bankruptcy

The Borgward Story

In 1957, Borgward was Germany’s second-largest auto manufacturer, right behind Volkswagen. By 1961, the company was bankrupt. But, as you might have guessed, that’s not the whole story.

General Motors Bankruptcy: "...with regret that this path proved necessary..."

Well, it's done. General Motors has filed for Chapter 11 bankruptcy. If you're interested (and this will only take about 30 seconds to read), here's the simple, yet well-crafted statement from the GM Board of Directors. There's a great deal of hope in that short press release -- a lot of terms like "new beginning,"...

Does GM have a post-bankruptcy plan?

The Chrysler bankruptcy is painful -- and will continue to be painful -- for a lot of people, there's no doubt about that. The effects of a Chapter 11 bankruptcy by a company of Chrysler's size are more far-reaching than you might guess. But one thing that Chrysler has going for it is a plan...

General Motors Registers gmrestructuring.com

Here's something interesting to watch over the next couple of weeks -- General Motors Corporation has quietly purchased a couple of domain names that you may want to monitor as the June 1st government-imposed deadline approaches: gmrestructuring.com and gm-restructuring.com. As of today, there's no information on either of the pages; however, if GM fails to meet the government deadline (now, just two weeks away)...