03.31.09 HOLDEN business report

03.31.09 HOLDEN business report - Holden parent may go...

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Holden parent may go bankrupt 31/03/2009 7:03:01 AM By Stuart Fagg,  ninemsn Money  with AAP Holden's parent company, General Motors, said overnight that it was not ruling out  bankruptcy as an option, a day after its  CEO was forced to resign by US president  Barack Obama. US and global markets plunged overnight after US automakers were set tough new  deadlines to avoid bankruptcy, as the government demanded that Chrysler seal a  deal with Fiat and rejected General Motor's rescue plan as it ousted the company's  boss. Holden said it was 'monitoring' the situation in the US but the omens are worrying.  Ousted CEO Rick Wagoner was believed to be a strong supporter of plans to build  a new four-cylinder car in Adelaide. After Wagoner was  forced to resign yesterday, it emerged that he may be entitled to  pension valued at around $30 million. That includes around $80,000 per year and 
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This note was uploaded on 08/11/2009 for the course BUSINESS - taught by Professor - during the Summer '09 term at École Normale Supérieure.

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03.31.09 HOLDEN business report - Holden parent may go...

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