Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Globe Investor

Inside the Market

Up-to-the-minute insights
on developing market news

Entry archive:

GM to skip debt payment Add to ...

Remarkably, the shares of General Motors Corp. were relatively unchanged on Wednesday afternoon - even after The Wall Street Journal (subscription required) reported that the struggling auto maker doesn't plan to make a $1-billion debt payment due on June 1. Instead, GM is reportedly relying on a successful debt-to-equity exchange with bondholders, similar to a deal struck by rival Ford Motor Co. recently, or court protection.

Report Typo/Error
  • General Motors Co
  • Updated June 26 12:35 PM EDT. Delayed by at least 15 minutes.

Next story