the stock becomes worthless because shareholders have no claims on GM assets in bankruptcy court. The stock (symbol GM) was unchanged on June 1, closing at 75 cents. The unlikely steadiness in GM ...
The solution hinges on the old, pre-bankruptcy GM, and the new company that emerged afterward. While the name is the same, on paper they are technically different firms. According to Automotive ...
General Motors is taking full ownership of GM Cruise Holdings LLC, which will be absorbed into the development team working on the Super Cruise driving system.
Delving into the details, we found 40% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we ...
WSJ's Mike Spector talks with Simon Constable how General Motors may emerge from bankruptcy sooner than previously thought. Plus, a discussion on who's really going to run the once-giant auto maker.
Though it received and delivered orders, EV startup Canoo just filed for Chapter 7 bankruptcy and ceased operations after ...
MANHATTAN — The Second Circuit vacated a New York federal court’s holding that an entity, which was created in General Motors’ bankruptcy to continue to investigate water pollution from a GM plant in ...
WSJ's John Stoll sits down with Matt Dolan to talk about the systemic risk posed by a GM bankruptcy, including the impact on suppliers and dealers as well as GM pension and health obligations.
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