Car dealer Kelly takes business approach
Tags: KELLY, Mike; GENERAL Motors Corp.; BAILOUTS (Finance)
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- CEO: GM needs to get further, faster. Henderson, Frederick A. // Hill;4/22/2009, Vol. 16 Issue 44, p20
The article reports on the business plans of General Motors Corp. as the company and the automobile industry benefited the economic bailout of the U.S. government, with the company's chief executive officer (CEO), Frederick A. Henderson, detailing direction of the company.
- Govt. plan made GM a big winner--in China. // Automotive News;9/7/2009, Vol. 84 Issue 6376, p29
The article reports that the U.S. government's bailout plan helped General Motors Corp. double its August 2009 sales compared with year-ago levels. However, in China, sales have soared since January 2009, when the government halved the sales tax on vehicles with engines of 1.6 liters or smaller....
- OPINION. // Crain's Cleveland Business;11/24/2008, Vol. 29 Issue 47, p1
The article reflects on the opinion of U.S. Congress that a bailout of General Motors Corp. is expensive. It states that even if General Motors could get debtor-in-possession financing to keep the lights on, Chapter 11 means a collapse of sales and a spiral into a Chapter 7 liquidation. It is...
- Strings attached to aid would force big changes at GM. Lareau, Jamie // Crain's Detroit Business;11/17/2008, Vol. 24 Issue 46, p28
The article presents the author's comment on the bailout package given to General Motors Corp. from the U.S. government. According to the author, any bailout will come with strings attached. It is stated that Democrats will demand limits on executive compensation and partial government...
- Detroit Bailout Hurts Everyone Else. Hensarling, Jeb // Human Events;1/5/2009, Vol. 65 Issue 1, p1
The author opposes the Troubled Asset Relief Program bailout for Chrysler and General Motors (GM) which are based in Detroit, Michigan. He predicts that the requirements set by U.S. President George W. Bush will not be met because of the Democratic Congress and administration and that the bail...
- online comments. // Automotive News;2/23/2009, Vol. 83 Issue 6348, p12
The article presents the online comments of some of the readers in response to a story on the journal's Web site "GM seeks up to $16 billion more in U.S. assistance." One of them questions if there is really any plan that can make General Motors Corp. (GM) a sustainable business under its...
- $10B Gap Between Ally's Value and Bailout Debt. // American Banker;10/1/2010, Vol. 175 Issue F338, p15
This article reports that General Motors Corp. has valued automobile lender Ally Financial Inc. at $6.9 billion, substantially less than the $17.2 billion it owes for the U.S. government bailout. General Motors was the former parent company of Ally.
- Bush Delivers $17.4 Billion; Detroit Exhales. Amend, James; Pope, Byron; Mayne, Eric // Ward's Auto World;Jan2009, Vol. 45 Issue 1, p8
The article reports that U.S. President George W. Bush provided Detroit automobile makers General Motors Corp. (GM) and Chrysler LLC with $17.4 billion in low-interest loans. The move was meant to save the automobile makers from bankruptcy and provide rescue plan for them. GM will immediately...
- N. America is vital, so Fritz takes over. Guilford, Dave // Automotive News;7/13/2009, Vol. 83 Issue 6368, p23
The article reports that Fritz Henderson, chief executive officer (CEO) of General Motors Corp. (GM), will run operations of the comany in North America himself. As reported, it is important for GM to make money in North America because the company has been bailed out with tens of billions of...
