Earlier this week, General Motors came out strong against a proposed $15 million settlement for thousands of claims related to the automaker’s ignition switch scandal, a weird scenario that pitted GM against “Old” GM. After duking it out in court, the settlement’s off the table, according to Bloomberg, meaning GM…
It's been three years now since American taxpayers forked over billions of dollars to put General Motors through bankruptcy. The new version of GM is back on its feet, making money again, even if its shareholders would like to see their stock do better.
Old GM creditors take on U.S. Treasury in bankruptcy court over who is entitled to the fruits of $1. [AutoNews]
Yesterday, CNBC inter-spliced their GM bankruptcy coverage with happier moments from the General's past (i.e., the 1950s). Either they were mocking GM or Kudlow was having another coke-fueled fantasy of Erin Burnett in an apron baking lasagna. [CNBC]