May 30th, 2009 — Currency News, Global Economic News
The Argentine unit of General Motors Corp. (GMGMQ) is sound and unaffected by the U.S. company’s decision to file for bankruptcy
Monday, the division said Tuesday in a statement.
“GM Argentina is a legally distinct entity, and is economically and
financially solvent thanks to our healthy balance in the region,” GM Argentina said in a statement posted online.
March 1st, 2009 — Currency News, Global Economic News
A bankruptcy judge certified the sale of the bulk of the assets of Chrysler LLC to a group led by Fiat SpA (FIATY), paving the way for a challenge of the sale order to be heard by the U.S. Second Circuit Court of Appeals.
In an order Tuesday, U.S. Bankruptcy Judge Arthur Gonzalez in Manhattan found the sale order should be heard by the Second Circuit, skipping the usual path of having the case first reviewed by a U.S. district judge. Gonzalez approved the sale late Sunday.