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Tag Archive for 'bankruptcy'

GM to do PR right

Congratulations, Bob Lutz. You had the right idea on GM.
Most Americans think GM and Chrysler are still bankrupt. General Motors is running a series of ads to show that it isn’t, and that it still has a future.
A huge number of  Americans still seem to think that Chrysler is owned by the government or Fiat, [...]

Could HR2743 bankrupt Chrysler and GM?

Could H.R. 2743, almost certain to be passed within the next day or two, cause the Chapter 7 liquidation of GM and Chrysler and the loss of government loans already made to those entities?

Here is the operative text of the bill:
… an automobile manufacturer in which the Federal Government has an ownership interest, or which [...]


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