38 Dealers to be Rejected By GM

GM filed a motion to reject the franchise agreements of 38 dealers that refused to sign a Wind-Down Agreement. The rejection motion covers 70 individual franchise agreements. The motion can be found here.

Bankruptcy Court Grants GM's 363 Sale Motion

Not unexpectedly, Judge Gerber granted GM's motion to sell substantially all of its assets to "New GM," an entity majority owned and controlled by the United States Treatury. A copy of the decision is found here and a copy of the final order is found here.