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The pension plan covering 10,770 employees of bankrupt auto supplier Metaldyne Corp. has been taken over by the federal government’s Pension Benefit Guaranty Corp., the company said today.

Tags: Auto Supplier, bankrupt auto supplier, Federal Government, Feds, Metaldyne, Metaldyne Corp, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Plan, Pensions

The Pension Benefit Guaranty Corp. said today it would assume responsibility for the pension plans of 70,000 workers and retirees of bankrupt U.S. auto parts maker Delphi Corp .

Tags: Auto Parts, auto-parts maker, Delphi, Delphi Corp., Pension Agency, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Plans, The Pension Benefit Guaranty Corp., U S Auto, United States

The U.S. trustee for General Motors selected a 15-member committee of general unsecured creditors on Tuesday, said sources who attended the organizational meeting. The committee includes creditors such as the Pension Benefit Guaranty Corp.

Tags: Creditor, General Motors, Gm, Member Committee, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Trustee, United States, Unsecured Creditors

A General Motors bankruptcy could become a nightmare for the federal government’s Pension Benefit Guaranty Corp. That’s because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.

Tags: Automaker, Bankruptcy, Federal Government, General Motors, Gm, Gm Motors, Nightmare, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Liabilities

A General Motors bankruptcy could become a nightmare for the federal government’s Pension Benefit Guaranty Corp. That’s because the automaker could dump as much as $13.5 billion in unfunded pension liabilities onto the U.S.

Tags: Automaker, Bankruptcy, Federal Government, General Motors, Gm, Nightmare, Pension Benefit Guaranty, Pension Benefit Guaranty Corp, Pension Liabilities, Pension Liability, United States, USD