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GM CEO Says Bankruptcy Would Cause Liquidation
If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, CEO Rick Wagoner said Tuesday. ...more
March 17, 2009
BIZ BITS
Ford Makes Deal On UAW Fund The United Auto Workers and Ford Motor Co. said Monday they agreed to let the automaker change how it pays for a health care trust fund for retired workers. Ford said the agreement allows it to make payments to the union-managed trust with up to 50 percent of company stock instead of cash. ...more
February 24, 2009
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