Motors Liquidation Company
(MTLQQ:OTC)
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MTLQQ Details
Motors Liquidation Company and its subsidiaries completed the sale of substantially all of their assets to General Motors Company on July 10, 2009. Previously, the company was primarily engaged in the design, manufacture, and marketing of cars and light trucks worldwide. It was formerly known as General Motors Corporation and changed its name to Motors Liquidation Company in July 2009 in connection with the sale of substantially all of its assets pursuant to Section 363(b) of the Bankruptcy Code and the Bankruptcy Court’s sale order dated July 5, 2009. The company was founded in 1908 and is headquartered in Detroit, Michigan. On June 1, 2009, General Motors Corporation, along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York.
MTLQQ Top Compensated Officers
Key developments for Motors Liquidation Company (MTLQQ)
Motors Liquidation Company announced that they will report Q3, 2009 results on November 16, 2009.
Motors Liquidation Company, Q3 2009 Earnings Call, Nov-16-2009
Motors Liquidation Company (MLC) announced that it intends to continue with the sale process of its power train manufacturing and engineering facility in Strasbourg, France. The company has retained BofA Merrill Lynch (Bank of America Merrill Lynch) as financial advisor for the sale. The potential sale of the Strasbourg facility was originally announced by Motors Liquidation (General Motors Corp.) in September 2008, with the stated intention of generating liquidity for the company and allowing the Strasbourg facility to pursue additional growth opportunities under new ownership. The company’s efforts to sell the facility are pursuant to its ongoing Chapter 11 bankruptcy in the U.S. The company said it intends to focus on potential buyers that would continue the manufacturing, engineering and die-casting operations with the facility's existing customer base, suppliers and workforce.
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MTLQQ transactions
| Type Date |
Target |
|
Merger/Acquisition
October 27, 2009 |
Motors Liquidation Company, Wilmington Assembly Plant |
|
Bankruptcy
October 19, 2009 |
Edscha North America, Inc. |
|
Merger/Acquisition
August 10, 2009 |
General Motors Corporation, Powertrain Plant |
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