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GM Seeks Approval to Sell Assets

Just 29 days after filing the biggest bankruptcy case ever by a U.S. industrial company, General Motors is before a federal judge this morning to seek approval for the sale of its assets to a new and leaner government-run GM. Hundreds of objections have been filed by bondholders, tort claimants, local governments, state attorneys general and other stakeholders who oppose certain aspects of the sale. GM's CEO, Fritz Henderson, is scheduled to testify. Follow today's events inside the courtroom on Twitter below and sign up to follow The Ticker on Twitter. --Tomoeh Murakami Tse

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    By Editor  |  June 30, 2009; 9:35 AM ET
    Categories:  The Ticker  
    Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Paulson Finally To Face Music On Govt. Role In Bank of America-Merrill Merger
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    Boycott GM.

    Posted by: pgr88 | June 30, 2009 10:50 AM | Report abuse

    Buy a Chevrolet from the same Federal Government that squandered the hundreds of thousands of dollars I paid into Social Security?

    ¿ Estás loco ?

    Posted by: coloradodog | June 30, 2009 1:43 PM | Report abuse

    GM is the undead. It rises from the grave of bankruptcy to suck the taxpayer's blood.

    Posted by: godismyshadow | June 30, 2009 8:38 PM | Report abuse

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