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At least 125 people may have been killed in crashes related to defective ignition switches in General Motors Co. cars, according to the first batch of claims to a victims’ compensation fund.
Tagged with: General Motors Corp.
Read More »GM car owners claim bankruptcy fraud to keep lawsuits alive
General Motors Co.’s request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”
Tagged with: bankruptcy fraud General Motors Corp.
Read More »GM hearings revive debate on tougher penalties for automakers
Higher fines and jail time are being considered by U.S. lawmakers who grilled General Motors Co. Chief Executive Officer Mary Barra over why it took years to recall 2.6 million cars for faulty ignition switches.
Tagged with: General Motors Corp.
Read More »GM may add output of some sedans, SUVs
General Motors Co. said it may boost production of models such as the Chevrolet Equinox sport-utility vehicle and the Buick LaCrosse sedan because dealers are asking for more. Requests for Equinox SUVs totaled 29,000 for October, more than triple the ...
Tagged with: General Motors Corp.
Read More »GM’s Sleepy Hollow nightmare shows perils for closing factories
General Motors Corp. closed its minivan factory in Sleepy Hollow, N.Y., 13 years ago, after a record 82-year run for a company plant. Encouraged by the site’s views of the Hudson River, just 23 miles north of Manhattan, GM made ...
Tagged with: General Motors Corp.
Read More »GM sale appeal fails to get on fast track
An appeal of General Motors Corp.’s sale of most of its assets by asbestos claimants and car-accident victims shouldn’t go directly to the U.S. Court of Appeals in New York or block the deal’s closing, a judge said. U.S. Bankruptcy ...
Tagged with: General Motors Corp.
Read More »Appeal won’t block GM asset sale
General Motors Corp.’s sale of most of its assets to a U.S. Treasury-funded buyer won’t be stalled by the only appeal of a decision approving the transaction, a lawyer for objecting creditors said. Steven Jakubowski, a lawyer for creditors appealing ...
Tagged with: General Motors Corp.
Read More »GM has better case against creditors, lawyer says
General Motors Corp. has better legal arguments than creditors seeking to block this week’s planned sale of the carmaker’s best assets to a new entity, Chrysler lawyer Corinne Ball said. Ball, who works at Washington-based Jones Day, was the lead ...
Tagged with: General Motors Corp.
Read More »Wentzville braces for GM production cut
The possibility was always there. But the news that General Motors Corp. would indefinitely shut down one of two production shifts at its Wentzville plant still came as a shock. About 900 employees at the plant, which makes GMC Savana ...
Tagged with: Bankruptcy Economic Development Center of St. Charles County General Motors Corp. Greg Prestemon Wentzville
Read More »GM creditors to protest sale after Chrysler ruling
A group of individual General Motors Corp. bondholders plans to object to the carmaker’s planned sale of its best assets to a spinoff entity if they are recognized as an official bankruptcy committee, an investor lawyer said. GM creditors face ...
Tagged with: General Motors Corp.
Read More »GM bankruptcy seen as tale of best, worst of assets
When General Motors Corp. files for bankruptcy protection this week, a Dickensian tale of two legal processes will unfold. In one, a judge will be told that a new entity will emerge within three months with prized assets and a ...
Tagged with: Bankruptcy Chrysler General Motors Corp.
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