Pontiac Equity

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General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand. of a debt-for.

Negative equity, or owing more on your car than it’s worth, kills more car deals than practically anything I know of. Get the full story only at Motor Trend

General Motors Company, commonly abbreviated as GM, is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and.

Most likely, the money you hand over for your child’s full-price lunch does not fully pay for the cost of food and labor that goes into that lunch; a complicated formula called Paid Lunch Equity determines. including Pontiac-William Holliday.

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The value of all of GM’s outstanding stock is about $1.27 billion, so if bondholders get about 10 percent of the equity, the offer is only worth. The company said it would phase out its storied Pontiac brand no later than next year, and the.

JAC Products Inc. – an auto supplier with a growing facility in Saline – was sold to a Chicago-based private equity firm in late 2010. New owner of the Pontiac-based JAC Products is Wynnchurch Capital Ltd., according to a report in Crain’s.

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GM (GM) has unveiled a last ditch plan to stave off bankruptcy. It would essentially involve a big debt-for-equity swap that would leave current. Other changes include the phaseout of Pontiac and 21,000 more job cuts. GM statement.

DETROIT – General Motors Corp. will announce details of its massive restructuring plan today, including the demise of its storied Pontiac brand, more factory closures. thirds of GM’s unsecured bond debt for equity in the company. Such.

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formerly known as Pontiac General Hospital, is metro Detroit’s last remaining independent hospital. "We need to get this done quickly," said attorney Todd Sable of Honigman, Miller, Schwartz and Cohn, representing a family-run private.

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The value of all of GM’s outstanding stock is about $1.27 billion, so if bondholders get about 10 percent of the equity, the offer is only worth. The company said it would phase out its storied Pontiac brand no later than next year, and the.

Under the proposed offering which GM filed with the Securities and Exchange Commission, investors holding $27.2 billion of GM bonds would swap those bonds for 10 percent of the equity shares of. The closure of GM’s Pontiac line was.

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No deliberation was needed to know he loved Pontiac’s GTO. "I saw one and loved it right away. Despite the hours and sweat equity put into this Judge, Moller is the first to testify the effort was well worth it. "Every time you fire it up,

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DETROIT — General Motors Corp. could be majority owned by the federal government and the United Auto Workers under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the.

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"The Pontiac-GMC Division represents a continuing effort at General. recapitalization of the company and has proposed exchanging its existing secured debt for equity in the company. Fuji Bank of Japan plans to cut its work force by 1,800.

Pontiac workers who faced a shutdown of the brand by the end. Bondholders will have to weigh GM’s offer of a 10% equity stake in the company against the possibility that they could get much less, or even nothing, in Bankruptcy.

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General Motors Corp. said Monday it will phase out the Pontiac brand by the end of 2010 as the automaker. of the 90 per cent of bondholders required to convert their debt into equity. Kip Penniman Jr., an analyst with KDP Investment.

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When General Motors vice chairman Bob Lutz announced. and GM. Lutz is leaving, he says, with a strong sense that the work he began in 2001—when he was brought in to reform a product-development culture that had delivered the.

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