<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区
          WORLD> America
          Bankruptcy remains an option for GM, analysts say
          (Agencies)
          Updated: 2009-02-19 09:41

          DETROIT  – A government-backed bankruptcy reorganization remains an option for saving General Motors Corp and Chrysler LLC, analysts said on Wednesday, even though the automakers have said they would rather not go down that road.


          Car salesman Ray Schaffer (L) shows a customer a 2009 Chevrolet Impala sedan at a dealership in Dearborn, Michigan December 29, 2008. [Agencies] 

          Related readings:
           Chinese automaker denies buying GM's Hummer
           GM, Chrysler seek more govt aid, to cut more jobs
           GM, UAW in talks racing toward Tuesday deadline
           GM's fall could help speed up restructure

          GM and Chrysler asked for billions of dollars more in federal aid on Tuesday and announced sweeping changes including capacity reductions and job cuts.

          Some Wall Street analysts were disappointed that the restructuring plans submitted to the US Treasury did not include key concessions from the United Auto Workers union and the automakers' bondholders.

          One analyst said that taking the bankruptcy option off the table would reduce the bargaining power of the companies.

          Both GM and Chrysler analyzed a possible bankruptcy filing in their restructuring plans but stressed that it was not their preferred method for reorganizing and that they hoped to avoid this scenario.

          GM, which has requested $16.4 billion in additional loans from the US government for a total of up to $30 billion, has said it would run out of cash as soon as March without new federal funding.

          The request came shortly after smaller rival Chrysler asked for another $5 billion in aid.

          GM's request that a sizable chunk of total aid come in the form of preferred equity rather than debt is a "tacit acknowledgment of the fact that GM may emerge from an out-of-court process as a still highly levered firm," JP Morgan analyst Himanshu Patel said.

          David Leiker, analyst with Robert W. Baird, still sees bankruptcy as the best option for a reorganization.

          "Though likely to be painful near-term, we continue to believe that the challenges to restructuring GM and Chrysler are too complicated to be met outside of a bankruptcy," Leiker said.

          In its restructuring blueprint, GM estimated that if it were forced to reorganize in a traditional bankruptcy, the tab for the government could touch $100 billion in bankruptcy financing.

          Chrysler estimated that the bill for its bankruptcy could hit $1,200 per taxpayer.

          GM also outlined cost-reduction actions but still has to reach an agreement with its bondholders and the UAW on how to reduce the roughly $48 billion it owes both groups.

          An equity-for-debt swap, which is being considered, could significantly hit stockholders.

          "A substantial majority of the pro-forma equity in General Motors would be distributed to exchanging bondholders and the UAW VEBA," Credit Suisse analyst Chris Ceraso said. "The existing equity holders would largely be wiped out by the bond and VEBA exchanges."

          The UAW VEBA is trust fund set up to cover employee healthcare costs.

          Another issue that could crop up for auto investors is the potential for "going concern opinions" from auditors due to the liquidity crunch, operational losses and solvency issues in the auto industry, according to Grant Thornton, a corporate advisory and restructuring services firm.

          A going concern opinion is a statement that there is substantial doubt about the entity's ability to continue as a going concern, something that would be typically mentioned in US Securities and Exchange Commission filings by companies.

          "It's important for the public, the supply base and all of the parties involved in restructuring the auto industry not to overreact if they start seeing 'going concern' opinions," said Kimberly Rodriguez, co-leader of Grant Thornton's global automotive team, adding that the radical restructurings GM and Chrysler are undertaking would ultimately help salvage the industry.

          GM shares were down 9 cents or 4.13 percent at $2.09 in afternoon trading on the New York Stock Exchange.

          主站蜘蛛池模板: 九九热这里只有精品在线| 九九热精品免费在线视频| 一区二区三区一级黄色片| 国产在线视频不卡一区二区| 久久精品无码免费不卡| 久久精品手机观看| 成人乱人乱一区二区三区| 久久99精品久久久久麻豆| 98精品全国免费观看视频| 9色国产深夜内射| 亚洲AV日韩AV激情亚洲 | 无码少妇一区二区三区浪潮av| 曰韩精品无码一区二区三区视频| 国产午夜精品亚洲精品| 亚洲欧美成人久久综合中文网| 五月婷婷久久中文字幕| 日本一区二区久久人妻高清| 91麻豆亚洲国产成人久久| 国产国产午夜福利视频| 亚洲伊人久久精品影院| 国产超碰无码最新上传| 精品偷自拍另类在线观看| 精品一区二区三区蜜桃久| 欧洲熟妇精品视频| 久久午夜私人影院| 国产最新精品系列第三页| 亚洲午夜成人精品电影在线观看 | 国产成人啪精品视频免费APP| 国产精品污双胞胎在线观看| 国内熟妇人妻色在线视频| 亚洲激情在线一区二区三区| 中文字幕av日韩有码| 插插无码视频大全不卡网站| 欧洲熟妇色xxxxx欧美| 99在线无码精品秘 人口| 蜜臀av午夜精品福利| 日本亚洲欧洲无免费码在线| 亚洲最大色综合成人av| 成人无码午夜在线观看| 国产小视频一区二区三区| 94人妻少妇偷人精品|