NEW YORK/DETROIT - General Motors Corp is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday, according to Reuters. A plan to split the corporation into a "new"...
DETROIT -- Ford says it completed a tender offer announced last month, reducing its debt by $9.9 billion, according to The Associated Press. About $4.3 billion in Ford's senior convertible notes were tendered. The auto maker says it will pay...
STOCKHOLM -- Saab Automobile, the troubled Swedish unit of General Motors Corp., has been contacted by some 20 potential buyers, with a sale planned in June, the car maker's lawyer said Monday, according to The Associated Press. Lawyer Guy Lofalk,...