US$ 2 billion cash in hand. The United States Treasury argued in court that it was the only source of such debtor in possession funding, and that
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General Motors Corp.", and was case number 09-50026 in the Southern District, Manhattan, New York. General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern
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and adopted a new corporate identity. The practice of putting the "GM Mark of Excellence" on every car, no matter what the brand, was discontinued in August 2009. The company moved from a 'corporate-endorsed, hybrid-brand' architecture structure (where GM underpinned every brand) to a
814:"We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM CEO Fritz Henderson in a statement. "Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week." 625:, where the company was headquartered). General Motors' attorneys, however, preferred to file in the federal courts in New York, because those courts have a reputation for expertise in bankruptcy. In a press conference later that day, the GM Chief Executive Officer, 1277:
former GM financing GMAC, now known as Ally). Local tax incentives amounted to $ 1.7 billion, most of them in Michigan. A study by the Center for Automotive Research found that the GM bailout saved 1.2 million jobs and preserved $ 34.9 billion in tax revenue.
665:. Other motions in the first-day hearing included motions to approve payments to key suppliers and to employees and distributors who are in possession of goods manufactured for General Motors. All motions passed in court without substantial objection. 1146:
April 24, 2009: GM announced that they will be scrapping the Pontiac brand in an effort to invest more money into their major brands (Buick, Cadillac, Chevrolet, and GMC). It was the second discontinuation of a major GM brand in the 21st century, after
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On November 7, 2008, General Motors reported it had projected it would run out of cash around mid-2009 without a combination of government funding, a merger, or sales of assets. Ten days later General Motors representatives, along with executives from
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in a federal Manhattan court in New York on June 1, 2009, at approximately 8:00 am, planning to re-emerge as a less debt-burdened organization. The filing reported US$ 82.29 billion in assets. The case was assigned to U.S. Bankruptcy Judge
1227:"new GM"), which is an independent separate company. All of these securities relate to Motors Liquidation Company, and will be treated in accordance with the provisions of the U.S. Bankruptcy Code and the rulings of the Bankruptcy court. 925:
As ranked by total assets, the Chapter 11 reorganization of "new GM" from the old is one of the largest successful corporate reorganizations in U.S. history, and the fourth-largest bankruptcy in U.S. history by total assets, following
1388:"Debtors Motion to Approve the Sale Pursuant to the Master Sale and Purchase Agreement with Vehicle Acquisition Holdings, LLC, a U.S. Treasury-sponsored Purchaser, Free and Clear of Liens, Claims, Encumbrances, and Other Interests" 435:. In 2005, the company posted a loss of US$ 10.6 billion (~$ 15.9 billion in 2023). In 2006, its attempts to obtain U.S. government financing to support its pension liabilities and also to form commercial alliances with 536:
account established by GM Warranty LLC, a new special purpose subsidiary of GM that was formed to operate the warranty program. GM also on May 29, 2009, contributed $ 49.2 million to GM Warranty LLC to fund the program.
694:. Because the price of these assets were very high, there was only one bidder in the auction, NGMCO Inc. ("New GM"). This company was formed by the United States government with a 60.8% stake, the federal government of 2856: 1070:. Sources said that setting up this type of "orderly" bankruptcy would be complicated because it would not only involve talks with the automakers, but also the unions and other stakeholders would have to be involved. 757:
On February 24, 2010, GM announced that the sale could not be completed with Sichuan Tengzhong and that they would discontinue the brand. They were approached by several other companies interested in purchasing the
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shutting down 14 of its US plants, which would eliminate 20,000 of its 80,000 current employees. The present General Motors Company is a smaller, restructured version of the former General Motors Corporation.
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secured and unsecured creditors are fully satisfied. In this case, management strongly believes all such claims will not be fully satisfied, leading to its conclusion that the common stock will have no value.
125: 992:'multiple-brand, corporate-invisible' brand architecture structure. The company's familiar square blue "badge" was removed from its website and advertising, in favor of a new, subtle all-text logo treatment. 519:
held by these creditors. Due to a lack of transparency, there was no way to find out who the CDS protection buyers and protection writers were, and they were subsequently left out of the negotiation process.
1358: 1421:"Corporate Bankruptcy: What Investors Need to Know: When debts outweigh assets, as with GM and Chrysler, protection can help businesses reorganize or liquidate. A guide to bankruptcy's risks and rewards" 5590: 5389: 1218:. It continued its bankruptcy court proceedings, exiting bankruptcy and splitting into four trusts. Motors Liquidation Company announced on July 10, 2009, in relation to its equity and debt investors: 5255: 911:(IPO) of stock in 2010. The directors of Motors Liquidation Company stated that they believed shares in the "old" GM would eventually have no value since the company had far more debts than assets. 1214:
General Motors Corporation, upon sale of its major assets, trademarks and intellectual property on July 10, 2009, pursuant to the provisions of section 363 of the Bankruptcy Code, was renamed as
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reorganization. The claims of former stakeholders and remaining pre-petition creditors of "old GM" would be handled by the "Motors Liquidation Company", with the new company planning to issue an
1102:". A qualified going concern audit letter like this is only issued by the auditors when the company is in extreme financial distress and it is likely that it may file for bankruptcy protection. 5206: 3105: 1024:
voted and strongly opposed any source of government assistance through a bailout bridge loan (originally worth $ 14 billion in emergency aid) which was aimed toward helping the struggling
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March 12, 2009: GM's CFO Ray Young said that it would not need the requested $ 2B (~$ 2.76 billion in 2023) in March noting that the cost-cutting measures are starting to take hold.
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because Chrysler's other owner – Daimler, formerly DaimlerChrysler – recently revalued its 19.9% Chrysler stake down to zero, which may or may not reflect its value in a potential sale.
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declined to provide financial aid to General Motors, and requested that General Motors produce credible plans, saying that the company's proposals had avoided tough decisions, and that
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A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an
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was also forced to resign. GM bondholders rejected the government's first offer, but the unions agreed to the preferential terms. A bondholder debt to equity counteroffer was ignored.
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Some observers also claimed that creditors were encouraged to push GM into bankruptcy protection because it would trigger a credit event, and thus a beneficial financial payout, on
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On March 29, 2009, the U.S Treasury committed to fund a government guarantee of General Motors' warranty liabilities, up to US$ 360.6 million (~$ 498 million in 2023).
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as a mechanism to help them restructure quickly and emerge stronger". He also announced that the warranties on cars made by these companies would be guaranteed by the
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reorganization. As ranked by total assets, GM's bankruptcy marks one of the largest corporate Chapter 11 bankruptcies in U.S. history. The Chapter 11 filing was the
617:, its preferred court. Normally, a company would file for bankruptcy in the courts located either in the state where the company is incorporated (which for GM was 443:
failed. For fiscal year 2007, GM's losses for the year were US$ 38.7 billion, (~$ 54.8 billion in 2023) and sales for the following year dropped by 45%.
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District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court.
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against GM over payments made to hedge funds in 2009 in exchange for waiving of claims against GM's Canadian subsidiary. The deal, of which Judge
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brands and international operations, into a new company. Less than a week later, its Saab subsidiary filed for bankruptcy protection in Sweden.
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As part of a reorganization plan agreed to with the U.S., Canadian and Ontario governments, and the company's unions, General Motors filed for
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brand and began reviewing potential buyers. However, in the end no sale could be finalised and Hummer was declared defunct on May 24, 2010.
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On July 10, 2009, a new entity completed the purchase of continuing operations, assets and trademarks of GM as a part of the 'pre-packaged'
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sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.
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Senate Banking Committee and House of Representatives Financial Services Committee. Congress declined to act, but in December 2008 the
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December 19, 2008: President Bush approved a bailout plan and gave General Motors and Chrysler $ 13.4 billion in financing from TARP (
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continue in the two plants that GM already uses to produce the Hummer trucks through June 2011, with a possible extension until 2012.
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December 18, 2008: President Bush announced that an "orderly" bankruptcy was one option being considered for both General Motors and
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The same day, GM reported 88,000 U.S. employees, and announced plans to reduce its U.S. workforce to 68,000 by the end of 2009.
5524: 5017: 4775: 3341:"Obama: GM Gets 60 Days to Restructure, Otherwise Quick Surgical Bankruptcy | GM-VOLT : Chevy Volt Electric Car Site" 1125: 175: 5564: 2105: 1699:"The 10 Largest U.S. Bankruptcies: From Lehman to Texaco, the Mighty Have Fallen, Taking Down Billions and Billions with Them" 1582: 5441: 5176: 5171: 4805: 4780: 4511: 4258: 4146: 3106:"General Motors: A Reorganized Brand Architecture for a Reorganized Company « Merriam Associates, Inc. Brand Strategies" 2634: 2545: 2475: 2356: 1074: 630: 140: 121: 81: 3411: 1359:"GM Announces Agreement with U.S. Treasury and Canadian Governments Providing Fast Track to Competitive Future for "New GM"" 1935: 987:
In addition to selling off brands and killing brands like Pontiac and Goodwrench, General Motors Company restructured its
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brand would be discontinued. On October 9, they reached an agreement to sell their entire stake in the Hummer brand to
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fund with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake. The selling company was
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The purchase was supported by $ 50 billion in U.S. Treasury loans, giving the U.S. government a 60.8% stake. The
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Shortly after the Chapter 11 filing, it was announced that on Monday, June 8, 2009, GM would be removed from the
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December 12, 2008: General Motors stated that it was nearly out of cash, and may not survive past 2009. The
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is probable. President Obama reiterated that GM will be part of the future even if bankruptcy is necessary.
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filing on the day GM sought Chapter 11 protection, could prompt at the time a reopening of the 2009 case.
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Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, effective July 15, 2009.
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being one of the options discussed. GM stated that "all options are on the table" for the company.
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2009-07-10: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors.
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that is owned by GM itself, filed for bankruptcy protection there, followed in the same court by
509: 448: 281: 3201: 1748:"General Motors Announces the New Company's July 10-September 30 Preliminary Managerial Results" 602:, and Saturn LLC's subsidiary Saturn Distribution Corporation. All cases were assigned to Judge 5546: 4813: 4795: 4394: 4349: 4174: 3600: 1181: 964: 931: 183: 133: 1527:"G.M. to Seek Bankruptcy and a New Start: A Risky Bet to Save an Icon of American Capitalism" 1387: 1143:
April 22, 2009: GM stated that it will not be able to make their June 1, 2009, debt payment.
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Prior to the U.S. Senate's announcement, General Motors announced that it had hired several
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GM Says It May Run Out of Operating Cash This Year (Update2) By Jeff Green and Mike Ramsey
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Under the reorganization process, termed a 363 sale (for Section 363 which is located in
868: 804: 626: 557: 553: 456: 336: 286: 266: 179: 160: 2163:(Press release). United States Department of the Treasury. March 30, 2009. Archived from 3790:. Executive office of the President of the United States. March 30, 2009. Archived from 675:
2009-06-22: Deadline for making competing bids in the auction of General Motors' assets.
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OTC market under the symbol GMGMQ. On July 15, the stock symbol was changed to MTLQQ ("
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appeared the most promising way to reduce its debts, by allowing the courts to compel
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Website of the General Motors Claim Agent: Bankruptcy paperwork and related documents
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After the Chapter 11 filing, effective Monday, June 8, 2009, GM was removed from the
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Assessment of the GM plan of February 17, 2009, presented to the U.S. Government
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In 2012, a trust representing "old" GM's unsecured creditors filed suit in the
4850: 4819: 4559: 4495: 4479: 4182: 4154: 3942: 3917: 3896: 3884: 2987:"Is the GM section 363 Bankruptcy Plan Really a Stealth Re-organization Plan?" 1169: 1166: 1148: 1084: 1081: 1044: 904: 800: 787: 599: 570: 171: 95: 61: 1188:. On June 29, 2009, General Motors announced that they would discontinue the 672:
2009-06-19: Deadline for filing all objections to the sale of General Motors.
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The following table is a comparison (estimates) of the new GM and the old GM
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under a plan that would assemble all of their viable assets, including some
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On May 30, 2009, it was announced that a deal had been reached to transfer
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testified about their need for financial aid at a congressional hearing in
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2009 bankruptcy filing by American automobile manufacturer General Motors
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David E. Sanger; David M. Herszenhorn; Bill Vlasic (December 19, 2008).
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Sandler, Linda; Chris Scinta; Bob Van Voris; Jeff Green (June 1, 2009).
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without the money from the loan General Motors would have no option but
4423: 4079: 3912: 3133:"General Motors to remove its 'Mark of Excellence' logos from new cars" 2355:
John Hughes; Caroline Salas; Jeff Green; Bob Van Voris (June 1, 2009).
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October 10, 2008: GM considered exchanging its remaining 49% stake in
825:. The Saab brand would collapse under Spyker in 2012 after filing for 4580: 4455: 4294: 4096: 3952: 3932: 3889: 3077:"GM gets 5 new board members appointed by U.S., Canadian governments" 1382: 1380: 759: 742: 560:) assets to a separate company majority-owned by a consortium led by 436: 326: 271: 256: 1493: 1491: 1489: 1487: 615:
United States Bankruptcy Court for the Southern District of New York
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As of February 14, 2009: General Motors was considering filing for
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Detroit Chiefs Plead for Aid. New York Times on November 18, 2008.
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On July 23, 2009, "new GM" announced its new board of directors:
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List of banks acquired or bankrupted during the Great Recession
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President Obama's remarks on U.S. auto industry, March 30, 2009
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General Motors Company and Subsidiaries Supplemental Material"
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automakers financially, despite strong support from President
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entity called "NGMCO Inc.", which upon sale assumed the name
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Court Documents and Claim Register, 363 Transaction Pleadings
1361:(Press release). General Motors. June 1, 2009. Archived from 609:
The filing by the dealership declared General Motors to be a
1162:(among others) might be interested in the GM European unit. 648:
The General Motors Chapter 11 filing formally was entitled "
3631:"U.S. government says it lost $ 11.2 billion on GM bailout" 3227:
Dougherty, Carter; Maynard, Micheline (February 20, 2009).
1667:"Obama: GM bankruptcy viable, achievable - Autos- NBC News" 1525:
Sanger, David E.; Jeff Zeleny; Bill Vlasic (May 31, 2009).
3390:"GM to pull the plug on Pontiac car brand - Apr. 24, 2009" 803:
and a group of Norwegian investors planned to acquire the
621:), or where it conducts operations (which would have been 5256:
Dodd–Frank Wall Street Reform and Consumer Protection Act
3747:"Creditor Lawsuit Could Undo Elements of 2009 GM Bailout" 3686:"As Companies Seek Tax Deals, Governments Pay High Price" 2686:"Channelnewsasia.com - GM studying new offers for Hummer" 2600: 2598: 2596: 2594: 2592: 1895:
General Motors Restructuring Plan for Long-Term Viability
1077:) funds, as well as $ 4 billion to be "withdrawn later". 799:
On June 16, 2009, it was announced that the Swedish firm
2871: 2869: 2867: 2865: 2794:"Saab Sale Dead As Koenigsegg Group Terminates Purchase" 2357:"GM Begins Bankruptcy Process With Filing for Affiliate" 2154:"Obama Administration's New Warranty Commitment Program" 2065:"US 'to steer General Motors into bankruptcy next week'" 1094:
March 5, 2009: GM's independent public accounting firm (
1610:"Worthless GM stock will keep trading, but not on NYSE" 668:
The case schedule laid out by the court is as follows:
5591:
Companies that filed for Chapter 11 bankruptcy in 2009
5367:
National fiscal policy response to the Great Recession
4854:(1999–2012 under all of GM, Chevrolet only since 2012) 2825:"Bankruptcy ends GM's 84-year ride in blue-chip index" 2016:"GM Bondholders Seek 58% Equity Stake With Debt Offer" 1330: 1328: 1326: 657:
itself unable to escape in 2008 when it had tried to.
358:
Common shareholders, bondholders and secured creditors
211: 3412:"Not So Fast, Fiat: Russians Interested in Opel, Too" 3310:
Stolberg, Sheryl Gay; Vlasic, Bill (March 30, 2009).
2715:
Goldman, David; Valdes-Dapena, Peter (June 5, 2009).
2450:"For the New GM, A Final Challenge to Please Drivers" 431:
General Motors was financially vulnerable before the
1908:"Bush Aids Detroit, but Hard Choices Wait for Obama" 1728:
Stoll, John D., and David McLaughlin (July 2, 2009).
751:
Sichuan Tengzhong Heavy Industrial Machinery Company
5512: 5470: 5427: 5398: 5380: 5319: 5294: 5231: 5149: 5096: 5060: 5005: 4862: 4838: 4804: 4751: 4314: 4277: 4145: 4108: 4040: 3961: 3905: 3857: 3848: 3246:Langlois, Shawn; Goldstein, Steve (March 5, 2009). 2408:"GM bankruptcy forever linked to Harlem dealership" 1335:
GM 363 Asset Sale Approved by U.S. Bankruptcy Court
87: 77: 67: 57: 49: 41: 5486:(Europe, Middle East and North Africa, Asia; 2009) 2878:"With Sale of Good Assets, G.M. Out of Bankruptcy" 1643:Stoll, John D., and Neil King Jr. (July 10, 2009). 1583:"After 93 Years, G.M. Shares Go Out on a Low Note" 899:), a further 17.5%. The remaining 10% was held by 573:for $ 2.3 billion (~$ 2.81 billion in 2023). 3523:"GM Expected to Emerge from Bankruptcy by Friday" 3176:Reports: Chrysler, GM discuss merger, acquisition 2928:Stoll, John D.; David McLaughlin (July 2, 2009). 1936:"Obama threatens US car industry with bankruptcy" 1293:says he was unaware despite its disclosure in an 678:2009-06-25: Final hearing on the bankruptcy loan. 3079:. Motor Authority. July 25, 2009. Archived from 2304:"PSA targets Opel turnaround as GM exits Europe" 2190:"President Obama's remarks on U.S. car industry" 2132:"Protecting GM from Credit Default Swap Holders" 155:. From Tuesday June 2, old GM stock has traded 3267:"GM's Auditors Raise the Specter of Bankruptcy" 2635:"Who bought Hummer? Sichuan Tengzhong of China" 2577:"GM files for Chapter 11 bankruptcy protection" 2380:"Judge in Case Is Known for His Brisk Approach" 2106:"Gannett and the Side Effects of Default Swaps" 1220: 719: 5337:American Recovery and Reinvestment Act of 2009 5202:Office of Federal Housing Enterprise Oversight 2277:"G.M. Decides to Keep Opel, Its European Unit" 531:On May 27, 2009, the U.S. Treasury advanced a 524:U.S. government-backed guarantee of warranties 108:sale of the assets of automobile manufacturer 4983: 3826: 2094:CNN, 31 May 2009, General Motors on the brink 690:General Motors auctioned off its assets in a 8: 5261:Emergency Economic Stabilization Act of 2008 3718:"UNITED STATES OF SUBSIDIES, General Motors" 3654: 3652: 3579:"Howes: GM's 20-year global plan unraveling" 2469: 2467: 32: 3503:. Motors Liquidation Company. July 10, 2009 3013:"How a 'Section 363' sale creates a new GM" 2509: 2507: 2505: 2503: 2501: 2211:General Motors Corporation (June 1, 2009). 5395: 5352:Fraud Enforcement and Recovery Act of 2009 5291: 5276:Term Asset-Backed Securities Loan Facility 5221: 4990: 4976: 4968: 4114: 3854: 3833: 3819: 3811: 3248:"GM, auditor express doubts over survival" 2743:"GM, Koenigsegg reach tentative Saab deal" 2433:. Crain Communications Inc. Archived from 2258:"Analysis: Opel's survival still at stake" 1692: 1690: 1688: 1397:. General Motors Corporation. June 1, 2009 1262:Voluntary Employee Beneficiary Association 598:(the main GM in Detroit), GM's subsidiary 468:On the March 30, 2009 deadline, President 31: 5532:Effects of the Great Recession on museums 5362:Housing and Economic Recovery Act of 2008 5246:China–Japan–South Korea trilateral summit 2956:"Consumer groups object to GM bankruptcy" 2539: 2537: 2535: 2533: 2531: 2529: 2514:Emily Chasan; Phil Wahba (June 1, 2009). 2406:Tom Hals; Martha Graybow (June 1, 2009). 2350: 2348: 2196:. Reuters. March 30, 2009. Archived from 1555:"G.M. to Seek Bankruptcy and a New Start" 1450:G.M. Wins Final Approval of DIP Financing 1337:July 6, 2009. Accessed September 8, 2012. 1043:to discuss the possibility of filing for 372:Canada Development Investment Corporation 5226:Government policy and spending responses 5192:Government National Mortgage Association 3661:"Government Sells Last of Its GM Shares" 2852: 2850: 2516:"GM asks for bankruptcy sale in 30 days" 1988:"'Bankruptcy likely' for General Motors" 1794:"General Motors - countdown to collapse" 1771:"GENERAL MOTORS CORPORATION - Form 10-K" 1661: 1659: 1657: 1639: 1637: 1635: 1633: 1631: 118:Chapter 11, Title 11, United States Code 5286:2008 United Kingdom bank rescue package 3745:Checkler, Joseph (September 27, 2012). 3501:"MLC General Unsecured Creditors Trust" 3312:"U.S. Lays Down Terms for Auto Bailout" 2930:"General Motors Aims for IPO Next Year" 2903:"GM plans to exit bankruptcy this week" 2876:de la Merced, Michael (July 10, 2009). 1322: 1307:Automotive industry crisis of 2008–2010 770:On June 5, 2009, GM announced that the 741:On June 1, 2009, GM announced that the 433:automotive industry crisis of 2008–2010 208:Automotive industry crisis of 2008–2010 3659:Healey, James R. (December 10, 2013). 3618:Government sells last of its GM shares 3495: 3493: 3491: 3489: 3100: 3098: 2905:. Xinhua. July 7, 2009. Archived from 1724: 1722: 1720: 1472:. June 1, 2009. p. General Motors 5271:Temporary Liquidity Guarantee Program 5241:Banking (Special Provisions) Act 2008 5162:Federal Deposit Insurance Corporation 2831:. Wall Street Journal. Archived from 1730:General Motors Aims for IPO Next Year 1697:Tkaczyk, Christopher (June 1, 2009). 1154:May 4, 2009: German Economy Minister 817:On February 23, 2010 GM sold Saab to 139:The company received $ 33 billion in 7: 5601:Great Recession in the United States 5157:Consumer Financial Protection Bureau 4952: 3363:"Detroit Free Press. April 22, 2009" 2607:"A Primer on the New General Motors" 2605:Maynard, Micheline (July 10, 2009). 2219:. Securities and Exchange Commission 1746:General Motors (November 16, 2009). 725:A creditor meeting, at the New York 5447:Collateralized mortgage obligations 3599:Burr, Barry S. (February 23, 2009). 3131:Woodyard, Chris (August 26, 2009). 2544:Christopher Scinta (June 2, 2009). 2329:Moreano, Giovanny (March 7, 2017). 1581:Maynard, Micheline (May 29, 2009). 1172:, the fourth largest filing in the 4796:General Motors Research Laboratory 3698:from the original on April 8, 2016 2985:Harrison, Edward (June 10, 2009). 2741:Goldstein, Steve (June 16, 2009). 2239:"Germany picks Magna to save Opel" 2042:"US begins GM bankruptcy planning" 1962:"GM chief out in bailout shakeout" 1462:"The 10 largest U.S. bankruptcies" 1427:. Associated Press. Archived from 1312:Chrysler Chapter 11 reorganization 1151:(which ended production in 2004). 1108:March 29, 2009: GM's Chairman and 918:, Chapter 3, Subchapter IV of the 778:. GM was to continue to build the 733:, was scheduled for June 3, 2009. 540:Proposed sale of Opel and Vauxhall 25: 5542:2007–2008 world food price crisis 5342:Chinese economic stimulus program 5327:2008 European Union stimulus plan 5251:Commercial Paper Funding Facility 4072:Industries Mécaniques Maghrébines 2859:. Retrieved on September 9, 2012. 2474:Edvard Pettersso (June 2, 2009). 2378:Glater, Jonathan (June 1, 2009). 2275:Vlasic, Bill (November 3, 2009). 2063:Hipwell, Deirdre (May 22, 2009). 1821:Usborne, D. (November 14, 2008). 1553:Sanger, David E. (May 31, 2009). 895:, through its health-care trust ( 5570:List of countries by public debt 5197:National Asset Management Agency 4951: 4942: 4941: 4922:Commercial Utility Cargo Vehicle 4031: 3388:Valdes, Peter (April 24, 2009). 3053:Isidore, Chris (July 10, 2009). 2448:Joseph B. White (June 2, 2009). 839:Chapter 11 bankruptcy protection 586:On the morning of June 1, 2009, 503:Efforts to sell General Motors' 144:and US$ 172.81 billion in debt. 5525:2008 Central Asia energy crisis 5442:Collateralized debt obligations 3552:Chris Isidore (July 10, 2009). 3229:"Saab Distances Itself from GM" 963:(a former railroad executive), 5332:2008–2009 Keynesian resurgence 5177:Federal Housing Finance Agency 5172:Federal Housing Administration 3529:. July 9, 2009. Archived from 2954:Evarts, Eric (June 23, 2009). 1885:. Retrieved November 21, 2008. 1075:Troubled Assets Relief Program 887:, in right of both Canada and 631:President of the United States 176:fourth-largest in U.S. history 141:debtor-in-possession financing 122:United States bankruptcy court 1: 5347:Economic Stimulus Act of 2008 5281:Troubled Asset Relief Program 5207:Office of Financial Stability 5182:Federal Housing Finance Board 5116:Société Générale trading loss 3440:. May 5, 2009. Archived from 3265:Tom Krisher (March 5, 2009). 3011:Beene, Ryan (April 1, 2009). 2717:"GM to sell Saturn to Penske" 2633:Smith, Aaron (June 2, 2009). 2425:Jeremy Smerd (June 1, 2009). 1769:General Motors Corp. (2005). 1736:. Retrieved on July 10, 2009. 1651:. Retrieved on July 10, 2009. 1419:Beck, Rachel (June 2, 2009). 1287:Southern District of New York 1274:Troubled Asset Relief Program 1012:, potentially merging two of 928:Lehman Brothers Holdings Inc. 731:United States Trustee Program 698:and provincial government of 499:Earlier restructuring efforts 223:New GM (as of July 10, 2009) 218:Old GM (before July 10, 2009) 126:Southern District of New York 5266:Irish emergency budget, 2009 3581:. detnews.com. March 5, 2009 3414:. Auto Observer. May 6, 2009 2575:James Quinn (June 1, 2009). 1934:Clark, A. (March 30, 2009). 1854:Gow, D. (November 8, 2008). 1792:Wearden, G. (May 28, 2009). 855:Dow Jones Industrial Average 149:Dow Jones Industrial Average 3607:Retrieved on July 15, 2009. 3605:Pensions & Investments. 3019:. Crain Communications, Inc 2823:Godt, Nick (June 1, 2009). 2256:Weber, Tim (May 30, 2009). 2134:. Firedoglake. May 14, 2009 1192:joint venture with Toyota. 1165:June 1, 2009: GM filed for 1057:Cerberus Capital Management 1006:Cerberus Capital Management 774:brand would be sold to the 5632: 5565:2007–2008 financial crisis 5457:Mortgage-backed securities 5068:Automotive industry crisis 4928:Concept of the Corporation 4885:Motors Liquidation Company 4371:Chevrolet-Saturn of Harlem 3774:Motors Liquidation Company 2454:Wall Street Journal Online 1645:GM Emerges From Bankruptcy 1238: 1216:Motors Liquidation Company 1210:Motors Liquidation Company 1207: 1204:Motors Liquidation Company 1156:Karl-Theodor zu Guttenberg 1135:March 31, 2009: President 873:Motors Liquidation Company 716:Motors Liquidation Company 644:Court schedule and motions 596:General Motors Corporation 588:Chevrolet-Saturn of Harlem 378:, Old GM bondholders, and 201: 5616:General Motors litigation 5611:2009 in the United States 5555: 5462:Secondary mortgage market 5383:rescues, and acquisitions 5381:Government interventions, 5372:Zero interest-rate policy 5220: 5083:Housing market correction 4937: 4117: 4029: 3785:"GM Viability Assessment" 702:with an 11.7% stake, the 204:History of General Motors 106:General Motors Chapter 11 5480:(United States; c. 2009) 5212:UK Financial Investments 5097:Banking losses and fraud 5088:Subprime mortgage crisis 5073:California budget crisis 2071:. London. Archived from 1831:. London. Archived from 1198:United States Government 801:Koenigsegg Automotive AB 640:after the court filing. 116:was implemented through 5498:(worldwide; 2011–2012) 5437:Auction rate securities 5167:Federal Home Loan Banks 4880:Ignition switch recalls 4771:GM Building (Manhattan) 4674:North American Aviation 4590:Holden Special Vehicles 4440:Electronic Data Systems 4408:Delta Motor Corporation 3751:The Wall Street Journal 2690:www.channelnewsasia.com 2458:Dow Jones & Company 1734:The Wall Street Journal 1649:The Wall Street Journal 909:initial public offering 881:General Motors Company. 848:Adelphia Communications 776:Penske Automotive Group 636:made a speech from the 192:initial public offering 5187:Federal Reserve System 5061:United States-specific 4875:Companion make program 4761:GM Building (Broadway) 4614:Hughes Network Systems 3434:"Fiat targets GM unit" 1996:. London. May 27, 2009 1229: 368:United States Treasury 72:2008 automotive crisis 5537:Decline of newspapers 5484:2009 May Day protests 5430:and financial markets 5320:Stimulus and recovery 4766:GM Building (Detroit) 4432:Electro-Motive Diesel 4014:GM Specialty Vehicles 3923:Chevrolet Performance 3438:Winston-Salem Journal 1124:may need to use "our 1096:Deloitte & Touche 1049:Chapter 11 bankruptcy 1014:Detroit's "Big Three" 891:, held 11.7% and the 708:Canadian Auto Workers 577:Chapter 11 protection 484:into settlements. GM 474:Chapter 11 bankruptcy 376:Government of Ontario 130:employee compensation 82:U.S. bankruptcy court 5560:European debt crisis 5452:Credit default swaps 5428:Securities involved 5234:stability and reform 4900:Streetcar conspiracy 4632:Kettering University 4488:Ghandhara Industries 4472:Fleetwood Metal Body 4334:Allison Transmission 3938:GM Certified Service 3694:. December 1, 2012. 3042:ch. 3, subch. IV 2675:(Official statement) 2431:Workforce Management 1055:, which is owned by 1032:and President-elect 983:Brand reorganization 611:debtor in possession 517:credit default swaps 5520:2000s energy crisis 5232:Banking and finance 5150:Government entities 4776:GM Technical Center 4645:National City Lines 3962:Global subsidiaries 3620:, December 10, 2013 3208:. February 14, 2009 3157:on December 5, 2010 2934:Wall Street Journal 2909:on February 4, 2015 2835:on January 28, 2013 2804:on January 29, 2013 2774:. November 24, 2009 2582:The Daily Telegraph 2556:on January 23, 2009 2486:on January 22, 2009 2170:on October 20, 2012 2044:. BBC. May 28, 2009 967:(the former CEO of 901:unsecured creditors 893:United Auto Workers 566:Magna International 505:European operations 462:Bush administration 214: 38: 5502:Occupy Wall Street 5478:Tea Party protests 5136:Scott W. Rothstein 4791:Renaissance Center 4781:GM Proving Grounds 4714:Rochester Products 4606:Hughes Electronics 4512:GM Diesel Division 3726:. December 1, 2012 3723:The New York Times 3691:The New York Times 3554:"'New' GM is Born" 3444:on August 20, 2012 2798:MotorAuthority.com 2612:The New York Times 2385:The New York Times 2282:The New York Times 2110:The New York Times 1913:The New York Times 1835:on January 1, 2009 1588:The New York Times 1560:The New York Times 1532:The New York Times 1470:Cable News Network 1235:New General Motors 996:Timeline 2008–2009 989:brand architecture 975:(GM Chairman) and 920:United States Code 857:, and replaced by 833:363 Sale of assets 823:Swedish Automobile 590:, a dealership in 404:$ 94.7 billion USD 212: 5578: 5577: 5547:Retail apocalypse 5492:(MENA; 2010–2012) 5423: 5422: 5419: 5418: 5315: 5314: 5295:Bank stress tests 4965: 4964: 4855: 4814:William C. Durant 4744: 4736: 4728: 4724:United Australian 4710: 4702: 4694: 4686: 4678: 4670: 4662: 4654: 4641: 4626: 4618: 4610: 4602: 4592: 4585: 4572: 4564: 4556: 4548: 4540: 4532: 4524: 4516: 4508: 4500: 4492: 4484: 4476: 4468: 4460: 4452: 4444: 4436: 4428: 4420: 4412: 4404: 4395:Delco Electronics 4391: 4383: 4367: 4359: 4358:(24%) (1924–1948) 4350:Atlantic Aircraft 4346: 4338: 4330: 4315:Former divisions, 4310: 4309: 4268: 4261: 4247: 4240: 4226: 4219: 4212: 4205: 4198: 4191: 4177: 4170: 4163: 4099: 4092: 4084: 4076: 4068: 4060: 4052: 4027: 4026: 3601:GM's pension fund 3468:Los Angeles Times 3369:on April 27, 2009 2673:Sichuan Tengzhong 2367:on June 13, 2010. 2200:on April 3, 2009. 1614:Los Angeles Times 1182:Washington Mutual 965:Patricia F. Russo 932:Washington Mutual 564:of Russia (35%), 429: 428: 412:$ 17 billion USD 184:Washington Mutual 102: 101: 16:(Redirected from 5623: 5471:Social responses 5396: 5292: 5222: 4992: 4985: 4978: 4969: 4955: 4954: 4945: 4944: 4853: 4786:Factories (list) 4742: 4734: 4726: 4708: 4700: 4692: 4684: 4676: 4668: 4661:(36%, 1990–2002) 4660: 4658:New Venture Gear 4652: 4639: 4624: 4616: 4608: 4600: 4588: 4583: 4576:GMC Heavy Trucks 4570: 4568:GMAC Real Estate 4562: 4554: 4546: 4538: 4530: 4522: 4514: 4506: 4498: 4490: 4482: 4474: 4466: 4458: 4450: 4442: 4434: 4426: 4418: 4410: 4402: 4389: 4381: 4379:Cleveland Diesel 4375: 4365: 4363:Chevrolet Europe 4357: 4344: 4336: 4328: 4319:and subsidiaries 4264: 4257: 4243: 4236: 4222: 4215: 4208: 4201: 4194: 4187: 4173: 4166: 4159: 4115: 4095: 4090: 4082: 4074: 4066: 4064:HRL Laboratories 4058: 4050: 4035: 4034: 3855: 3835: 3828: 3821: 3812: 3806: 3804: 3802: 3797:on April 7, 2009 3796: 3789: 3762: 3761: 3759: 3757: 3742: 3736: 3735: 3733: 3731: 3714: 3708: 3707: 3705: 3703: 3682: 3676: 3675: 3673: 3671: 3656: 3647: 3646: 3644: 3642: 3637:. April 30, 2014 3627: 3621: 3614: 3608: 3597: 3591: 3590: 3588: 3586: 3575: 3569: 3568: 3566: 3564: 3549: 3543: 3542: 3540: 3538: 3533:on July 10, 2009 3519: 3513: 3512: 3510: 3508: 3497: 3484: 3483: 3481: 3479: 3470:. Archived from 3460: 3454: 3453: 3451: 3449: 3430: 3424: 3423: 3421: 3419: 3408: 3402: 3401: 3399: 3397: 3385: 3379: 3378: 3376: 3374: 3365:. Archived from 3359: 3353: 3352: 3350: 3348: 3337: 3331: 3326: 3320: 3319: 3307: 3301: 3300: 3298: 3296: 3291:. March 12, 2009 3281: 3275: 3274: 3262: 3256: 3255: 3243: 3237: 3236: 3224: 3218: 3217: 3215: 3213: 3198: 3192: 3184: 3178: 3173: 3167: 3166: 3164: 3162: 3153:. Archived from 3147: 3141: 3140: 3128: 3122: 3121: 3119: 3117: 3108:. Archived from 3102: 3093: 3092: 3090: 3088: 3073: 3067: 3066: 3064: 3062: 3050: 3044: 3035: 3029: 3028: 3026: 3024: 3008: 3002: 3001: 2999: 2997: 2991:Naked Capitalism 2982: 2976: 2975: 2973: 2971: 2966:on June 26, 2009 2962:. Archived from 2960:Consumer Reports 2951: 2945: 2944: 2942: 2940: 2925: 2919: 2918: 2916: 2914: 2899: 2893: 2892: 2890: 2888: 2873: 2860: 2854: 2845: 2844: 2842: 2840: 2820: 2814: 2813: 2811: 2809: 2800:. Archived from 2790: 2784: 2783: 2781: 2779: 2764: 2758: 2757: 2755: 2753: 2738: 2732: 2731: 2729: 2727: 2712: 2706: 2705: 2703: 2701: 2696:on March 1, 2010 2692:. Archived from 2682: 2676: 2670: 2664: 2663: 2656: 2650: 2649: 2647: 2645: 2630: 2624: 2623: 2621: 2619: 2602: 2587: 2586: 2572: 2566: 2565: 2563: 2561: 2552:. Archived from 2541: 2524: 2523: 2511: 2496: 2495: 2493: 2491: 2482:. Archived from 2471: 2462: 2461: 2445: 2439: 2438: 2437:on June 2, 2009. 2422: 2416: 2415: 2403: 2397: 2396: 2394: 2392: 2375: 2369: 2368: 2363:. 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March 30, 2009 1958: 1952: 1951: 1949: 1947: 1931: 1925: 1924: 1922: 1920: 1903: 1897: 1892: 1886: 1880: 1874: 1873: 1871: 1869: 1851: 1845: 1844: 1842: 1840: 1818: 1812: 1811: 1809: 1807: 1789: 1783: 1782: 1780: 1778: 1766: 1760: 1759: 1757: 1755: 1743: 1737: 1726: 1715: 1714: 1712: 1710: 1694: 1683: 1682: 1680: 1678: 1663: 1652: 1641: 1626: 1625: 1623: 1621: 1606: 1600: 1599: 1597: 1595: 1578: 1572: 1571: 1569: 1567: 1550: 1544: 1543: 1541: 1539: 1522: 1516: 1515: 1513: 1511: 1495: 1482: 1481: 1479: 1477: 1458: 1452: 1447: 1441: 1440: 1438: 1436: 1431:on June 12, 2009 1416: 1407: 1406: 1404: 1402: 1392: 1384: 1375: 1374: 1372: 1370: 1355: 1338: 1332: 821:, later renamed 718:("Old GM") (see 692:section 363 sale 349:U.S. Dealerships 215: 157:Over the Counter 151:and replaced by 112:and some of its 39: 21: 5631: 5630: 5626: 5625: 5624: 5622: 5621: 5620: 5581: 5580: 5579: 5574: 5551: 5508: 5496:Occupy movement 5466: 5429: 5415: 5394: 5382: 5376: 5311: 5290: 5233: 5227: 5216: 5145: 5092: 5056: 5001: 4999:Great Recession 4996: 4966: 4961: 4933: 4858: 4846:World of Motion 4834: 4825:Alfred P. Sloan 4800: 4747: 4598:Hughes Aircraft 4536:GM South Africa 4373: 4318: 4316: 4306: 4273: 4141: 4110: 4104: 4036: 4032: 4023: 4019:Cadillac Europe 3957: 3901: 3850: 3844: 3839: 3800: 3798: 3794: 3787: 3783: 3770: 3765: 3755: 3753: 3744: 3743: 3739: 3729: 3727: 3716: 3715: 3711: 3701: 3699: 3684: 3683: 3679: 3669: 3667: 3658: 3657: 3650: 3640: 3638: 3629: 3628: 3624: 3615: 3611: 3598: 3594: 3584: 3582: 3577: 3576: 3572: 3562: 3560: 3551: 3550: 3546: 3536: 3534: 3521: 3520: 3516: 3506: 3504: 3499: 3498: 3487: 3477: 3475: 3474:on July 2, 2009 3462: 3461: 3457: 3447: 3445: 3432: 3431: 3427: 3417: 3415: 3410: 3409: 3405: 3395: 3393: 3392:. Money.cnn.com 3387: 3386: 3382: 3372: 3370: 3361: 3360: 3356: 3346: 3344: 3339: 3338: 3334: 3327: 3323: 3309: 3308: 3304: 3294: 3292: 3283: 3282: 3278: 3264: 3263: 3259: 3245: 3244: 3240: 3226: 3225: 3221: 3211: 3209: 3200: 3199: 3195: 3185: 3181: 3174: 3170: 3160: 3158: 3149: 3148: 3144: 3130: 3129: 3125: 3115: 3113: 3112:on June 4, 2012 3104: 3103: 3096: 3086: 3084: 3083:on May 12, 2013 3075: 3074: 3070: 3060: 3058: 3057:. Money.cnn.com 3052: 3051: 3047: 3036: 3032: 3022: 3020: 3017:Automotive News 3010: 3009: 3005: 2995: 2993: 2984: 2983: 2979: 2969: 2967: 2953: 2952: 2948: 2938: 2936: 2927: 2926: 2922: 2912: 2910: 2901: 2900: 2896: 2886: 2884: 2875: 2874: 2863: 2855: 2848: 2838: 2836: 2822: 2821: 2817: 2807: 2805: 2792: 2791: 2787: 2777: 2775: 2766: 2765: 2761: 2751: 2749: 2747:MarketWatch.com 2740: 2739: 2735: 2725: 2723: 2714: 2713: 2709: 2699: 2697: 2684: 2683: 2679: 2671: 2667: 2658: 2657: 2653: 2643: 2641: 2632: 2631: 2627: 2617: 2615: 2604: 2603: 2590: 2574: 2573: 2569: 2559: 2557: 2543: 2542: 2527: 2513: 2512: 2499: 2489: 2487: 2473: 2472: 2465: 2447: 2446: 2442: 2424: 2423: 2419: 2405: 2404: 2400: 2390: 2388: 2377: 2376: 2372: 2354: 2353: 2346: 2336: 2334: 2328: 2327: 2323: 2313: 2311: 2310:. March 6, 2017 2302: 2301: 2297: 2287: 2285: 2274: 2273: 2269: 2255: 2254: 2250: 2245:. May 30, 2009. 2237: 2236: 2232: 2222: 2220: 2210: 2209: 2205: 2188: 2187: 2183: 2173: 2171: 2167: 2156: 2152: 2151: 2147: 2137: 2135: 2130: 2129: 2125: 2115: 2113: 2112:. June 23, 2009 2104: 2103: 2099: 2092: 2088: 2078: 2076: 2062: 2061: 2057: 2047: 2045: 2040: 2039: 2035: 2025: 2023: 2014: 2013: 2009: 1999: 1997: 1993:The Independent 1986: 1985: 1981: 1971: 1969: 1960: 1959: 1955: 1945: 1943: 1933: 1932: 1928: 1918: 1916: 1905: 1904: 1900: 1893: 1889: 1881: 1877: 1867: 1865: 1853: 1852: 1848: 1838: 1836: 1828:The Independent 1820: 1819: 1815: 1805: 1803: 1791: 1790: 1786: 1776: 1774: 1773:. p. II–53 1768: 1767: 1763: 1753: 1751: 1750:(Press release) 1745: 1744: 1740: 1727: 1718: 1708: 1706: 1696: 1695: 1686: 1676: 1674: 1665: 1664: 1655: 1642: 1629: 1619: 1617: 1608: 1607: 1603: 1593: 1591: 1580: 1579: 1575: 1565: 1563: 1552: 1551: 1547: 1537: 1535: 1524: 1523: 1519: 1509: 1507: 1497: 1496: 1485: 1475: 1473: 1460: 1459: 1455: 1448: 1444: 1434: 1432: 1418: 1417: 1410: 1400: 1398: 1390: 1386: 1385: 1378: 1368: 1366: 1365:on June 7, 2009 1357: 1356: 1341: 1333: 1324: 1320: 1303: 1283: 1270: 1260:be paid to the 1257: 1252: 1243: 1237: 1212: 1206: 1178:Lehman Brothers 1130:U.S. Government 1126:bankruptcy code 1118:Fritz Henderson 998: 985: 977:Fritz Henderson 961:Robert D. Krebs 953:David Bonderman 885:Queen of Canada 835: 797: 768: 739: 688: 646: 627:Fritz Henderson 584: 579: 542: 526: 501: 457:Washington D.C. 337:Vauxhall Motors 267:Vauxhall Motors 210: 202:Main articles: 200: 180:Lehman Brothers 33:General Motors 28: 23: 22: 15: 12: 11: 5: 5629: 5627: 5619: 5618: 5613: 5608: 5606:2009 in Canada 5603: 5598: 5596:General Motors 5593: 5583: 5582: 5576: 5575: 5573: 5572: 5567: 5562: 5556: 5553: 5552: 5550: 5549: 5544: 5539: 5534: 5529: 5528: 5527: 5516: 5514: 5513:Related topics 5510: 5509: 5507: 5506: 5505: 5504: 5493: 5487: 5481: 5474: 5472: 5468: 5467: 5465: 5464: 5459: 5454: 5449: 5444: 5439: 5433: 5431: 5425: 5424: 5421: 5420: 5417: 5416: 5414: 5413: 5411:General Motors 5408: 5402: 5400: 5393: 5392: 5386: 5384: 5378: 5377: 5375: 5374: 5369: 5364: 5359: 5357:Green New Deal 5354: 5349: 5344: 5339: 5334: 5329: 5323: 5321: 5317: 5316: 5313: 5312: 5310: 5309: 5304: 5298: 5296: 5289: 5288: 5283: 5278: 5273: 5268: 5263: 5258: 5253: 5248: 5243: 5237: 5235: 5229: 5228: 5225: 5218: 5217: 5215: 5214: 5209: 5204: 5199: 5194: 5189: 5184: 5179: 5174: 5169: 5164: 5159: 5153: 5151: 5147: 5146: 5144: 5143: 5141:Allen Stanford 5138: 5133: 5128: 5123: 5118: 5113: 5112: 5111: 5100: 5098: 5094: 5093: 5091: 5090: 5085: 5080: 5078:Housing bubble 5075: 5070: 5064: 5062: 5058: 5057: 5055: 5054: 5049: 5048: 5047: 5037: 5032: 5031: 5030: 5025: 5015: 5009: 5007: 5003: 5002: 4997: 4995: 4994: 4987: 4980: 4972: 4963: 4962: 4960: 4959: 4949: 4938: 4935: 4934: 4932: 4931: 4924: 4919: 4918: 4917: 4912: 4907: 4905:1945–46 strike 4902: 4897: 4895:Reorganization 4892: 4887: 4882: 4877: 4866: 4864: 4863:Related topics 4860: 4859: 4857: 4856: 4848: 4842: 4840: 4836: 4835: 4833: 4832: 4827: 4822: 4817: 4810: 4808: 4802: 4801: 4799: 4798: 4793: 4788: 4783: 4778: 4773: 4768: 4763: 4757: 4755: 4749: 4748: 4746: 4745: 4737: 4729: 4721: 4716: 4711: 4703: 4695: 4687: 4679: 4671: 4663: 4655: 4647: 4642: 4634: 4629: 4628: 4627: 4611: 4603: 4595: 4594: 4593: 4578: 4573: 4565: 4557: 4549: 4541: 4533: 4525: 4517: 4509: 4501: 4493: 4485: 4477: 4469: 4461: 4453: 4445: 4437: 4429: 4421: 4416:Detroit Diesel 4413: 4405: 4397: 4392: 4384: 4376: 4368: 4360: 4352: 4347: 4342:Ally Financial 4339: 4331: 4326:Allison Engine 4322: 4320: 4317:joint ventures 4312: 4311: 4308: 4307: 4305: 4304: 4303: 4302: 4292: 4287: 4281: 4279: 4275: 4274: 4272: 4271: 4270: 4269: 4262: 4250: 4249: 4248: 4241: 4229: 4228: 4227: 4220: 4213: 4206: 4199: 4192: 4180: 4179: 4178: 4171: 4164: 4151: 4149: 4143: 4142: 4140: 4139: 4134: 4129: 4124: 4118: 4112: 4106: 4105: 4103: 4102: 4101: 4100: 4088:SAIC-GM-Wuling 4085: 4077: 4069: 4061: 4053: 4044: 4042: 4038: 4037: 4030: 4028: 4025: 4024: 4022: 4021: 4016: 4011: 4006: 4001: 3996: 3991: 3986: 3981: 3976: 3971: 3965: 3963: 3959: 3958: 3956: 3955: 3950: 3945: 3940: 3935: 3930: 3925: 3920: 3915: 3909: 3907: 3906:Service brands 3903: 3902: 3900: 3899: 3894: 3893: 3892: 3887: 3877: 3872: 3867: 3861: 3859: 3858:Vehicle brands 3852: 3846: 3845: 3842:General Motors 3840: 3838: 3837: 3830: 3823: 3815: 3809: 3808: 3781: 3776: 3769: 3768:External links 3766: 3764: 3763: 3737: 3709: 3677: 3648: 3622: 3609: 3592: 3570: 3544: 3514: 3485: 3455: 3425: 3403: 3380: 3354: 3332: 3321: 3316:New York Times 3302: 3276: 3271:Yahoo! Finance 3257: 3238: 3233:New York Times 3219: 3193: 3179: 3168: 3142: 3123: 3094: 3068: 3045: 3030: 3003: 2977: 2946: 2920: 2894: 2882:New York Times 2861: 2846: 2815: 2785: 2759: 2733: 2707: 2677: 2665: 2651: 2625: 2588: 2567: 2525: 2497: 2463: 2440: 2417: 2398: 2370: 2344: 2321: 2295: 2267: 2248: 2230: 2203: 2181: 2145: 2123: 2097: 2086: 2055: 2033: 2007: 1979: 1953: 1926: 1898: 1887: 1875: 1846: 1813: 1784: 1761: 1738: 1716: 1684: 1673:. May 31, 2009 1653: 1627: 1616:. June 1, 2009 1601: 1573: 1545: 1517: 1506:. Bloomberg LP 1483: 1453: 1442: 1408: 1376: 1339: 1321: 1319: 1316: 1315: 1314: 1309: 1302: 1299: 1282: 1279: 1269: 1266: 1256: 1255:European loans 1253: 1251: 1248: 1241:General Motors 1239:Main article: 1236: 1233: 1208:Main article: 1205: 1202: 1176:history after 1030:George W. Bush 997: 994: 984: 981: 969:Alcatel-Lucent 945:Daniel Akerson 834: 831: 809:General Motors 796: 793: 767: 766:Sale of Saturn 764: 738: 737:Sale of Hummer 735: 729:, held by the 687: 684: 683: 682: 679: 676: 673: 645: 642: 583: 580: 578: 575: 541: 538: 525: 522: 500: 497: 427: 426: 423: 421:U.S. employees 418: 414: 413: 410: 405: 401: 400: 397: 392: 388: 387: 364: 359: 355: 354: 351: 346: 342: 341: 340: 339: 334: 329: 324: 319: 313: 308: 303: 296: 291: 290: 289: 284: 279: 274: 269: 264: 259: 254: 249: 243: 238: 233: 225: 224: 221: 219: 199: 196: 110:General Motors 100: 99: 93:General Motors 89: 85: 84: 79: 75: 74: 69: 65: 64: 59: 55: 54: 51: 47: 46: 43: 37:reorganization 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 5628: 5617: 5614: 5612: 5609: 5607: 5604: 5602: 5599: 5597: 5594: 5592: 5589: 5588: 5586: 5571: 5568: 5566: 5563: 5561: 5558: 5557: 5554: 5548: 5545: 5543: 5540: 5538: 5535: 5533: 5530: 5526: 5523: 5522: 5521: 5518: 5517: 5515: 5511: 5503: 5500: 5499: 5497: 5494: 5491: 5488: 5485: 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Index

GM bankruptcy
Chapter 11
Bankruptcy
2008 automotive crisis
U.S. bankruptcy court
General Motors
subsidiaries
General Motors
subsidiaries
Chapter 11, Title 11, United States Code
United States bankruptcy court
Southern District of New York
employee compensation
warranties
debtor-in-possession financing
Dow Jones Industrial Average
Cisco Systems
Over the Counter
Pink Sheets
OTCBB
Chapter 11
fourth-largest in U.S. history
Lehman Brothers
Washington Mutual
WorldCom.
initial public offering
History of General Motors
Automotive industry crisis of 2008–2010
Buick
Cadillac

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