AutoNews247.com

Creditors of General Motors Corp.’s bankruptcy estate won permission to seek data from new General Motors and other parties to estimate what could be billions of dollars in asbestos claims. U.S.

Tags: Asbestos Claims, Bankruptcy Estate, Billions Of Dollars, Creditors, Face, General Motors, General Motors Corp, Gm, United States

Visteon’s reorganization proposal has divided creditors owed at least $2.8 billion. Bondholders, who are sponsoring the plan, would own 95 percent of Visteon, with current shareholders getting the rest.

Tags: Bankruptcy, Bondholders, Creditors, Current, Exit, Reorganization Proposal, Shareholders, USD, Visteon, Vote

Belgian foam maker Recticel said today that two of its U.S. subsidiaries filed for Chapter 11 bankruptcy protection from creditors due to the crisis in the U.S. automotive market.

Tags: Automotive Market, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Creditors, File Bankruptcy, foam maker, Recticel, Subsidiaries, United States

Belgian foam maker Recticel said today that two of its U.S. subsidiaries filed for Chapter 11 bankruptcy protection from creditors due to the crisis in the U.S. automotive market.

Tags: Automotive Market, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Creditors, foam maker, Recticel, Subsidiaries, United States

Creditors of bankrupt Hayes Lemmerz International Inc. dropped demands to investigate the car wheel maker, according to court documents filed on Tuesday, which may end a two-month fight over the company’s reorganization.

Tags: Car Wheel, car wheel maker, Court Documents, Creditors, Hayes Lemmerz, Hayes Lemmerz International, Hayes Lemmerz International Inc, Reorganization, Wheel, Wheel Maker

Chrysler’s creditors are suing Daimler AG, alleging the German company stripped “billions of dollars in assets” before selling the crippled automaker to Cerberus Capital Management in 2007.

Tags: Assets, Automaker, Billions Of Dollars, Capital Management, Cerberus Capital Management, Chrysler, Chrysler Daimler, Creditors, crippled automaker, Daimler Ag, Daimler Chrysler, Fraud, German Company

Chrysler creditors have won approval from a federal bankruptcy court to sue Daimler AG and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.

Tags: Assets, Automaker, Chrysler, Chrysler Daimler, Creditors, Daimler Ag, Daimler Chrysler, Federal Bankruptcy Court

Creditors of Chrysler have asked a bankruptcy court to allow them to sue Daimler AG, arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets.

Tags: Assets, Automaker, Bankruptcy Court, Chrysler, Chrysler Daimler, Creditors, Daimler Ag, Daimler Chrysler, United States

In bankruptcy, employees and retirees are often a quiet voice difficult to hear above the buzz of dueling lawyers and creditors.

Tags: Bankruptcy, Buzz, Creditors, Delphi, Delphi Retirees, Flood, Lawyers, Protest Letters, Quiet Voice

A group of dissenting bondholders told a U.S. Bankruptcy Court judge today that General Motors’ proposed asset sale to the government should be blocked because it is not “a genuine sale.”

Tags: Bankruptcy Court, Bondholders, Court Judge, Creditors, General Motors, Gm

A group of dissenting bondholders told a U.S. Bankruptcy Court judge today that General Motors’ proposed asset sale to the government should be blocked because it is not “a genuine sale.”

Tags: Bankruptcy Court, Bondholders, Court Judge, Creditors, General Motors, Gm, U.S. Bankruptcy Court

General Motors’ Saab said it was likely to announce its new owner this week and that three quarters of its creditors had agreed to a proposed writedown of the money-losing brand’s debt.

Tags: Creditors, General Motors, Money, Saab, Three Quarters

General Motors’ Saab brand, which has been operating under protection from creditors since February, could announce its preferred bidder this week, Bloomberg News reported today.

Tags: Bloomberg, Bloomberg News, Creditors, General Motors, Preferred Bidder, Saab

General Motors’ Saab brand, which has been operating under protection from creditors since February, may announce its preferred bidder this week.

Tags: Creditors, General Motors, Gm, Gm Motors, Preferred Bidder, Saab

Here is a list of General Motors’ 25 largest creditors, excluding unions and bond holders, according to court documents filed this morning in New York Bankruptcy Court.

Tags: Bankruptcy Court, Bond Holders, Court Documents, Creditors, General Motors, Gm, New York Bankruptcy Court, Unions

General Motors today finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.

Tags: Bankruptcy Filing, Bondholders, Creditors, General Motors, Gm, Obama administration

A Swedish court today granted General Motors’ money-losing Saab unit a further extension to its protection from creditors as a local newspaper named carmaker Koenigsegg, the Renco Group and Fiat S.p.A. as potential buyers for the brands.

Tags: Carmaker, Creditors, Fiat, Fiat S.p.A., General Motors, Koenigsegg, Local Newspaper, Money, potential buyers, Renco Group, Report Names, Saab, Swedish Court, Wins

A Swedish court today granted General Motors’ money-losing Saab unit a further extension to its protection from creditors as a local newspaper named carmaker Koenigsegg, the Renco Group and Fiat S.p.A. as potential buyers for the brands.

Tags: Bidders, Creditors, Fiat, Fiat S.p.A., General Motors, Koenigsegg, Local Newspaper, Money, potential buyers, Renco Group, Restructuring, Saab, Swedish Court

Germany scrambled today to put a plan in place to protect Opel from a looming bankruptcy filing by its U.S. parent General Motors.

Tags: Bankruptcy Filing, Creditors, General Motors, Germany, Opel, United States

General Motors’ biggest bondholders plan to reject the company’s current offer for a 10 percent equity stake, a spokesman for the creditors said on Friday.

Tags: Bondholders, Creditors, Current, Equity Stake, General Motors, Gm, Spokesman

A looming General Motors bankruptcy won’t deter bondholders from pressing ahead with demands for more favorable treatment in the automaker’s restructuring, an adviser for the creditors said.

Tags: Adviser, Ahead, Automaker, Bankruptcy, Bondholders, Creditors, Favorable Treatment, General Motors, Gm, Restructuring

A looming General Motors bankruptcy won’t deter bondholders from pressing ahead with demands for more favorable treatment in the automaker’s restructuring, an adviser for the creditors said.

Tags: Adviser, Ahead, Automaker, Bankruptcy, Bondholders, Creditors, Favorable Treatment, General Motors, Gm, Restructuring

Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline.

Tags: Bankruptcy, Chrysler, Chrysler LLC, Collapse, Creditors, Fiat, Last Minute Deal, Llc, Midnight Deadline

Chrysler LLC creditors and the U.S. Treasury Department agreed late Monday on terms that may prevent a Chrysler bankruptcy filing, the Washington Post reported. The creditors agreed to write down $6.

Tags: Bankruptcy Filing, Chrysler, Chrysler LLC, Creditors, the Washington Post, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department, USD, Washington Llc, Washington Post

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler’s main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said.

Tags: Chrysler, Creditors, Debt Reduction, Knowledge, Lenders, People, Treasury Department, U S Treasury, U S Treasury Department