Modern Minority

• Business

  Posted on May 31st, 2009

  Written by William

  Tags

  bankruptcy, GM

  GM to file for bankruptcy, Chrysler sale cleared

  

  General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
  The planned filing, confirmed by Obama administration officials, would be the third-largest in U.S. history and the largest-ever [...]

• Business

  Posted on April 30th, 2009

  Written by William

  Tags

  bankruptcy, Chrysler

  Chrysler files for bankruptcy

  

  Chrysler LLC filed for bankruptcy on Thursday after talks to restructure its debt with lenders broke down. Despite intense negotiations over the past few weeks, Chrysler failed to gain the full support from its lenders to avoid the first-ever bankruptcy filing by a major U.S. automaker. At the same time, Chrysler as expected entered [...]

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