Media Coverage

Peter Kaufman, restructuring expert and president of New York Investment bank Gordian Group LLC, said that GM would most likely follow Chrysler into bankruptcy. “This is not playing by the rules, but the government has shown it’s not terribly interested … Read more

“There’s not a lot of deals getting done,” said Michael Harness, president of Osyka Corp., a Houston-based oil and gas exploration company.  Too many sellers still have unrealistic prices on properties relative to current commodity prices, leaving the deal market … Read more

An Obama administration official said the task force had to accommodate the UAW. “You have to remember we need the workers to come to work every day,” the official said. But others agreed with the criticism that the Obama administration … Read more

By Neil King and Jeffrey McCracken The government could be exposed to a host of conflicts and potential unintended consequences if it ends up — as now appears likely — with a controlling stake in General Motors Corp. Under GM’s latest restructuring plan, the U.S. … Read more

An equity-based debt exchange would make the union, the U.S. government and GM’s existing bondholders all major stockholders in the recapitalized automaker. Peter Kaufman, president of investment bank Gordian Group LLC, said GM bondholders would only agree to the terms … Read more

Some experts argued that the government was sending mixed messages that could undercut GM’s chances of negotiating deals on its own. “The government is giving up huge leverage — its ‘hammer’ — when it assures the world it doesn’t want … Read more