Results tagged “GM” from Dealbreaker
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Steve Rattner: GM's Problem Is That It Doesn't Mind Its Own Biznass
Nov 18, 2009, 12:51pm
Posted by Bess Levin
Why does General Motors take it up the tailpipe? You could probably come up with at least handful of reasons, but at a breakfast hosted by Fortune this morning, Steve Rattner wanted to highlight one in particular. Over bagels and...
GM And eBay
Aug 10, 2009, 5:54pm
Posted by Equity Private
As Dealbreaker readers will already been keenly aware, American automotive firms have been beset by difficult market conditions including too many customers, too few customers, high material prices, low material prices, insufficient resale value, excessive resale value. You will be...
General Motors Finds A Way To Teach Former Workers A Lesson
Jul 01, 2009, 10:10am
Posted by Greg Michaels
In addition to spending$950 million to wind down the old GM, the new GM may have unintentionally found a way to send a tough message to the UAW workers looking to milk the system and retire in their 40s. In...
Trustee In GM Bankruptcy Clamps Down On Fee Bonanza
Jun 23, 2009, 3:15pm
Posted by Greg Michaels
Among the bills that GM may need to pay with their additional $30 billion infusion are massive fees due to two of the only big winners in the GM debacle, Evercore Partners and turnaround consultants AlixPartners. For their impressive work...
Ed Whitacre Jr. Named Chairman Of A Company Which May Never Exist
Jun 09, 2009, 11:29am
Posted by Greg Michaels
Former AT&T CEO Ed Whitacre Jr. is in a peculiar position right now. He will become chairman of the creatively renamed New GM once Old, Bloated, Failed GM emerges from bankruptcy. Washington is putting a lot of faith in its...
Ford Getting A Little Sick And Tired Of Being Peed On By The Government
Jun 08, 2009, 4:32pm
Posted by Greg Michaels
According to Ford, it is better to be in bankruptcy than out of it. Ford alleges that the government's support for GMAC allows it to access cheaper financing than Ford can get through the TALF. In advance of a June...
In The Event You Just Can't Get Enough Of Government Motors
Jun 02, 2009, 9:08am
Posted by Bess Levin
Just a reminder that GM will hold an analyst and media call this morning at 9:30 Eastern time. Details below: Note that charts for the call will be posted on the investor site. (They are a little tricky to find...
GM Sells Hummer....Over Candlelit Dinner?
Jun 02, 2009, 8:58am
Posted by Bess Levin
Reuters reports that General Motors will sell Hummer, though a buyer has not been named, nor has a number been quoted for how much it'll pay. And then there's this, from the mailbag: I saw David Rubenstein and Rahm Emanuel...
Michael Moore Bursting With "Joy" At GM "Deathbed"
Jun 01, 2009, 1:26pm
Posted by Bess Levin
After performing a victory dance through the streets of downtown Detroit, which onlookers tell us was quite the sight to see, Mikey sat down to write a list of suggestions he's got for what to do with the place. Do...
With Sugar On Top?
May 29, 2009, 3:38pm
Posted by Equity Private
Pleading, urging, begging, whatever. Call it what you will, this one isn't going to drift by as "easily" as Chrysler. But then, the Chicago machine is just getting warmed up, isn't it? Either way, we continue to be amused by...
We Have The Agreement Of (20% Of) The Unsecured Debtholders!
May 28, 2009, 10:47am
Posted by Equity Private
In the latest GM clusterfuck drama, the Wall Street Journal flashes the pressing news that a group of unsecured GM noteholders has agreed to the latest 10% debt for equity swap amusement. Outstanding work guys and gals! How many votes...
This Might Actually Be The End
Apr 01, 2009, 3:11pm
Posted by Equity Private
It's one thing to say that a firm might be better off in bankruptcy. It is another entirely to prod it down the plank towards the sea. General Motors Corp.'s 60-day deadline to restructure is unlikely to be extended because...
Breaking: WSJ Reports GM CEO Reports Bankruptcy Could Work, But Risky.
Mar 17, 2009, 10:35am
Posted by Equity Private
"GM CEO says bankruptcy 'could work' but would be too risky," is the exact ticker line. "That, Mr. Wagoner, is the sound of inevitability." The situation is fluid....
G^M = B^K?
Mar 05, 2009, 9:58am
Posted by Equity Private
As we mentioned in the Opening Bell, GM is staring default and potentially bankruptcy in the face ("we actually need about $30 billion"). A lot of light and noise has been emanating from GM's general direction for several weeks now,...
We Totally, Seriously, Honestly Won't Need Any More. Really.
Feb 17, 2009, 10:40am
Posted by Equity Private
So GM is going to grudgingly accept another check for $4 billion. Is anyone else so numbed to large numbers at this point that $4 billion really doesn't seem like much money? I mean, John Paulson spits $4 billion. Tim...
GM Makes A Final Lap
Feb 10, 2009, 10:09am
Posted by Equity Private
Just in case you weren't sure, General Motors is in trouble. Big trouble. On top of all the other trouble you've no doubt heard about they are now planning to cut 10,000 jobs. Yesterday's rumors are fact this morning as...
The Theta Theta Theta Sorority
Jan 12, 2009, 10:59am
Posted by Equity Private
It says something that we credit Ford with some kind of great accomplishment insofar as they didn't go begging for government handouts when GM and Chrysler debased themselves during Congressional Pledge Week. ("I want that bathroom floor shining in the...
There Is Going To Be Trouble
Dec 18, 2008, 9:30am
Posted by Equity Private
GM is merging with Chrysler. No, they have no intention of merging. Yes, they are merging. Any day now. No, not merging. Never. Ok, maybe we are talking about it. No, really, we aren't. At all. GM denies Chrysler merger...
DealBreaker Cuts GM Price Target to -$5.50...
Nov 10, 2008, 12:24pm
Posted by Equity Private
...that should get it to trade at around $2.15. General Motors Corp. plummeted as much as 31 percent after a Deutsche Bank AG analyst downgraded the shares and cut the price target to zero. GM lost $1.03 to $3.33 at...
The Patron Saint Of Lost Causes
Nov 06, 2008, 2:26pm
Posted by Equity Private
Who can possibly make an argument that the "big three" are anything but the Terri Schiavo of the United States public markets? They have been on life support so long and at such cost as to defy reason, other than...
