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General Motors Chapter 11 reorganization. The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed ...
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
Motors Liquidation Company ( MLC ), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to ...
The deadline for filing claims was Jan. 31, but any claims postmarked by that date are eligible for review. GM gets 57 more claims for faulty ignition switch compensation Skip to main content
The General Motors ignition switch recalls refers to February 6, 2014 when General Motors recalled about 800,000 of its small cars due to faulty ignition switches, which could shut off the engine while the vehicle was in motion and thereby prevent the airbags from inflating. [1] The company continued to recall more of its cars over the next ...
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The GM diet is a seven-day weight loss plan that claims to help you drop up to 15 pounds in a week. General Motors allegedly created the diet in 1985 for its employees to promote wellness and ...
Product recalls are one of a number of corrective actions that can be taken for products that are deemed to be unsafe. [1] The recall is an effort to limit ruination of the corporate image and limit liability for corporate negligence, which can cause significant legal costs.