Business writer for the Detroit Free Press
Business writer for the Detroit Free Press
PROFILE
Tim Higgins
Guest
FROM Tim Higgins
To the Point
GM Lost $4.3 Billion Following Bankruptcy General Motors has issued its first earnings report since it emerged from bankruptcy with the help of American taxpayers. It had a positive cash flow of $1 billion, but the bottom line shows a lost of $4.3 billion. Tim Higgins reports on business for the Detroit Free Press .
To the Point
GM Emerges from Bankruptcy General Motors emerged from bankruptcy today and CEO Fritz Henderson declared that “ business as usual is over .” Acknowledging the support GM has received during its transformation, he vowed to make the intensity, decisiveness and speed “the new norm” in the company's day-to-day operations. Tim Higgins is automotive reporter for the Detroit Free Press .
Which Way, L.A.?
The Fall of an Industrial Titan: GM Goes Bankrupt It used to be said that “what's good for General Motors is good for the country.” Not any more. The car company that muscled its way to becoming one of the largest manufacturers in the world filed for bankruptcy today. It's the fourth largest bankruptcy in American history. After pouring billions of dollars into the failed company, how will the US government restructure GM, as it becomes the major stakeholder? Will the United Auto Workers Union survive or be forced to merge with another union? What kind of cars will roll off the assembly line of a new, streamlined GM?
To the Point
The Fall of an Industrial Titan: General Motors Goes Bankrupt It used to be said that “what’s good for General Motors is good for the country.” Not any more. The car company that muscled its way to becoming one of the largest manufacturers in the world filed for bankruptcy today. It’s the fourth largest bankruptcy in American history. After pouring billions of dollars into the failed company, how will the US government restructure GM, as it becomes the major stakeholder? Will the United Auto Workers union survive or be forced to merge with another union? What kind of cars will roll off the assembly line of a new, streamlined GM?
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