A leaner General Motors is close to starting a new life under government ownership after a judge denied an 11th-hour request Thursday to block the automaker's quick exit from bankruptcy.
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Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More - AP Source: Fiat mulls IPO after buying Chrysler
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A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
BING NEWS:
- Tech’s 2024 winners and losers—from Elon Musk to GM’s Cruise
Perhaps this is true every year, but I’ve felt that tech in 2024 was an especially character-driven drama. What’s Elon going to do next? What’s Sam Altman’s next move? And how did GM’s acquisition of ...
12/27/2024 - 12:30 am | View Link - Michigan To Renegotiate Incentive Deal Following GM Stake Sale In Lansing Battery Plant
Joint venture Ultium Cells was awarded a $666 million grant package in 2022, which Michigan officials will attempt to renegotiate with GM.
12/20/2024 - 6:12 am | View Link - State to renegotiate GM incentive deal after battery plant exit
Michigan officials are planning to renegotiate a taxpayer-funded incentive deal for General Motors Co. after the Detroit-based automaker said it would exit the Ultium Cells electric vehicle battery ...
12/19/2024 - 9:43 pm | View Link - Wall Street Mostly Upbeat on GM's Decision to Pull the Plug on Cruise
DETROIT (Reuters) - General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker's decision to do so was still a disappointing end for ...
12/11/2024 - 7:39 am | View Link - More
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