Report: GM To File Chapter 11 Bankruptcy On Monday

GM plans to file for Chapter 11 bankruptcy on Monday, then sell most of its assets to a new company. The bankruptcy should last 60-90 days and be financed with $50 billion of Treasury money. [Bloomberg] » 5/28/09 6:30pm 5/28/09 6:30pm

GM's Wagoner: Send Help... Please

Speaking with CNBC » 11/07/08 3:20pm 11/07/08 3:20pm's Phil LeBeau, who has spent today to more distressed people than Dr. Phil, GM CEO Rick Wagoner outlined how for the troubled automaker, and mentioned the "domino effect" losing GM would have on the economy ( as an aside, the claims 6.5 indirect jobs for each OEM job — whether that's supplier…

GM-Chrysler Merger Talks Suspended, Hummer And AC Delco Still For Sale

All the buzz over a potential Chrysler and GM merger » 11/07/08 12:30pm 11/07/08 12:30pm may be for naught as GM announced today that they've suspended talks in order to refocus on their business. Though GM claims it would have liked to try the merger, the lack of government help (seeing a trend here?) means it isn't possible at this time. Instead, GM…