General Motors Chapter 11 reorganization

1271:(VEBA) trust, $ 9 billion to the U.S. and Canadian governments, and $ 15 billion in liabilities to suppliers and other bills. GM was bound to pay $ 10 billion to the VEBA trust in December 2009, with the remainder being paid in increments from 2012-19. GM was not required to make contributions to its pension fund until 2013, but it could elect to if needed, since the company contributed $ 15.2 billion to its pension fund in 2003. Stock market conditions cause the fund value to fluctuate. In February 2009, GM's combined pension fund had about $ 85 billion in assets, $ 56 billion in assets for hourly pensions and $ 29 billion in assets for salaried pensions. 4040: 929:, a part of the Bankruptcy Code), the purchaser of the assets of a company in bankruptcy proceedings is able to obtain approval for the purchase from the court prior to the submission of a re-organization plan, free of liens and other claims. It is used in most Chapter 11 cases that involve a sale of property or other assets. This process is typical of large organizations with complex branding and intellectual property rights issues upon exiting bankruptcy. 4950: 4960: 1203:

changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the

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2009, General Motors announced that its cash reserves were down to $ 14 billion at the end of 2008. G.M. lost $ 30.9 billion, or $ 53.32 a share, in 2008 and spent $ 19.2 billion of its cash reserves. Mr. Wagoner met with President Obama’s auto task force, and the company said that it could not survive much longer without additional government loans.

910:. In other words, a company called "NGMCO Inc.", financed by the U.S. Treasury, Canada, and a labor union, purchased the desirable assets of "old GM" via the bankruptcy process, thus renaming it to "General Motors Company" and forming a "new GM". This marked the emergence of a new operation from the "pre-packaged" 519:. On May 31, 2009, news broke that the U.S. would initially likely become the largest shareholder of the reorganized GM following a bankruptcy filing and re-emergence from bankruptcy. The U.S. government would invest up to $ 50 billion and own 60% of the new GM and the Canadian government would own 12.5%. 1229:

Management continues to remind investors of its strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios. Stockholders of a company in chapter 11 generally receive value only if all claims of the company's

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Ltd. and a group of private investors (Mr. Suolang Duoji, a private entrepreneur with holdings that include the Hong Kong-listed thenardite producer Lumena, would have held the remaining 20 percent stake.) The sale would have net GM around $ 150 million. The deal would have included manufacturing to

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ran into difficulties, as the corporation was expected to file for bankruptcy protection by June 1, 2009. United States government officials suggested that, if they were satisfied with the company's plans to restructure, the U.S. government would take at least a 50% equity stake and reserve the right

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to complete the process. GM filed for Chapter 11 reorganization in the Manhattan New York federal bankruptcy court on June 1, 2009, at approximately 8:00 am EDT. June 1, 2009, was the deadline to supply an acceptable viability plan to the U.S. Treasury. The filing reported US$ 82.29 billion in assets

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announced that he would give GM 60 additional days to try and restructure their company and prove their viability. If they succeeded, Washington would provide General Motors with additional bridge loans. However, if GM could not meet the requirements set by the White House, a prepackaged bankruptcy

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GM received loans from European governments in 2009, and reduced its ownership stake in European operations as part of its reorganization. As of July 10, 2009, the new GM has over $ 40 billion in cash, with the company's reorganized liability total of $ 48.8 billion which includes $ 24.4 billion to

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None of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company (the

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Despite these developments, the organization expressed optimism in the future success of a "new GM". On July 10, 2009, after an auction process and approval by Judge Gerber concluded, GM's continuing operational assets and trademarks were transferred to the sole bidder, a primarily government-owned

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for Penske for two years, however, as of September 30, 2009, the deal had fallen through. Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned

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The new General Motors was named General Motors Company LLC, a separate and independent entity from the old corporation. The new company retained four of its major brands: Chevrolet, Cadillac, GMC, and Buick. It planned to keep 3,600 out of 6,000 of its US dealerships. Lastly, the company was also

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July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc" purchased most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn

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One of the first motions filed in court was one to void the leases on the seven corporate jets, and corporate aircraft hangar at Detroit Metropolitan Wayne County Airport, for being no longer valuable to the company's business — a lease that the company had, according to its spokesman, found

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of US$ 360.6 million to GM, and GM issued a note to the Treasury for US$ 360.6 million, plus $ 24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a separate

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of Canada (20%), and Opel employees and car dealers (10%). GM was expected to keep a 35% minority stake in the new company. It was announced on November 3, 2009, that the GM board had decided not to sell off Opel. However, after the reorganization in 2017, Opel and Vauxhall would later be sold to

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provided a "bridge loan" to General Motors with the requirement of a revised business plan. It said it needed $ 4.6 billion in loans within weeks, from the $ 18 billion it had already requested, and an additional $ 12 billion in financial support in order to stave off bankruptcy. On February 26,

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All three companies were unsuccessful in their attempts to obtain legislation to authorize U.S. government aid, and were invited to draft a new action plan for the sustainability of the industry. On December 2, 2008, General Motors submitted its "Restructuring Plan for Long-Term Viability" to the

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the US Treasury invested a total $ 51 billion into the GM bankruptcy. Until December 10, 2013, the U. S. Treasury recovered $ 39 billion from selling its GM stake. The final direct cost to the Treasury of the GM bailout was $ 11-12 billion ($ 10.5 billion for General Motors and $ 1.5 billion for

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automakers. Acquisition talks involving Chrysler were cancelled, however, before November 7, 2008, as part of a broader response to the increasing urgency of GM's own cash flow problems. That was a result of Chrysler's senior bank debt currently trading at less than 50 cents on the dollar and

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On June 1, 2009, the court gave interim approval to GM's request to borrow US$ 15 billion as debtor-in-possession funding, the company only having US$ 2 billion cash in hand. The United States Treasury argued in court that it was the only source of such debtor in possession funding, and that

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General Motors Corp.", and was case number 09-50026 in the Southern District, Manhattan, New York. General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges. The United States Treasury was represented by the United States Attorneys Office for the Southern

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and adopted a new corporate identity. The practice of putting the "GM Mark of Excellence" on every car, no matter what the brand, was discontinued in August 2009. The company moved from a 'corporate-endorsed, hybrid-brand' architecture structure (where GM underpinned every brand) to a

821:"We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM CEO Fritz Henderson in a statement. "Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week." 632:, where the company was headquartered). General Motors' attorneys, however, preferred to file in the federal courts in New York, because those courts have a reputation for expertise in bankruptcy. In a press conference later that day, the GM Chief Executive Officer, 1284:

former GM financing GMAC, now known as Ally). Local tax incentives amounted to $ 1.7 billion, most of them in Michigan. A study by the Center for Automotive Research found that the GM bailout saved 1.2 million jobs and preserved $ 34.9 billion in tax revenue.

672:. Other motions in the first-day hearing included motions to approve payments to key suppliers and to employees and distributors who are in possession of goods manufactured for General Motors. All motions passed in court without substantial objection. 1153:

April 24, 2009: GM announced that they will be scrapping the Pontiac brand in an effort to invest more money into their major brands (Buick, Cadillac, Chevrolet, and GMC). It was the second discontinuation of a major GM brand in the 21st century, after

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On November 7, 2008, General Motors reported it had projected it would run out of cash around mid-2009 without a combination of government funding, a merger, or sales of assets. Ten days later General Motors representatives, along with executives from

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in a federal Manhattan court in New York on June 1, 2009, at approximately 8:00 am, planning to re-emerge as a less debt-burdened organization. The filing reported US$ 82.29 billion in assets. The case was assigned to U.S. Bankruptcy Judge

1234:"new GM"), which is an independent separate company. All of these securities relate to Motors Liquidation Company, and will be treated in accordance with the provisions of the U.S. Bankruptcy Code and the rulings of the Bankruptcy court. 932:

As ranked by total assets, the Chapter 11 reorganization of "new GM" from the old is one of the largest successful corporate reorganizations in U.S. history, and the fourth-largest bankruptcy in U.S. history by total assets, following

1395:"Debtors Motion to Approve the Sale Pursuant to the Master Sale and Purchase Agreement with Vehicle Acquisition Holdings, LLC, a U.S. Treasury-sponsored Purchaser, Free and Clear of Liens, Claims, Encumbrances, and Other Interests" 442:. In 2005, the company posted a loss of US$ 10.6 billion (~$ 15.9 billion in 2023). In 2006, its attempts to obtain U.S. government financing to support its pension liabilities and also to form commercial alliances with 543:

account established by GM Warranty LLC, a new special purpose subsidiary of GM that was formed to operate the warranty program. GM also on May 29, 2009, contributed $ 49.2 million to GM Warranty LLC to fund the program.

701:. Because the price of these assets were very high, there was only one bidder in the auction, NGMCO Inc. ("New GM"). This company was formed by the United States government with a 60.8% stake, the federal government of 2863: 1077:. Sources said that setting up this type of "orderly" bankruptcy would be complicated because it would not only involve talks with the automakers, but also the unions and other stakeholders would have to be involved. 764:

On February 24, 2010, GM announced that the sale could not be completed with Sichuan Tengzhong and that they would discontinue the brand. They were approached by several other companies interested in purchasing the

1829: 2962: 818:. GM would have continued to supply architecture and powertrain technology for an unspecified amount of time. On November 24, 2009, it was announced that the sale of Saab to the Koenigsegg Group had collapsed. 1616: 1253:

shutting down 14 of its US plants, which would eliminate 20,000 of its 80,000 current employees. The present General Motors Company is a smaller, restructured version of the former General Motors Corporation.

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secured and unsecured creditors are fully satisfied. In this case, management strongly believes all such claims will not be fully satisfied, leading to its conclusion that the common stock will have no value.

999:'multiple-brand, corporate-invisible' brand architecture structure. The company's familiar square blue "badge" was removed from its website and advertising, in favor of a new, subtle all-text logo treatment. 526:

held by these creditors. Due to a lack of transparency, there was no way to find out who the CDS protection buyers and protection writers were, and they were subsequently left out of the negotiation process.

1365: 1428:"Corporate Bankruptcy: What Investors Need to Know: When debts outweigh assets, as with GM and Chrysler, protection can help businesses reorganize or liquidate. A guide to bankruptcy's risks and rewards" 1225:. It continued its bankruptcy court proceedings, exiting bankruptcy and splitting into four trusts. Motors Liquidation Company announced on July 10, 2009, in relation to its equity and debt investors: 918:(IPO) of stock in 2010. The directors of Motors Liquidation Company stated that they believed shares in the "old" GM would eventually have no value since the company had far more debts than assets. 1221:

General Motors Corporation, upon sale of its major assets, trademarks and intellectual property on July 10, 2009, pursuant to the provisions of section 363 of the Bankruptcy Code, was renamed as

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reorganization. The claims of former stakeholders and remaining pre-petition creditors of "old GM" would be handled by the "Motors Liquidation Company", with the new company planning to issue an

1109:". A qualified going concern audit letter like this is only issued by the auditors when the company is in extreme financial distress and it is likely that it may file for bankruptcy protection. 3112: 1031:

voted and strongly opposed any source of government assistance through a bailout bridge loan (originally worth $ 14 billion in emergency aid) which was aimed toward helping the struggling

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March 12, 2009: GM's CFO Ray Young said that it would not need the requested $ 2B (~$ 2.76 billion in 2023) in March noting that the cost-cutting measures are starting to take hold.

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because Chrysler's other owner – Daimler, formerly DaimlerChrysler – recently revalued its 19.9% Chrysler stake down to zero, which may or may not reflect its value in a potential sale.

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declined to provide financial aid to General Motors, and requested that General Motors produce credible plans, saying that the company's proposals had avoided tough decisions, and that

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A new entity with the backing of the United States Treasury was formed to acquire profitable assets, under section 363 of the Bankruptcy Code, with the new company planning to issue an

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was also forced to resign. GM bondholders rejected the government's first offer, but the unions agreed to the preferential terms. A bondholder debt to equity counteroffer was ignored.

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Some observers also claimed that creditors were encouraged to push GM into bankruptcy protection because it would trigger a credit event, and thus a beneficial financial payout, on

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On March 29, 2009, the U.S Treasury committed to fund a government guarantee of General Motors' warranty liabilities, up to US$ 360.6 million (~$ 498 million in 2023).

2071: 1839: 135:. The United States government-endorsed sale enabled the NGMCO Inc. ("New GM") to purchase the continuing operational assets of the old GM. Normal operations, including 5213: 2970: 2800: 1369: 2220:"Form 8-K General Motors Corporation: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (May 27, 2009)" 1135:

as a mechanism to help them restructure quickly and emerge stronger". He also announced that the warranties on cars made by these companies would be guaranteed by the

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reorganization. As ranked by total assets, GM's bankruptcy marks one of the largest corporate Chapter 11 bankruptcies in U.S. history. The Chapter 11 filing was the

624:, its preferred court. Normally, a company would file for bankruptcy in the courts located either in the state where the company is incorporated (which for GM was 450:

failed. For fiscal year 2007, GM's losses for the year were US$ 38.7 billion, (~$ 54.8 billion in 2023) and sales for the following year dropped by 45%.

143:, and other customer services were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing. 3702: 3470: 2583: 660:

District of New York and Cadwalader, Wickersham & Taft LLP. An ad hoc group of the bondholders of General Motors Corporation was also represented in court.

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against GM over payments made to hedge funds in 2009 in exchange for waiving of claims against GM's Canadian subsidiary. The deal, of which Judge

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brands and international operations, into a new company. Less than a week later, its Saab subsidiary filed for bankruptcy protection in Sweden.

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As part of a reorganization plan agreed to with the U.S., Canadian and Ontario governments, and the company's unions, General Motors filed for

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brand and began reviewing potential buyers. However, in the end no sale could be finalised and Hummer was declared defunct on May 24, 2010.

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On July 10, 2009, a new entity completed the purchase of continuing operations, assets and trademarks of GM as a part of the 'pre-packaged'

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sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.

5313: 5074: 4138: 2839: 1313: 1105:) issued a qualified opinion as part of GM's 2008 annual report that stated " raise substantial doubt about its ability to continue as a 439: 214: 78: 5358: 5282: 2337: 2100: 1268: 903: 718: 467:

Senate Banking Committee and House of Representatives Financial Services Committee. Congress declined to act, but in December 2008 the

2433: 1123:, agreed to immediately resign his position as part of an Obama administration automotive restructuring plan. Wagoner was replaced by 1080:

December 19, 2008: President Bush approved a bailout plan and gave General Motors and Chrysler $ 13.4 billion in financing from TARP (

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continue in the two plants that GM already uses to produce the Hummer trucks through June 2011, with a possible extension until 2012.

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December 18, 2008: President Bush announced that an "orderly" bankruptcy was one option being considered for both General Motors and

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The same day, GM reported 88,000 U.S. employees, and announced plans to reduce its U.S. workforce to 68,000 by the end of 2009.

5079: 4886: 4078: 3348:"Obama: GM Gets 60 Days to Restructure, Otherwise Quick Surgical Bankruptcy | GM-VOLT : Chevy Volt Electric Car Site" 2112: 1706:"The 10 Largest U.S. Bankruptcies: From Lehman to Texaco, the Mighty Have Fallen, Taking Down Billions and Billions with Them" 1589: 5548: 5277: 5247: 5168: 4881: 3113:"General Motors: A Reorganized Brand Architecture for a Reorganized Company « Merriam Associates, Inc. Brand Strategies" 2641: 2552: 2482: 2363: 4265: 3418: 1366:"GM Announces Agreement with U.S. Treasury and Canadian Governments Providing Fast Track to Competitive Future for "New GM"" 5308: 5163: 5029: 1942: 994:

In addition to selling off brands and killing brands like Pontiac and Goodwrench, General Motors Company restructured its

2022: 636:, stressed that he intended for the bankruptcy process to move quickly. In addition to Mr Henderson's press conference, 4906: 4777: 4272: 2679: 1705: 3478: 2723: 752:

brand would be discontinued. On October 9, they reached an agreement to sell their entire stake in the Hummer brand to

5622: 5617: 5453: 5338: 4759: 4746: 3196: 3044: 1318: 1032: 922: 3254: 2993: 5348: 5333: 5257: 201:(IPO) of stock in 2010. The remaining pre-petition creditors claims are paid from the former corporation's assets. 2666: 2138: 5576: 5203: 5034: 4928: 4792: 4251: 4143: 3448: 1777: 1456: 1066:, in a similar financial situation, warned that it, too, was nearly out of cash and might not survive much longer. 721:

fund with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake. The selling company was

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The purchase was supported by $ 50 billion in U.S. Treasury loans, giving the U.S. government a 60.8% stake. The

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Shortly after the Chapter 11 filing, it was announced that on Monday, June 8, 2009, GM would be removed from the

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December 12, 2008: General Motors stated that it was nearly out of cash, and may not survive past 2009. The

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is probable. President Obama reiterated that GM will be part of the future even if bankruptcy is necessary.

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filing on the day GM sought Chapter 11 protection, could prompt at the time a reopening of the 2009 case.

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Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, effective July 15, 2009.

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being one of the options discussed. GM stated that "all options are on the table" for the company.

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2009-07-10: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors.

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that is owned by GM itself, filed for bankruptcy protection there, followed in the same court by

198: 3208: 1755:"General Motors Announces the New Company's July 10-September 30 Preliminary Managerial Results" 609:, and Saturn LLC's subsidiary Saturn Distribution Corporation. All cases were assigned to Judge 5193: 4628: 4620: 4332: 4244: 2464: 27: 3607: 5543: 5490: 5443: 4526: 4510: 4438: 3985: 3929: 1534:"G.M. to Seek Bankruptcy and a New Start: A Risky Bet to Save an Icon of American Capitalism" 1394: 1150:

April 22, 2009: GM stated that it will not be able to make their June 1, 2009, debt payment.

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Prior to the U.S. Senate's announcement, General Motors announced that it had hired several

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GM Says It May Run Out of Operating Cash This Year (Update2) By Jeff Green and Mike Ramsey

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Under the reorganization process, termed a 363 sale (for Section 363 which is located in

8: 5526: 5458: 4651: 4643: 4020: 2588: 2170:(Press release). United States Department of the Treasury. March 30, 2009. Archived from 983: 899: 895: 710: 572: 3797:. Executive office of the President of the United States. March 30, 2009. Archived from 682:

2009-06-22: Deadline for making competing bids in the auction of General Motors' assets.

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OTC market under the symbol GMGMQ. On July 15, the stock symbol was changed to MTLQQ ("

829: 778: 516: 455: 288: 1127:. In announcing that plan, on March 30, 2009, President Obama stated that both GM and 483:

appeared the most promising way to reduce its debts, by allowing the courts to compel

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Website of the General Motors Claim Agent: Bankruptcy paperwork and related documents

3537: 1188: 1043:, along with some mild support from the Democratic and Republican political parties. 971: 938: 190: 154:

After the Chapter 11 filing, effective Monday, June 8, 2009, GM was removed from the

140: 2936: 2456: 1736: 1651: 4664: 4574: 4385: 4369: 4230: 4223: 4070: 3471:"GM ends 25-yr-old joint venture with Toyota to build cars, trucks at Calif. plant" 3158:"Approaches to Brand Architecture « Merriam Associates, Inc. Brand Strategies" 328: 258: 2264: 2245: 2048: 698: 5502: 5005: 4852: 4831: 4738: 4604: 4025: 1999: 1834: 1184: 1136: 1124: 967: 959: 934: 875: 811: 633: 564: 560: 463: 343: 293: 273: 186: 167: 3814:

Assessment of the GM plan of February 17, 2009, presented to the U.S. Government

3038: 2361: 5417: 5363: 5147: 4772: 4422: 4348: 4094: 4054: 3848: 2026: 1830:"The Big Question: Why is General Motors in such trouble, and can it be saved?" 1292:

In 2012, a trust representing "old" GM's unsecured creditors filed suit in the

1247: 1036: 1008: 975: 951: 815: 790: 484: 116: 99: 2994:"Is the GM section 363 Bankruptcy Plan Really a Stealth Re-organization Plan?" 1912: 5591: 5132: 5127: 5110: 4712: 4558: 4454: 4393: 3995: 1297: 1195:. On June 29, 2009, General Motors announced that they would discontinue the 1180: 1106: 1095: 955: 865: 850: 733: 679:

2009-06-19: Deadline for filing all objections to the sale of General Motors.

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The following table is a comparison (estimates) of the new GM and the old GM

174:), initially under the symbol GMGMQ and subsequently under the symbol MTLQQ. 159: 23: 1094:

under a plan that would assemble all of their viable assets, including some

4582: 3954: 3886: 1867: 1805: 1143: 1120: 1074: 1059: 1040: 853:, who had previously presided over another high-profile bankruptcy case of 640: 551:

On May 30, 2009, it was announced that a deal had been reached to transfer

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testified about their need for financial aid at a congressional hearing in

120: 3785: 3291: 2153: 1673: 1504: 874:$ GM was delisted from the NYSE. Beginning June 2, GM stock traded on the 5496: 5137: 4470: 1028: 963: 825: 786: 669: 644: 488: 16:

2009 bankruptcy filing by American automobile manufacturer General Motors

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David E. Sanger; David M. Herszenhorn; Bill Vlasic (December 19, 2008).

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Sandler, Linda; Chris Scinta; Bob Van Voris; Jeff Green (June 1, 2009).

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without the money from the loan General Motors would have no option but

4857: 4826: 4566: 4502: 4486: 4189: 4161: 3949: 3924: 3903: 3891: 3284: 3140:"General Motors to remove its 'Mark of Excellence' logos from new cars" 2362:

John Hughes; Caroline Salas; Jeff Green; Bob Van Voris (June 1, 2009).

1176: 1173: 1155: 1091: 1088: 1051: 911: 807: 794: 606: 577: 178: 102: 68: 2434:"General Motors' Workforce Faces Big Cuts at an 'Unadulterated Speed'" 1007:

October 10, 2008: GM considered exchanging its remaining 49% stake in

832:. The Saab brand would collapse under Spyker in 2012 after filing for 4836: 4259: 4238: 3881: 3084:"GM gets 5 new board members appointed by U.S., Canadian governments" 1389: 1387: 1347: 598: 567:) assets to a separate company majority-owned by a consortium led by 322: 317: 252: 247: 2985: 1500: 1498: 1496: 1494: 622:

United States Bankruptcy Court for the Southern District of New York

5412: 4704: 4062: 3876: 3233: 2667:"BREAKING: GM officially sells Hummer to China's Sichuan Tengzhong" 2338:"JPMorgan likes GM's exit from Europe, predicts rally on Opel sale" 1192: 1128: 1087:

As of February 14, 2009: General Motors was considering filing for

1016: 942: 629: 625: 568: 492: 459: 312: 242: 194: 4974: 3209:"GM considering Chapter 11 filing, new company: report | U.S" 1890:

Detroit Chiefs Plead for Aid. New York Times on November 18, 2008.

1525: 1421: 1419: 1384: 4430: 4086: 3919: 3817: 1507:"GM Files Bankruptcy to Spin Off More Competitive Firm (Update4)" 1491: 1047: 950:

On July 23, 2009, "new GM" announced its new board of directors:

530: 447: 3316: 3292:"GM says it doesn't need $ 2B from government - Autos- NBC News" 3011: 1609: 5397:

List of banks acquired or bankrupted during the Great Recession

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President Obama's remarks on U.S. auto industry, March 30, 2009

3252: 3062:"GM out of bankruptcy as new company is formed - Jul. 10, 2009" 2775:"Saab story: Sale to Koenigsegg falls apart, GM may kill brand" 2553:"GM Wins Approval of $ 15 Billion Loan, Auction Plan (Update1)" 1863:"We'll go bust without bail-out or merger, says General Motors" 1416: 766: 749: 443: 333: 278: 263: 2864:

General Motors Company and Subsidiaries Supplemental Material"

2483:"General Motors Asks Judge to Void Seven Corporate Jet Leases" 1035:

automakers financially, despite strong support from President

886:

entity called "NGMCO Inc.", which upon sale assumed the name

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Court Documents and Claim Register, 363 Transaction Pleadings

1368:(Press release). General Motors. June 1, 2009. Archived from 1196: 656: 616:

The filing by the dealership declared General Motors to be a

307: 237: 171: 5232: 2954: 1531: 1169:(among others) might be interested in the GM European unit. 655:

The General Motors Chapter 11 filing formally was entitled "

4696: 3638:"U.S. government says it lost $ 11.2 billion on GM bailout" 3234:

Dougherty, Carter; Maynard, Micheline (February 20, 2009).

1674:"Obama: GM bankruptcy viable, achievable - Autos- NBC News" 1532:

Sanger, David E.; Jeff Zeleny; Bill Vlasic (May 31, 2009).

1166: 556: 552: 338: 268: 3397:"GM to pull the plug on Pontiac car brand - Apr. 24, 2009" 2217: 810:

and a group of Norwegian investors planned to acquire the

628:), or where it conducts operations (which would have been 5263:

Dodd–Frank Wall Street Reform and Consumer Protection Act

3754:"Creditor Lawsuit Could Undo Elements of 2009 GM Bailout" 3693:"As Companies Seek Tax Deals, Governments Pay High Price" 2823: 2693:"Channelnewsasia.com - GM studying new offers for Hummer" 2607: 2605: 2603: 2601: 2599: 1902:

General Motors Restructuring Plan for Long-Term Viability

1116: 1084:) funds, as well as $ 4 billion to be "withdrawn later". 806:

On June 16, 2009, it was announced that the Swedish firm

496: 386: 3522: 2878: 2876: 2874: 2872: 2801:"Saab Sale Dead As Koenigsegg Group Terminates Purchase" 2364:"GM Begins Bankruptcy Process With Filing for Affiliate" 2161:"Obama Administration's New Warranty Commitment Program" 2072:"US 'to steer General Motors into bankruptcy next week'" 1101:

March 5, 2009: GM's independent public accounting firm (

1617:"Worthless GM stock will keep trading, but not on NYSE" 675:

The case schedule laid out by the court is as follows:

5598:

Companies that filed for Chapter 11 bankruptcy in 2009

5374:

National fiscal policy response to the Great Recession

4861:(1999–2012 under all of GM, Chevrolet only since 2012) 2832:"Bankruptcy ends GM's 84-year ride in blue-chip index" 2596: 2520: 2412: 2023:"GM Bondholders Seek 58% Equity Stake With Debt Offer" 1581: 1337: 1335: 1333: 664:

itself unable to escape in 2008 when it had tried to.

365:

Common shareholders, bondholders and secured creditors

3419:"Not So Fast, Fiat: Russians Interested in Opel, Too" 3317:

Stolberg, Sheryl Gay; Vlasic, Bill (March 30, 2009).

2934: 2869: 2722:

Goldman, David; Valdes-Dapena, Peter (June 5, 2009).

2457:"For the New GM, A Final Challenge to Please Drivers" 546: 438:

General Motors was financially vulnerable before the

2928: 2721: 2211: 1915:"Bush Aids Detroit, but Hard Choices Wait for Obama" 1775: 1735:

Stoll, John D., and David McLaughlin (July 2, 2009).

1553: 758:

Sichuan Tengzhong Heavy Industrial Machinery Company

3253:Langlois, Shawn; Goldstein, Steve (March 5, 2009). 2415:"GM bankruptcy forever linked to Harlem dealership" 1342:

GM 363 Asset Sale Approved by U.S. Bankruptcy Court

1330: 5493:(Europe, Middle East and North Africa, Asia; 2009) 2885:"With Sale of Good Assets, G.M. Out of Bankruptcy" 2550: 1650:Stoll, John D., and Neil King Jr. (July 10, 2009). 1590:"After 93 Years, G.M. Shares Go Out on a Low Note" 906:), a further 17.5%. The remaining 10% was held by 580:for $ 2.3 billion (~$ 2.81 billion in 2023). 3530:"GM Expected to Emerge from Bankruptcy by Friday" 3183:Reports: Chrysler, GM discuss merger, acquisition 2935:Stoll, John D.; David McLaughlin (July 2, 2009). 1943:"Obama threatens US car industry with bankruptcy" 1300:says he was unaware despite its disclosure in an 685:2009-06-25: Final hearing on the bankruptcy loan. 5589: 5301: 3086:. Motor Authority. July 25, 2009. Archived from 2480: 2311:"PSA targets Opel turnaround as GM exits Europe" 2197:"President Obama's remarks on U.S. car industry" 2139:"Protecting GM from Credit Default Swap Holders" 505: 162:. From Tuesday June 2, old GM stock has traded 3274:"GM's Auditors Raise the Specter of Bankruptcy" 2642:"Who bought Hummer? Sichuan Tengzhong of China" 2584:"GM files for Chapter 11 bankruptcy protection" 2454: 2387:"Judge in Case Is Known for His Brisk Approach" 2113:"Gannett and the Side Effects of Default Swaps" 726: 5344:American Recovery and Reinvestment Act of 2009 5209:Office of Federal Housing Enterprise Oversight 2284:"G.M. Decides to Keep Opel, Its European Unit" 1752: 538:On May 27, 2009, the U.S. Treasury advanced a 531:U.S. government-backed guarantee of warranties 115:sale of the assets of automobile manufacturer 4990: 3833: 3558: 3463: 2741: 2101:CNN, 31 May 2009, General Motors on the brink 1210: 697:General Motors auctioned off its assets in a 650: 5268:Emergency Economic Stabilization Act of 2008 3725:"UNITED STATES OF SUBSIDIES, General Motors" 3661: 3659: 3586:"Howes: GM's 20-year global plan unraveling" 2882: 2476: 2474: 2431: 3510:. Motors Liquidation Company. July 10, 2009 3271: 3020:"How a 'Section 363' sale creates a new GM" 2715: 2581: 2516: 2514: 2512: 2510: 2508: 2218:General Motors Corporation (June 1, 2009). 1821: 1769: 5405: 5359:Fraud Enforcement and Recovery Act of 2009 5283:Term Asset-Backed Securities Loan Facility 4997: 4983: 3840: 3826: 3388: 3255:"GM, auditor express doubts over survival" 2750:"GM, Koenigsegg reach tentative Saab deal" 2440:. Crain Communications Inc. Archived from 2275: 2265:"Analysis: Opel's survival still at stake" 1699: 1697: 1695: 1461: 1404:. General Motors Corporation. June 1, 2009 1269:Voluntary Employee Beneficiary Association 605:(the main GM in Detroit), GM's subsidiary 475:On the March 30, 2009 deadline, President 5539:Effects of the Great Recession on museums 5369:Housing and Economic Recovery Act of 2008 5253:China–Japan–South Korea trilateral summit 3656: 3433: 3411: 3201: 3076: 2963:"Consumer groups object to GM bankruptcy" 2767: 2747: 2546: 2544: 2542: 2540: 2538: 2536: 2521:Emily Chasan; Phil Wahba (June 1, 2009). 2471: 2413:Tom Hals; Martha Graybow (June 1, 2009). 2357: 2355: 2256: 2238: 2203:. Reuters. March 30, 2009. Archived from 1906: 1562:"G.M. to Seek Bankruptcy and a New Start" 1457:G.M. Wins Final Approval of DIP Financing 1344:July 6, 2009. Accessed September 8, 2012. 1050:to discuss the possibility of filing for 379:Canada Development Investment Corporation 5233:Government policy and spending responses 5199:Government National Mortgage Association 3751: 3668:"Government Sells Last of Its GM Shares" 3137: 3053: 2991: 2859: 2857: 2523:"GM asks for bankruptcy sale in 30 days" 2505: 2406: 1995:"'Bankruptcy likely' for General Motors" 1961: 1801:"General Motors - countdown to collapse" 1778:"GENERAL MOTORS CORPORATION - Form 10-K" 1668: 1666: 1664: 1646: 1644: 1642: 1640: 1638: 583: 125:Chapter 11, Title 11, United States Code 5293:2008 United Kingdom bank rescue package 3752:Checkler, Joseph (September 27, 2012). 3508:"MLC General Unsecured Creditors Trust" 3319:"U.S. Lays Down Terms for Auto Bailout" 3059: 2937:"General Motors Aims for IPO Next Year" 2910:"GM plans to exit bankruptcy this week" 2883:de la Merced, Michael (July 10, 2009). 2611: 2335: 2069: 1827: 1798: 1703: 1692: 1587: 1314:Automotive industry crisis of 2008–2010 989: 777:On June 5, 2009, GM announced that the 748:On June 1, 2009, GM announced that the 440:automotive industry crisis of 2008–2010 215:Automotive industry crisis of 2008–2010 5590: 3666:Healey, James R. (December 10, 2013). 3665: 3625:Government sells last of its GM shares 3502: 3500: 3498: 3496: 3394: 3107: 3105: 2960: 2912:. Xinhua. July 7, 2009. Archived from 2533: 2384: 2352: 2281: 1731: 1729: 1727: 1559: 1479:. June 1, 2009. p. General Motors 5278:Temporary Liquidity Guarantee Program 5248:Banking (Special Provisions) Act 2008 5231: 5169:Federal Deposit Insurance Corporation 4978: 3821: 3362: 3340: 3329: 3187: 3176: 3150: 3131: 3017: 2902: 2854: 2838:. Wall Street Journal. Archived from 2793: 2685: 2673: 2659: 2639: 2262: 2094: 1940: 1895: 1746: 1737:General Motors Aims for IPO Next Year 1704:Tkaczyk, Christopher (June 1, 2009). 1661: 1635: 1241: 1161:May 4, 2009: German Economy Minister 1002: 839: 824:On February 23, 2010 GM sold Saab to 146:The company received $ 33 billion in 5608:Great Recession in the United States 5164:Consumer Financial Protection Bureau 4959: 3600: 3370:"Detroit Free Press. April 22, 2009" 3102: 2829: 2614:"A Primer on the New General Motors" 2612:Maynard, Micheline (July 10, 2009). 2226:. Securities and Exchange Commission 1753:General Motors (November 16, 2009). 1425: 732:A creditor meeting, at the New York 5454:Collateralized mortgage obligations 5004: 3606:Burr, Barry S. (February 23, 2009). 3493: 3138:Woodyard, Chris (August 26, 2009). 2551:Christopher Scinta (June 2, 2009). 2336:Moreano, Giovanny (March 7, 2017). 1860: 1724: 1588:Maynard, Micheline (May 29, 2009). 1179:, the fourth largest filing in the 13: 4803:General Motors Research Laboratory 3847: 3705:from the original on April 8, 2016 2992:Harrison, Edward (June 10, 2009). 2748:Goldstein, Steve (June 16, 2009). 2246:"Germany picks Magna to save Opel" 2049:"US begins GM bankruptcy planning" 1969:"GM chief out in bailout shakeout" 1469:"The 10 largest U.S. bankruptcies" 1434:. Associated Press. Archived from 1319:Chrysler Chapter 11 reorganization 1158:(which ended production in 2004). 1115:March 29, 2009: GM's Chairman and 925:, Chapter 3, Subchapter IV of the 785:. GM was to continue to build the 740:, was scheduled for June 3, 2009. 547:Proposed sale of Opel and Vauxhall 14: 5634: 5549:2007–2008 world food price crisis 5349:Chinese economic stimulus program 5334:2008 European Union stimulus plan 5258:Commercial Paper Funding Facility 4079:Industries Mécaniques Maghrébines 3774: 2866:. Retrieved on September 9, 2012. 2481:Edvard Pettersso (June 2, 2009). 2385:Glater, Jonathan (June 1, 2009). 2282:Vlasic, Bill (November 3, 2009). 2070:Hipwell, Deirdre (May 22, 2009). 1828:Usborne, D. (November 14, 2008). 1560:Sanger, David E. (May 31, 2009). 1261: 902:, through its health-care trust ( 772: 743: 5577:List of countries by public debt 5204:National Asset Management Agency 4958: 4949: 4948: 4929:Commercial Utility Cargo Vehicle 4038: 3395:Valdes, Peter (April 24, 2009). 3060:Isidore, Chris (July 10, 2009). 2455:Joseph B. White (June 2, 2009). 1274: 846:Chapter 11 bankruptcy protection 593:On the morning of June 1, 2009, 510:Efforts to sell General Motors' 151:and US$ 172.81 billion in debt. 5532:2008 Central Asia energy crisis 5449:Collateralized debt obligations 3745: 3717: 3685: 3630: 3617: 3578: 3559:Chris Isidore (July 10, 2009). 3552: 3310: 3265: 3246: 3236:"Saab Distances Itself from GM" 3227: 2633: 2575: 2448: 2425: 2378: 2329: 2303: 2189: 2131: 2105: 2063: 2041: 2015: 1987: 1934: 1883: 1854: 1792: 970:(a former railroad executive), 801: 692: 5339:2008–2009 Keynesian resurgence 5184:Federal Housing Finance Agency 5179:Federal Housing Administration 3536:. July 9, 2009. Archived from 2961:Evarts, Eric (June 23, 2009). 1892:. Retrieved November 21, 2008. 1450: 1082:Troubled Assets Relief Program 894:, in right of both Canada and 638:President of the United States 183:fourth-largest in U.S. history 148:debtor-in-possession financing 129:United States bankruptcy court 1: 5354:Economic Stimulus Act of 2008 5288:Troubled Asset Relief Program 5214:Office of Financial Stability 5189:Federal Housing Finance Board 5123:Société Générale trading loss 3447:. May 5, 2009. Archived from 3272:Tom Krisher (March 5, 2009). 3018:Beene, Ryan (April 1, 2009). 2724:"GM to sell Saturn to Penske" 2640:Smith, Aaron (June 2, 2009). 2432:Jeremy Smerd (June 1, 2009). 1776:General Motors Corp. (2005). 1743:. Retrieved on July 10, 2009. 1658:. Retrieved on July 10, 2009. 1426:Beck, Rachel (June 2, 2009). 1324: 1294:Southern District of New York 1281:Troubled Asset Relief Program 1019:, potentially merging two of 935:Lehman Brothers Holdings Inc. 738:United States Trustee Program 705:and provincial government of 506:Earlier restructuring efforts 230:New GM (as of July 10, 2009) 225:Old GM (before July 10, 2009) 204: 133:Southern District of New York 5273:Irish emergency budget, 2009 3588:. detnews.com. March 5, 2009 3421:. Auto Observer. May 6, 2009 2582:James Quinn (June 1, 2009). 1941:Clark, A. (March 30, 2009). 1861:Gow, D. (November 8, 2008). 1799:Wearden, G. (May 28, 2009). 1287: 862:Dow Jones Industrial Average 218: 156:Dow Jones Industrial Average 7: 3614:Retrieved on July 15, 2009. 3612:Pensions & Investments. 3026:. Crain Communications, Inc 2830:Godt, Nick (June 1, 2009). 2263:Weber, Tim (May 30, 2009). 2141:. Firedoglake. May 14, 2009 1307: 1256: 1199:joint venture with Toyota. 1172:June 1, 2009: GM filed for 1064:Cerberus Capital Management 1013:Cerberus Capital Management 781:brand would be sold to the 10: 5639: 5572:2007–2008 financial crisis 5464:Mortgage-backed securities 5075:Automotive industry crisis 4935:Concept of the Corporation 4892:Motors Liquidation Company 4378:Chevrolet-Saturn of Harlem 3781:Motors Liquidation Company 2461:Wall Street Journal Online 1652:GM Emerges From Bankruptcy 1245: 1223:Motors Liquidation Company 1217:Motors Liquidation Company 1214: 1211:Motors Liquidation Company 1163:Karl-Theodor zu Guttenberg 1142:March 31, 2009: President 880:Motors Liquidation Company 723:Motors Liquidation Company 651:Court schedule and motions 603:General Motors Corporation 595:Chevrolet-Saturn of Harlem 385:, Old GM bondholders, and 208: 5623:General Motors litigation 5618:2009 in the United States 5562: 5519: 5477: 5469:Secondary mortgage market 5434: 5390:rescues, and acquisitions 5388:Government interventions, 5387: 5379:Zero interest-rate policy 5326: 5238: 5227: 5156: 5103: 5090:Housing market correction 5067: 5012: 4944: 4869: 4845: 4811: 4758: 4321: 4284: 4152: 4124: 4115: 4047: 4036: 3968: 3912: 3864: 3855: 3792:"GM Viability Assessment" 709:with an 11.7% stake, the 588: 211:History of General Motors 113:General Motors Chapter 11 94: 84: 74: 64: 56: 48: 5487:(United States; c. 2009) 5219:UK Financial Investments 5104:Banking losses and fraud 5095:Subprime mortgage crisis 5080:California budget crisis 2078:. London. Archived from 1838:. London. Archived from 1205:United States Government 808:Koenigsegg Automotive AB 647:after the court filing. 123:was implemented through 5505:(worldwide; 2011–2012) 5444:Auction rate securities 5174:Federal Home Loan Banks 4887:Ignition switch recalls 4778:GM Building (Manhattan) 4681:North American Aviation 4597:Holden Special Vehicles 4447:Electronic Data Systems 4415:Delta Motor Corporation 3758:The Wall Street Journal 2697:www.channelnewsasia.com 2465:Dow Jones & Company 1741:The Wall Street Journal 1656:The Wall Street Journal 916:initial public offering 888:General Motors Company. 855:Adelphia Communications 783:Penske Automotive Group 643:made a speech from the 199:initial public offering 20: 5194:Federal Reserve System 5068:United States-specific 4882:Companion make program 4768:GM Building (Broadway) 4621:Hughes Network Systems 3441:"Fiat targets GM unit" 2003:. London. May 27, 2009 1236: 375:United States Treasury 79:2008 automotive crisis 33:considered for merging 5544:Decline of newspapers 5491:2009 May Day protests 5437:and financial markets 5327:Stimulus and recovery 4773:GM Building (Detroit) 4439:Electro-Motive Diesel 4021:GM Specialty Vehicles 3930:Chevrolet Performance 3445:Winston-Salem Journal 1227: 1131:may need to use "our 1103:Deloitte & Touche 1056:Chapter 11 bankruptcy 1021:Detroit's "Big Three" 898:, held 11.7% and the 715:Canadian Auto Workers 584:Chapter 11 protection 491:into settlements. GM 481:Chapter 11 bankruptcy 383:Government of Ontario 137:employee compensation 89:U.S. bankruptcy court 5567:European debt crisis 5459:Credit default swaps 5435:Securities involved 5241:stability and reform 4907:Streetcar conspiracy 4639:Kettering University 4495:Ghandhara Industries 4479:Fleetwood Metal Body 4341:Allison Transmission 3945:GM Certified Service 3701:. December 1, 2012. 3049:ch. 3, subch. IV 2682:(Official statement) 2438:Workforce Management 1062:, which is owned by 1039:and President-elect 990:Brand reorganization 618:debtor in possession 524:credit default swaps 5527:2000s energy crisis 5239:Banking and finance 5157:Government entities 4783:GM Technical Center 4652:National City Lines 3969:Global subsidiaries 3627:, December 10, 2013 3215:. February 14, 2009 3164:on December 5, 2010 2941:Wall Street Journal 2916:on February 4, 2015 2842:on January 28, 2013 2811:on January 29, 2013 2781:. November 24, 2009 2589:The Daily Telegraph 2563:on January 23, 2009 2493:on January 22, 2009 2177:on October 20, 2012 2051:. BBC. May 28, 2009 974:(the former CEO of 908:unsecured creditors 900:United Auto Workers 573:Magna International 512:European operations 469:Bush administration 221: 45: 5509:Occupy Wall Street 5485:Tea Party protests 5143:Scott W. Rothstein 4798:Renaissance Center 4788:GM Proving Grounds 4721:Rochester Products 4613:Hughes Electronics 4519:GM Diesel Division 3733:. December 1, 2012 3730:The New York Times 3698:The New York Times 3561:"'New' GM is Born" 3451:on August 20, 2012 2805:MotorAuthority.com 2619:The New York Times 2392:The New York Times 2289:The New York Times 2117:The New York Times 1920:The New York Times 1842:on January 1, 2009 1595:The New York Times 1567:The New York Times 1539:The New York Times 1477:Cable News Network 1242:New General Motors 1003:Timeline 2008–2009 996:brand architecture 982:(GM Chairman) and 927:United States Code 864:, and replaced by 840:363 Sale of assets 830:Swedish Automobile 597:, a dealership in 411:$ 94.7 billion USD 219: 39: 5585: 5584: 5554:Retail apocalypse 5499:(MENA; 2010–2012) 5430: 5429: 5426: 5425: 5322: 5321: 5302:Bank stress tests 4972: 4971: 4862: 4821:William C. Durant 4751: 4743: 4735: 4731:United Australian 4717: 4709: 4701: 4693: 4685: 4677: 4669: 4661: 4648: 4633: 4625: 4617: 4609: 4599: 4592: 4579: 4571: 4563: 4555: 4547: 4539: 4531: 4523: 4515: 4507: 4499: 4491: 4483: 4475: 4467: 4459: 4451: 4443: 4435: 4427: 4419: 4411: 4402:Delco Electronics 4398: 4390: 4374: 4366: 4365:(24%) (1924–1948) 4357:Atlantic Aircraft 4353: 4345: 4337: 4322:Former divisions, 4317: 4316: 4275: 4268: 4254: 4247: 4233: 4226: 4219: 4212: 4205: 4198: 4184: 4177: 4170: 4106: 4099: 4091: 4083: 4075: 4067: 4059: 4034: 4033: 3608:GM's pension fund 3475:Los Angeles Times 3376:on April 27, 2009 2680:Sichuan Tengzhong 2374:on June 13, 2010. 2207:on April 3, 2009. 1621:Los Angeles Times 1189:Washington Mutual 972:Patricia F. Russo 939:Washington Mutual 571:of Russia (35%), 436: 435: 419:$ 17 billion USD 191:Washington Mutual 109: 108: 5630: 5478:Social responses 5403: 5402: 5299: 5298: 5229: 5228: 4999: 4992: 4985: 4976: 4975: 4962: 4961: 4952: 4951: 4860: 4793:Factories (list) 4749: 4741: 4733: 4715: 4707: 4699: 4691: 4683: 4675: 4668:(36%, 1990–2002) 4667: 4665:New Venture Gear 4659: 4646: 4631: 4623: 4615: 4607: 4595: 4590: 4583:GMC Heavy Trucks 4577: 4575:GMAC Real Estate 4569: 4561: 4553: 4545: 4537: 4529: 4521: 4513: 4505: 4497: 4489: 4481: 4473: 4465: 4457: 4449: 4441: 4433: 4425: 4417: 4409: 4396: 4388: 4386:Cleveland Diesel 4382: 4372: 4370:Chevrolet Europe 4364: 4351: 4343: 4335: 4326:and subsidiaries 4271: 4264: 4250: 4243: 4229: 4222: 4215: 4208: 4201: 4194: 4180: 4173: 4166: 4122: 4121: 4102: 4097: 4089: 4081: 4073: 4071:HRL Laboratories 4065: 4057: 4042: 4041: 3862: 3861: 3842: 3835: 3828: 3819: 3818: 3813: 3811: 3809: 3804:on April 7, 2009 3803: 3796: 3769: 3768: 3766: 3764: 3749: 3743: 3742: 3740: 3738: 3721: 3715: 3714: 3712: 3710: 3689: 3683: 3682: 3680: 3678: 3663: 3654: 3653: 3651: 3649: 3644:. April 30, 2014 3634: 3628: 3621: 3615: 3604: 3598: 3597: 3595: 3593: 3582: 3576: 3575: 3573: 3571: 3556: 3550: 3549: 3547: 3545: 3540:on July 10, 2009 3526: 3520: 3519: 3517: 3515: 3504: 3491: 3490: 3488: 3486: 3477:. Archived from 3467: 3461: 3460: 3458: 3456: 3437: 3431: 3430: 3428: 3426: 3415: 3409: 3408: 3406: 3404: 3392: 3386: 3385: 3383: 3381: 3372:. Archived from 3366: 3360: 3359: 3357: 3355: 3344: 3338: 3333: 3327: 3326: 3314: 3308: 3307: 3305: 3303: 3298:. March 12, 2009 3288: 3282: 3281: 3269: 3263: 3262: 3250: 3244: 3243: 3231: 3225: 3224: 3222: 3220: 3205: 3199: 3191: 3185: 3180: 3174: 3173: 3171: 3169: 3160:. Archived from 3154: 3148: 3147: 3135: 3129: 3128: 3126: 3124: 3115:. Archived from 3109: 3100: 3099: 3097: 3095: 3080: 3074: 3073: 3071: 3069: 3057: 3051: 3042: 3036: 3035: 3033: 3031: 3015: 3009: 3008: 3006: 3004: 2998:Naked Capitalism 2989: 2983: 2982: 2980: 2978: 2973:on June 26, 2009 2969:. Archived from 2967:Consumer Reports 2958: 2952: 2951: 2949: 2947: 2932: 2926: 2925: 2923: 2921: 2906: 2900: 2899: 2897: 2895: 2880: 2867: 2861: 2852: 2851: 2849: 2847: 2827: 2821: 2820: 2818: 2816: 2807:. Archived from 2797: 2791: 2790: 2788: 2786: 2771: 2765: 2764: 2762: 2760: 2745: 2739: 2738: 2736: 2734: 2719: 2713: 2712: 2710: 2708: 2703:on March 1, 2010 2699:. Archived from 2689: 2683: 2677: 2671: 2670: 2663: 2657: 2656: 2654: 2652: 2637: 2631: 2630: 2628: 2626: 2609: 2594: 2593: 2579: 2573: 2572: 2570: 2568: 2559:. Archived from 2548: 2531: 2530: 2518: 2503: 2502: 2500: 2498: 2489:. Archived from 2478: 2469: 2468: 2452: 2446: 2445: 2444:on June 2, 2009. 2429: 2423: 2422: 2410: 2404: 2403: 2401: 2399: 2382: 2376: 2375: 2370:. Archived from 2359: 2350: 2349: 2347: 2345: 2333: 2327: 2326: 2324: 2322: 2307: 2301: 2300: 2298: 2296: 2279: 2273: 2272: 2260: 2254: 2253: 2242: 2236: 2235: 2233: 2231: 2215: 2209: 2208: 2193: 2187: 2186: 2184: 2182: 2176: 2165: 2157: 2151: 2150: 2148: 2146: 2135: 2129: 2128: 2126: 2124: 2109: 2103: 2098: 2092: 2091: 2089: 2087: 2082:on June 12, 2011 2067: 2061: 2060: 2058: 2056: 2045: 2039: 2038: 2036: 2034: 2029:. April 30, 2009 2019: 2013: 2012: 2010: 2008: 1991: 1985: 1984: 1982: 1980: 1975:. March 30, 2009 1965: 1959: 1958: 1956: 1954: 1938: 1932: 1931: 1929: 1927: 1910: 1904: 1899: 1893: 1887: 1881: 1880: 1878: 1876: 1858: 1852: 1851: 1849: 1847: 1825: 1819: 1818: 1816: 1814: 1796: 1790: 1789: 1787: 1785: 1773: 1767: 1766: 1764: 1762: 1750: 1744: 1733: 1722: 1721: 1719: 1717: 1701: 1690: 1689: 1687: 1685: 1670: 1659: 1648: 1633: 1632: 1630: 1628: 1613: 1607: 1606: 1604: 1602: 1585: 1579: 1578: 1576: 1574: 1557: 1551: 1550: 1548: 1546: 1529: 1523: 1522: 1520: 1518: 1502: 1489: 1488: 1486: 1484: 1465: 1459: 1454: 1448: 1447: 1445: 1443: 1438:on June 12, 2009 1423: 1414: 1413: 1411: 1409: 1399: 1391: 1382: 1381: 1379: 1377: 1362: 1345: 1339: 828:, later renamed 725:("Old GM") (see 699:section 363 sale 356:U.S. Dealerships 222: 164:Over the Counter 158:and replaced by 119:and some of its 46: 38: 36: 5638: 5637: 5633: 5632: 5631: 5629: 5628: 5627: 5588: 5587: 5586: 5581: 5558: 5515: 5503:Occupy movement 5473: 5436: 5422: 5401: 5389: 5383: 5318: 5297: 5240: 5234: 5223: 5152: 5099: 5063: 5008: 5006:Great Recession 5003: 4973: 4968: 4940: 4865: 4853:World of Motion 4841: 4832:Alfred P. Sloan 4807: 4754: 4605:Hughes Aircraft 4543:GM South Africa 4380: 4325: 4323: 4313: 4280: 4148: 4117: 4111: 4043: 4039: 4030: 4026:Cadillac Europe 3964: 3908: 3857: 3851: 3846: 3807: 3805: 3801: 3794: 3790: 3777: 3772: 3762: 3760: 3750: 3746: 3736: 3734: 3723: 3722: 3718: 3708: 3706: 3691: 3690: 3686: 3676: 3674: 3664: 3657: 3647: 3645: 3636: 3635: 3631: 3622: 3618: 3605: 3601: 3591: 3589: 3584: 3583: 3579: 3569: 3567: 3557: 3553: 3543: 3541: 3528: 3527: 3523: 3513: 3511: 3506: 3505: 3494: 3484: 3482: 3481:on July 2, 2009 3469: 3468: 3464: 3454: 3452: 3439: 3438: 3434: 3424: 3422: 3417: 3416: 3412: 3402: 3400: 3399:. Money.cnn.com 3393: 3389: 3379: 3377: 3368: 3367: 3363: 3353: 3351: 3346: 3345: 3341: 3334: 3330: 3315: 3311: 3301: 3299: 3290: 3289: 3285: 3270: 3266: 3251: 3247: 3232: 3228: 3218: 3216: 3207: 3206: 3202: 3192: 3188: 3181: 3177: 3167: 3165: 3156: 3155: 3151: 3136: 3132: 3122: 3120: 3119:on June 4, 2012 3111: 3110: 3103: 3093: 3091: 3090:on May 12, 2013 3082: 3081: 3077: 3067: 3065: 3064:. 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June 23, 2009 2111: 2110: 2106: 2099: 2095: 2085: 2083: 2068: 2064: 2054: 2052: 2047: 2046: 2042: 2032: 2030: 2021: 2020: 2016: 2006: 2004: 2000:The Independent 1993: 1992: 1988: 1978: 1976: 1967: 1966: 1962: 1952: 1950: 1939: 1935: 1925: 1923: 1911: 1907: 1900: 1896: 1888: 1884: 1874: 1872: 1859: 1855: 1845: 1843: 1835:The Independent 1826: 1822: 1812: 1810: 1797: 1793: 1783: 1781: 1780:. p. 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Krebs 960:David Bonderman 892:Queen of Canada 842: 804: 775: 746: 695: 653: 634:Fritz Henderson 591: 586: 549: 533: 508: 464:Washington D.C. 344:Vauxhall Motors 274:Vauxhall Motors 217: 209:Main articles: 207: 187:Lehman Brothers 40:General Motors 37: 21: 17: 12: 11: 5: 5636: 5626: 5625: 5620: 5615: 5613:2009 in Canada 5610: 5605: 5603:General Motors 5600: 5583: 5582: 5580: 5579: 5574: 5569: 5563: 5560: 5559: 5557: 5556: 5551: 5546: 5541: 5536: 5535: 5534: 5523: 5521: 5520:Related topics 5517: 5516: 5514: 5513: 5512: 5511: 5500: 5494: 5488: 5481: 5479: 5475: 5474: 5472: 5471: 5466: 5461: 5456: 5451: 5446: 5440: 5438: 5432: 5431: 5428: 5427: 5424: 5423: 5421: 5420: 5418:General Motors 5415: 5409: 5407: 5400: 5399: 5393: 5391: 5385: 5384: 5382: 5381: 5376: 5371: 5366: 5364:Green New Deal 5361: 5356: 5351: 5346: 5341: 5336: 5330: 5328: 5324: 5323: 5320: 5319: 5317: 5316: 5311: 5305: 5303: 5296: 5295: 5290: 5285: 5280: 5275: 5270: 5265: 5260: 5255: 5250: 5244: 5242: 5236: 5235: 5225: 5224: 5222: 5221: 5216: 5211: 5206: 5201: 5196: 5191: 5186: 5181: 5176: 5171: 5166: 5160: 5158: 5154: 5153: 5151: 5150: 5148:Allen Stanford 5145: 5140: 5135: 5130: 5125: 5120: 5119: 5118: 5107: 5105: 5101: 5100: 5098: 5097: 5092: 5087: 5085:Housing bubble 5082: 5077: 5071: 5069: 5065: 5064: 5062: 5061: 5056: 5055: 5054: 5044: 5039: 5038: 5037: 5032: 5022: 5016: 5014: 5010: 5009: 5002: 5001: 4994: 4987: 4979: 4970: 4969: 4967: 4966: 4956: 4945: 4942: 4941: 4939: 4938: 4931: 4926: 4925: 4924: 4919: 4914: 4912:1945–46 strike 4909: 4904: 4902:Reorganization 4899: 4894: 4889: 4884: 4873: 4871: 4870:Related topics 4867: 4866: 4864: 4863: 4855: 4849: 4847: 4843: 4842: 4840: 4839: 4834: 4829: 4824: 4817: 4815: 4809: 4808: 4806: 4805: 4800: 4795: 4790: 4785: 4780: 4775: 4770: 4764: 4762: 4756: 4755: 4753: 4752: 4744: 4736: 4728: 4723: 4718: 4710: 4702: 4694: 4686: 4678: 4670: 4662: 4654: 4649: 4641: 4636: 4635: 4634: 4618: 4610: 4602: 4601: 4600: 4585: 4580: 4572: 4564: 4556: 4548: 4540: 4532: 4524: 4516: 4508: 4500: 4492: 4484: 4476: 4468: 4460: 4452: 4444: 4436: 4428: 4423:Detroit Diesel 4420: 4412: 4404: 4399: 4391: 4383: 4375: 4367: 4359: 4354: 4349:Ally Financial 4346: 4338: 4333:Allison Engine 4329: 4327: 4324:joint ventures 4319: 4318: 4315: 4314: 4312: 4311: 4310: 4309: 4299: 4294: 4288: 4286: 4282: 4281: 4279: 4278: 4277: 4276: 4269: 4257: 4256: 4255: 4248: 4236: 4235: 4234: 4227: 4220: 4213: 4206: 4199: 4187: 4186: 4185: 4178: 4171: 4158: 4156: 4150: 4149: 4147: 4146: 4141: 4136: 4131: 4125: 4119: 4113: 4112: 4110: 4109: 4108: 4107: 4095:SAIC-GM-Wuling 4092: 4084: 4076: 4068: 4060: 4051: 4049: 4045: 4044: 4037: 4035: 4032: 4031: 4029: 4028: 4023: 4018: 4013: 4008: 4003: 3998: 3993: 3988: 3983: 3978: 3972: 3970: 3966: 3965: 3963: 3962: 3957: 3952: 3947: 3942: 3937: 3932: 3927: 3922: 3916: 3914: 3913:Service brands 3910: 3909: 3907: 3906: 3901: 3900: 3899: 3894: 3884: 3879: 3874: 3868: 3866: 3865:Vehicle brands 3859: 3853: 3852: 3849:General Motors 3845: 3844: 3837: 3830: 3822: 3816: 3815: 3788: 3783: 3776: 3775:External links 3773: 3771: 3770: 3744: 3716: 3684: 3655: 3629: 3616: 3599: 3577: 3551: 3521: 3492: 3462: 3432: 3410: 3387: 3361: 3339: 3328: 3323:New York Times 3309: 3283: 3278:Yahoo! 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Bush 1004: 1001: 991: 988: 976:Alcatel-Lucent 952:Daniel Akerson 841: 838: 816:General Motors 803: 800: 774: 773:Sale of Saturn 771: 745: 744:Sale of Hummer 742: 736:, held by the 694: 691: 690: 689: 686: 683: 680: 652: 649: 590: 587: 585: 582: 548: 545: 532: 529: 507: 504: 434: 433: 430: 428:U.S. employees 425: 421: 420: 417: 412: 408: 407: 404: 399: 395: 394: 371: 366: 362: 361: 358: 353: 349: 348: 347: 346: 341: 336: 331: 326: 320: 315: 310: 303: 298: 297: 296: 291: 286: 281: 276: 271: 266: 261: 256: 250: 245: 240: 232: 231: 228: 226: 206: 203: 117:General Motors 107: 106: 100:General Motors 96: 92: 91: 86: 82: 81: 76: 72: 71: 66: 62: 61: 58: 54: 53: 50: 44:reorganization 15: 9: 6: 4: 3: 2: 5635: 5624: 5621: 5619: 5616: 5614: 5611: 5609: 5606: 5604: 5601: 5599: 5596: 5595: 5593: 5578: 5575: 5573: 5570: 5568: 5565: 5564: 5561: 5555: 5552: 5550: 5547: 5545: 5542: 5540: 5537: 5533: 5530: 5529: 5528: 5525: 5524: 5522: 5518: 5510: 5507: 5506: 5504: 5501: 5498: 5495: 5492: 5489: 5486: 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