bankruptcy

GM Bankruptcy Opponents Get No Love In Court
GM Bankruptcy Opponents Get No Love In Court

On Monday, we told you that Judge Robert Gerber had given General Motors the OK to sell off its bad assets and lump the good ones into a new company. When he announced that decision on Sunday evening, Gerber instituted a four-day stay on the ruling to give plaintiffs time to file appeals. So far...Read More»

Steve Rattner, via the New York Times
Feds Want Out Of The Auto Business As Soon As Possible

On numerous occasions, de facto Car Czar Steven Rattner has said that neither he nor the U.S. government wants to be in the auto business--at least not for long. Those sentiments were reaffirmed yesterday when Rattner indicated that the feds are planning to sell off their 60.8% stake in the New GM...Read More»

General Motors Renaissance Center, Detroit, Michigan
General Motors Ready To Emerge From Bankruptcy

While most of America was enjoying a long holiday weekend full of cookouts and fireworks, Judge Robert Gerber was overseeing a very different sort of explosive activity in Manhattan: the conclusion of the General Motors bankruptcy trial. Late last night, Gerber ruled in favor of General Motors'...Read More»

General Motors Renaissance Center, Detroit, Michigan
General Motors Bankruptcy Saga Continues

In case you were wondering, we haven't said much about General Motors' bankruptcy trial because there hasn't been much to report. The government still hasn't budged on its July 10 deadline to see the General out of bankruptcy or liquidated; GM is still trying to sell off bad assets like superfund...Read More»

GM's Hyatt Hills Golf Complex
A Garage Sale For GM

In the market for a golf course? How about a toxic dump? Perhaps a parking lot in Flint, Michigan is more your speed? Get your checkbooks ready, because those three properties and many other holdings are about to be sold off as "bad assets" by General Motors (aka "Old GM"), so that the General can...Read More»

Koenigsegg CCR
General Motors Preps Saab For Koenigsegg's Basket

It's official: General Motors has reached a tentative agreement with Swedish outfit Koenigsegg to sell the Saab brand. So, Saab's probably going home. Cue the Peaches and Herb. Or "Major Tom", if that's your thing. According to a press release from GM, the high-end sports car manufacturer (along...Read More»

'Biggest Bankruptcies in History' via GOOD and Always With Honor
Graphic: Biggest Bankruptcies In History

Lots of people are complaining about the General Motors bankruptcy--at least the part about the federal government's multi-billion-dollar involvement in it. As a matter of fact, chances are pretty good that you're among those doing the grumbling. If so, perhaps you'll take comfort in this graphic...Read More»

U-Turn
General Motors Rekindles Flame With 41 Dealerships

General Motors has decided that maybe it's not such a great idea to ditch 41 dealers from its nationwide network. This comes as members of congress have second thoughts of their own about the GM bailout, thanks in part to the fallout from the preceding Chrysler bailout. When Chrysler cut 789...Read More»

Louisiana flag
Louisiana Balks At Licenses For New GM Dealers

In a move that's sure to please certain talk show hosts pushing for a GM boycott, the Louisiana Motor Vehicle Commission has said that auto dealers for the new General Motors might not be granted licenses to operate in the state. In a nutshell, LMVC executive director Lessie House is opposed to...Read More»

U.S. Senator Bob Corker (R-TN)
Senator Bob Corker Moves To Protect Disenfranchised Dealers

You might remember U.S. Senator Bob Corker (R-TN) from such hits as "The 2009 Auto Show tour" and "Don't close my GM plant!" Well, now the man who's had it in for Detroit is working on legislation to help dealers who've been cut by Chrysler and General Motors. In a nutshell, Corker's legislation...Read More»

Mercedes Benz bikes
Link Love From The Car Connection: Mercedes-Benz On Two Wheels, Lamborghini Goes Green, And GM Stops Jet-Setting

♦  Mercedes-Benz is launching three new rides. Upside: each has leather seating and offers great views. Downside: they're bicycles, and they start at $2400 a pop. [MotorAuthority] ♦  Only slightly less vexing than those Mercedes bikes: something called "The Hauler" from Lorax Motor...Read More»

Well-blinged Toyota Camry
Link Love From The Car Connection: Toyota Camry Blinged, Plus Videos For 'Mission One' Electric Motorcycle, Grand Turismo 5, And Jay Leno's EcoJet

♦  There's a lot of car bling on the market, but not everyone knows how to use it. We think the owner of this Toyota Camry did a pretty awesome job of walking the fine line between "80s futurism" and "chromed-out mid-life crisis". And hey: at least it gave gramps a weekend project...Read More»

Ford Oval on WHQ
GM and Chrysler Bankruptcies Cause Ford Worries About Competing

If you've thought about the General Motors and Chrysler bankruptcies for even a minute, ramifications for Ford Motor Company quickly surface as a big, "Hmmmm, wonder how that's gonna work out." Certainly, the folks at The Glass House (Ford's Dearborn, Michigan HQ) have been wondering. And wringing...Read More»

Audi A4 fueled by biogas
Link Love From The Car Connection: Audi Outraces Bugatti, Cash-For-Clunkers Rears Its Head, And A Look Back At The Top 50 Car Ads

♦  GM goes bankrupt, Susan Boyle loses a talent show, and a biogas-huffing Audi A4 (to your left) outraces a Bugatti? The 21st century is a strange and scary place. [Wired] ♦  Even the New York Times has gotten a little weepy over General Motors' fate. Check out their slideshow of...Read More»

Holden
General Motors' Holden Division Avoids Bankrputcy Axe: Cool RWD Chevrolets Still A Possibility

  In a move that mimics what might happen within an extended celebrity family, General Motors' Australian division, Holden, released a statement today that's essentially said, "We're doing just fine down here, thank you." The official language was more formal, and we quote, "Holden will continue...Read More»

2010 Ford Mustang
Smoking The Competition: Ford Planning To Increase Production

With GM following Chrysler into bankruptcy, Ford is again bucking the trend by quietly announcing that it plans to increase production in the third quarter of this year (beginning this month for those of you who aren't accountants). This move continues a trend of optimism that Ford Motor Company...Read More»

Chrysler and Fiat logos
The Other Bankruptcy: Chrysler Could Wrap Today

Yesterday, while much of America enjoyed beautiful weekend weather, lawyers for Chrysler, its dealers, the United Auto Workers union, and three Indiana pension funds huddled in federal court, racing toward an as-yet uncertain finish line. Although the dust is far from settled, chances are good that...Read More»

Bentley in camo
Link Love From The Car Connection: Bentley Bubba-fied, Dodge Viper Bid, And Chrysler's PR Team Tries To Stay Busy

♦  Sometimes you folks send in images that we can't explain, and frankly, we don't want to. Sometimes, we just want to stare in slackjawed amazement, as we're currently doing at this photo of a Bentley coupe that's been camouflaged--not just in "spy shot camo", but honest-to-Jughead "deer...Read More»

2009 Chevrolet Corvette
General Motors Products After Bankruptcy: Our Picks For Chevrolet

  We're a bit ahead of things, but what will General Motors look like when it emerges from Chapter 11 (provided it happens as planned on Monday, June 1)? Looking first at Chevy, here are my predictions on what will stay and go and when: Chevrolet Corvette: Makes money, a halo car for Chevy, hated...Read More»

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