[Marxism] [USA] GM and the Motors Liquidation Company

[Lueko Willms]

 In case some comrade had not yet realized the way the "new GM" has
been created, here are a few of the "Investor FAQ" of the "Motors
Liquidation Company": 

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Q. What is Motors Liquidation Company? How does it relate to GM?

A. After it sold substantially all of its assets in the section 363
sale to General Motors Company to create the "new GM," General Motors
Corporation was renamed "Motors Liquidation Company." For the
operations, assets and liabilities that were not transferred to
General Motors Company," the chapter 11 bankruptcy case will continue
in order to resolve creditors' claims and wind down those operations
in an orderly way.


Q. What will happen to my current stock and bond holdings? Will I
receive General Motors Company stock?

A. All of the publicly owned stocks and bonds previously issued by
General Motors Corporation are still securities of that company,
which has been renamed "Motors Liquidation Company," and will be
treated in accordance with the provisions of the U.S. Bankruptcy Code
and the rulings of the Bankruptcy court. None of Motors Liquidation
Company's publicly owned stocks or bonds (including the common stock
that formerly traded on the NYSE under the ticker "GM") are or will
become securities of General Motors Company, which is an independent
separate company. 


Q. Where can I go to get more information on the bankruptcy
proceedings?

A. Additional information, including court documents, can be found on
the bankruptcy court docket at
<http://www.motorsliquidationdocket.com>.


Q. Where can I go to get more information on Motors Liquidation
Company?

A. Information may be found on the company's website,
<http://www.motorsliquidation.com> or by calling 800-414-9603 or
emailing <motorsliquidation at alixpartners.com>. Mailing address for
Motors Liquidation Company Fulfillment Center:
  Motors Liquidation Fulfillment Center
  c/o AlixPartners, LLP
  2100 McKinney Avenue, Suite 800
  Dallas, Texas 75201


Q. Where can I find more information about General Motors Company?

A. Please refer to General Motors Company's website,
<http://www.gm.com>.

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  As I understand, dozens of plants, tousands of workers, and
thousand of franchised dealers are left with the "Motors Liquidation
Company", especially in the USA. 

  What will happen with the main European brand name of GM, Opel, and
its twin for the British Isles, Vauxhall, is still being negotiated.
The published opinion in Germany favors the offer by the consortium
led by Magna and the Russian Sperbank with GAZ, the Russian truck and
car builder, whose main industrial project seems to be the convert
the GAZ car production to Opel models. Recently it was reported that
a John Smith of (new) GM had written in his blog (which I could not
find) that they do not like Magna's offer because of clauses
regulating the new Opel's access to GM patents and the expansion on
the Russian market. 

  
Comradely yours, 
Lüko Willms 
Frankfurt/Main 
/ Lueko.Willms at T-Online.de