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Posts Tagged ‘United Auto Workers’

GM Faces Bankruptcy, What Will the Fallout Be?

May 30

Written by: Aaron Turpen

Published on May 30th, 2009 in Electric Cars, Featured

General Motors‘ bondholders rejected a debt-for-equity swap and so have set into motion the likely bankrupting of GM. This could be the largest industrial bankruptcy in American history. GM has until the end of the month to convince government officials that it’s solvent, but with over $100 billion in red ink, it’s not likely to happen.

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Chrysler, Fiat, Bankruptcy and Renewal: Can Fiat Win U.S. Over?

May 4

Written by: Aaron Turpen

Published on May 4th, 2009 in Electric Cars, Featured, Hybrid Vehicles

Chrysler officially declared bankruptcy last week amongst cries from various political parties and pundits over the whys and hows of the deal. Despite billions in government bailouts and massive cutbacks by the company–even the restructuring of agreements with United Auto Workers and several of Chrysler’s debtors–the company could not avoid the inevitable.

Read More: Chrysler, Fiat, Bankruptcy and Renewal: Can Fiat Win U.S. Over?

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