General Motors’ bankruptcy filing will do what its past chief executives could not — cleanse the century-old company of burdensome labor costs, unprofitable old factories and a boatload of debt.

General Motors all but conceded it will go into bankruptcy after several key bondholders balked at a debt-for-equity swap, but if Chrysler's filing is any guide, a protected reorganization could be ...

U.S. officials are pushing General Motors to prepare for a bankruptcy filing ahead of the June 1 deadline, according to a report. GM insists publicly that it can reorganize before that date, but the ...

Unsurprisingly, one of the world's largest automakers is a little bit wary of the bankruptcy of one of the world's largest auto parts manufacturers. Per Automotive News, General Motors held an urgent ...

WASHINGTON/DETROIT (Reuters) - General Motors on Wednesday prepared to face the fallout from a failed debt exchange that sends the largest U.S. automaker closer to a bankruptcy filing expected by the ...

Hertz files for bankruptcy, impacting used car prices, automakers like GM, Chrysler, & Ford. Learn how this affects you.

DANVILLE – As General Motors moves through the bankruptcy process, the hundreds of local retirees from the former Tilton foundry are mostly concerned with how their health insurance will be affected. ...