TIMELINE - GM emerges from bankruptcy
(Reuters) - A new General Motors emerged from bankruptcy protection on Friday, far more quickly than most industry-watchers had expected, as a leaner automaker aiming to win back American consumers and pay back taxpayers.
Here is a timeline of GM's recent struggles:
October 23/24, 2008 - General Motors and Chrysler, which at the time were discussing a merger, pledge to cut jobs and close plants as the downturn in auto sales deepens.
December 19 - The United States announces a $17.4 billion (10.7 billion pounds) lifeline to Detroit carmakers from the $700 billion Troubled Asset Relief (TARP) program. GM is to receive $13.4 billion and Chrysler $4 billion. Ford says it does not need a loan.
February 17, 2009 - GM and Chrysler request nearly $22 billion in additional U.S. government loans.
March 19 - The U.S. Treasury pledges $5 billion to aid auto suppliers crucial to the survival of the industry.
March 29 - GM Chief Executive Rick Wagoner resigns.
March 30 - Canada offers C$4 billion (2.1 billion pounds) in bridge loans to the Canadian branches of GM and Chrysler.
-- Russia pledges over $1 billion to its auto industry. Continued...
Insider sales not a sell signal
U.S. corporate bosses are likely to sell more of their companies' stock through to the end of the year, but that does not mean share prices have topped. Full Article

UK
US