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GM registers brankruptcy domains

tryme submitted on 5/19/2009 Official Bell & Ross Timestamp: 10:44:52 AM

7 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

With the emergence of two domain names GM has registered recently (gmrestructuring.

com and gm-restructuring.com), it is becoming clearer that the carmaker is moving toward a filing of Chapter 11 bankruptcy protection before this month ends.

Although the sites are still empty, they are similar to the sites that Chrysler utilized to provide information since it filed Chapter 11 itself. If GM cannot restructure its bond debt, strengthen agreements with union workers and demonstrate that it can be viable before the government set deadline in June 1, then it will have to resort to a filing of Chapter 11 bankruptcy protection.

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GM registers brankruptcy domains

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tryme

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User Comments

komododave

What's with the R.I.P.?? They're restructuring, not dying.

— komododave (View Profile)

Posted on 5/19/2009 11:31:00 AM | reply to this comment | Votes: 0   

veyron1001

They are. If you have not read recently GM is a soon to be import company.

— veyron1001 (View Profile)

Posted on 5/19/2009 1:15:16 PM | | Votes: 0   

fatandsassy

Good Grief people. How many times has Delta and the other airlines filed bankruptcy. It is the only way these large companies can restructure their business and financial plans..

— fatandsassy (View Profile)

Posted on 5/19/2009 12:24:51 PM | reply to this comment | Votes: 4   

StarSearch

GMepicfail.com

— StarSearch (View Profile)

Posted on 5/19/2009 12:58:23 PM | reply to this comment | Votes: 1   

thstone

You think GM's sales are down now? Just wait until they file Chapter 11!

No one is going to buy a car from a company that is in Chapter 11 or even a company that has recently emerged from Chapter 11. Chapter 11 will tank GM's sales for 24 months solid and no amount of "restructuring" can fix a 50%-75% drop in sales.

— thstone (View Profile)

Posted on 5/19/2009 1:06:56 PM | reply to this comment | Votes: 1   

Joe_Limon

Being able to shut down 70% of their plants and lay off vast numbers of people while outsourcing tertiary jobs like janitorial can bring a profit to a 50% drop in sales. Unfortunately the UAW is going to fight them tooth and nail till nothing is left.

— Joe_Limon (View Profile)

Posted on 5/19/2009 1:15:07 PM | | Votes: 1   

1BadMan

The company used the tagline "American Revolution"? Well there you go! A sorry state of affairs for a long time.

— 1BadMan (View Profile)

Posted on 5/19/2009 3:32:40 PM | reply to this comment | Votes: 1   

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