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Posts Tagged ‘Bankruptcy’

GM Releases First Post Bankruptcy Financial Results

November 17th, 2009
General Motors Renaissance Center, Detroit, Michigan

General Motors Renaissance Center, Detroit, Michigan General Motors has released today its first financial results since emerging from bankruptcy on July 10 as a ‘new’ company. The results are for the first 83 days of operation and from an initial inspection things are looking much better for GM. Excluding special items, GM has posted an [...]

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GM gets 5 new board members appointed by U.S., Canadian governments

July 25th, 2009
GM Detroit headquarters

Each member of the board who is not a GM employee will be paid $200,000 annually for their services General Motors’ recent bankruptcy proceedings have seen the company transformed as it leaves behind failing assets, and according to the company these changes have also been reflected through a restructured board of directors. Five new members [...]

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