{"id":9282,"date":"2008-12-04T00:00:00","date_gmt":"2008-12-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gm-chrysler-considering-bankruptcy-to-get-bailout-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/gm-chrysler-considering-bankruptcy-to-get-bailout-report.html","title":{"rendered":"GM, Chrysler considering bankruptcy to get bailout: report"},"content":{"rendered":"<p><span class=\"yshortcuts\">Reuters &#8211; General Motors Corp<\/span> and <span class=\"yshortcuts\">Chrysler LLC<\/span> are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi <span class=\"yshortcuts\">billion dollar government<\/span> bailout, Bloomberg reported, citing a person familiar with internal discussions.<\/p>\n<p>In response to automakers&#8217; bailout plea, staff for three <span class=\"yshortcuts\">members of Congress<\/span> have asked restructuring experts if a pre-arranged bankruptcy &#8212; negotiated with workers, creditors and lenders &#8212; could be used to reorganize the sector without liquidation, Bloomberg said.<\/p>\n<p><span class=\"yshortcuts\">General Motors<\/span> and Chrysler could not be immediately reached for comment by Reuters.<\/p>\n<p>Industry executives and analysts say the immediate carnage from a bankruptcy of General Motors Corp, <span class=\"yshortcuts\">Ford Motor Co<\/span> or Chrysler would spread throughout an industry that is bleeding cash in a global slowdown.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081204\/bs_nm\/us_autos_bailout_options\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. In response to automakers&#8217; bailout [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3465,4022,1981,4021,3588,784,3612,138,1966,1301,3616,117,402,530,3980,1003,2709,531,2707],"class_list":["post-9282","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amar-gill","tag-auburn-hills-michigan","tag-back-pain","tag-chrysler","tag-csx","tag-dislocations","tag-dphiq-pk","tag-east-coast-routes","tag-economic-crisis","tag-financial-institutions","tag-government-funding","tag-investment-arm","tag-investment-firm","tag-last-november","tag-miles-per-gallon","tag-objections","tag-reshuffle","tag-setback","tag-severe-losses"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9282"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9282\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}