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April 5, 2009 - April 11, 2009 Archives
GM in "intense" bankruptcy prep: source
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"...
April 7, 2009 12:35 pm
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Ford completes tender offer, cuts $10 billion in debt
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...
April 6, 2009 10:02 am
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Sweden's Saab in contact with 20 potential buyers
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,...
April 6, 2009 10:00 am
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