It states that the action is expected to decrease the pension obligation of the firm by 26 billion dollars.MonllosKristinaEBSCO_bspMoney Management Letter
GM employees, retirees, dealers and customers are not happy. Bankruptcy will mean more jobs are cut, more belt tightening, and put even more stress on an already beaten down company. Bondholders and investors are ticked off.Even with the sweetened debt-exchange deal, bondholders are taking a ...
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GM is a pension fund which makes cars as a hobby. Dump all of the money you want to into it, and it won’t do any good. Can you say AMTRACK? Now, it would appear that Congress wants a new hobby too. Healthy new car companies may come out of Tesla and its competitors. They’r...
GM will find it virtually impossible to raise its cash dividend from the current annual 80 cents a share (a yield of just 1.4% at the current stock price), Glantz says. For years to come, added GM profit will have to go to pay off retirees instead of going to shareholders or to pay...
downstream supplier with over 20% dependence is at risk, as a dozen such suppliers have also filed for bankruptcy. Delphi has $750 million in 1H2005 losses. Delphi sees in its future the termination of health benefits for its retirees, however adorned by golden parachutes for its executive ...
The article reports on the decision of General Motors to send checks to its retirees who have opted to receive the lump-sum pension in late August 2012.EBSCO_bspMoney Management Letter
Delphi/GM pension cuts a bitter pill ; The Delphi Salaried Retirees group is suing several agencies in order to regain full pensions.Thomas Gnau
GM Pension Funds $11 Billion ShortDETROIT (AP) _ General Motors Corp.'s pension funds are $11 billion short because the automaker overestimated how much money the funds would earn and underestimated how long its retirees would live.U.S. NewspapersTHE JOURNAL RECORD...
Group to look at GM bailout ; House committee also will examine lower pension payments for some Delphi retirees.Thomas Gnau