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Tag Archives: General Motors

Behind Whitacre’s decision to leave GM

General Motors Co.’s board and bankers pressed Chief Executive Officer Ed Whitacre to either leave the automaker or commit to stay for years more to help them sell investors on the company’s initial public offering, three people with direct knowledge ...

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County drops valuation of GM property by 26%

The St. Charles County Board of Equalization has voted to approve Assessor Scott Shipman’s recommendation to reduce the assessed valuation of personal property at General Motors’ van-assembly plant in Wentzville. The county dropped the assessed value of GM’s personal property ...

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Law firms hurt by auto bankruptcies

Robert Palmer’s clients reacted in different ways when he broke the bad news that Chrysler’s and GM’s bankruptcies might wipe out their cases. The police officer whose arm was shattered when an airbag went off had seen it coming. Others ...

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Koster applauds new GM bankruptcy agreement

The newly approved bankruptcy agreement for General Motors is much improved over the original plan, Attorney General Chris Koster said in a statement Wednesday. Missouri and other states had objected to some of the original GM bankruptcy proposals, saying that ...

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GM sale faces objections from states, retirees

General Motors Corp.’s planned sale drew objections from at least 10 states, union retirees and Chrysler Group LLC, the other U.S. automaker that filed bankruptcy this year. Attorneys general from Connecticut, Kentucky, Missouri, Nebraska, Maryland, Vermont, Minnesota, North Dakota, Ohio ...

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Ruthless Wall Street offers GM’s only hope

On Tuesday, a Chinese company, Sichuan Tengzhong Heavy Industrial Machinery Co., announced plans to acquire the rights to the Hummer from General Motors Corp. It will keep the senior management and operational team. Wow. So you like the Hummer? Step ...

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Our political system was not designed to take charge of GM

Corporate bailouts and government takeovers of private corporations go against the free enterprise philosophy that is at the very heart of our economic system. The rationale for the current unprecedented number of corporate bailouts – in the auto, banking and ...

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GM retirees bully bondholders with Obama’s help

General Motors Corp.’s likely bankruptcy filing is being cast in some quarters as a fight between “money people” intent on making a killing and honest efforts by the government to save a company and jobs. In reality, GM’s demise comes ...

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