GM bankruptcy in 2009

GPTKB entity

Statements (68)
Predicate Object
gptkbp:instanceOf bankruptcy
gptkbp:aftermath Led_to_a_more_competitive_GM
gptkbp:brand Impacted_GM's_various_brands_like_Chevrolet_and_Cadillac
gptkbp:CEO gptkb:Rick_Wagoner
gptkbp:community_engagement Mixed reactions from the public
gptkbp:community_impact Community relations were strained
gptkbp:community_service Controversial public assistance measures
gptkbp:consequences Dealers faced uncertainty and changes in contracts
Restructured debt and equity
gptkbp:court Involved complex legal negotiations
gptkbp:cultural_impact Corporate culture underwent changes
Diversity initiatives were impacted
Labor relations were significantly altered
gptkbp:date June 1, 2009
gptkbp:duration Approximately 40 days
gptkbp:economicActivity Part of the 2008 financial crisis
gptkbp:environmental_impact Increased focus on environmental sustainability
Led to stricter regulations in the auto industry
Shareholders lost most of their investments
Signaled a major crisis in the auto industry
Supply chain management was restructured
gptkbp:filingLocation gptkb:U.S._Bankruptcy_Court_in_New_York
gptkbp:financial_aid Conditions attached to federal aid
gptkbp:financialPerformance Financial stability was a major concern
Investors faced significant losses
gptkbp:future_plans Adopted new strategies for sustainability
Led_to_the_creation_of_a_new_GM
gptkbp:healthcare Healthcare_benefits_were_renegotiated
https://www.w3.org/2000/01/rdf-schema#label GM bankruptcy in 2009
gptkbp:impact Customer confidence affected
Future growth strategies were redefined
Increased competition among automakers
Influenced future corporate bankruptcies
Led to a focus on fuel-efficient vehicles
Suppliers faced financial difficulties
Technology investments were prioritized.
Thousands of jobs lost
gptkbp:influence Affected_GM_operations_worldwide
gptkbp:innovation Innovation efforts were redirected
Stimulated innovation in the auto sector
gptkbp:internationalClassification Global_reactions_to_U.S._auto_industry_crisis
gptkbp:internationalCooperation International operations were reassessed
gptkbp:investmentFocus Investment strategies were revised
gptkbp:is_a_key_player_in Barack_Obama,_Treasury_Secretary_Timothy_Geithner
gptkbp:is_involved_in Negotiated with bondholders and creditors
gptkbp:leadership Mary_Barra_became_CEO_in_2013
gptkbp:legacy Changed_the_landscape_of_American_manufacturing
gptkbp:losses $82 billion in losses from 2004 to 2008
gptkbp:marketingStrategy Marketing strategies were reevaluated
gptkbp:media_coverage Extensive media coverage during the process
gptkbp:operational_status Returned to profitability in 2010
gptkbp:outcome Chapter_11_bankruptcy_protection
gptkbp:owner Government became majority owner
gptkbp:partnerships Partnerships with other companies were affected
gptkbp:party Received $50 billion in federal aid
gptkbp:public_perception Increased scrutiny of corporate governance
gptkbp:reform Involved closing plants and reducing workforce
Led to discussions on financial regulations
Prompted_calls_for_bankruptcy_law_reform
gptkbp:relatedEvent Decline_in_U.S._auto_sales
gptkbp:reputation Reputation took a significant hit
gptkbp:research_focus Research and development budgets were cut
gptkbp:retirementYear Pension plans were affected
gptkbp:significance Largest_bankruptcy_filing_in_U.S._history_at_the_time
gptkbp:social_responsibility Auto_Industry_Financing_Program
gptkbp:stockSymbol Stock prices of competitors fluctuated
gptkbp:strategicGoals Shifted focus to electric vehicles
gptkbp:treaty Agreed_with_the_UAW_on_labor_costs