Tag: General Motors Canada

Bailout on the Brink

Judge Set to Rule on Case that Could Reverse Auto Bailout

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GM, Judge Robert Gerber

A New York federal judge may rule imminently on a case that could reverse the General Motors (GM) bailout and send the company back into bankruptcy, according to sources close to the case.

General Motors is Alive—For Now

Creditor lawsuit could undo auto bailout, force GM into bankruptcy, analysts say

BY:  — 

GM logo

A backroom deal hatched by General Motors during the auto bailout to fulfill the Obama administration’s demand for a quick bankruptcy could be reversed, draining the automaker of nearly all of its cash on hand and leaving it in worse shape than it was when it collapsed in 2009.