Just a month after it filed for bankruptcy, Chrysler is wrapping up the proceedings — much sooner than most observers anticipated. But now comes the hard part. Amy Scott reports.
Analyst and management professor Peter Cohan talks with Bill Radke about why GM offered its bondholders a new deal and if a quick bankruptcy will help more people keep their jobs.
Doug Foreman, director of equities at Highmark Capital, talks with Steve Chiotakis about how GM's new bondholder offer might change the game and why bondholders took the automaker's offer.
Before the talks began, GM revealed it needed an extra $400 million in cash to keep Opel going, which outraged German officials. Bill Radke asks European correspondent Stephen Beard why and what this boils down to for the companies involved.
Auto parts maker Visteon has $4.5 billion assets, but is $5.3 billion in debt. Ford will back Visteon through its bankruptcy filing. Tamara Keith talks to Steve Chiotakis about what the company will see in the coming months.
Micki Maynard from the New York Times speaks with Kai Ryssdal about the latest potential plan for troubled automaker GM, which has the Treasury Department owning 70% of the company if it declares bankruptcy.
First it was Chrysler, and now it looks like GM is headed to bankruptcy. In both situations bondholders have had significant power deciding the fate of the company. Why? Amy Scott reports.
Bill Radke talks to Doug Bernstein, bankruptcy attorney with Plunkett Cooney in Bloomfield Hills, Mich., about GM bondholders rejecting the offer to exchange debt for GM stock.
Steve Chiotakis talks to Bill Stone, Chief Investment Strategist at PNC Wealth Management in Philadelphia, about the market's reaction to GM's news this morning.
Steve Chiotakis talks to Dan Grech about what happened — or what didn't happen — with the deal between GM and bondholders, and what the government will do as a major hands-off stakeholder in the company.
