	Search News Daily News

NEWS

Daily News Top Stories Breaking News World Politics Business Growth Minute Health Breast Cancer Food & Wine Women Women in Business Opinion Letters to the Editor High Tech Sports Horoscope Entertainment Entertainment Goss Music Features Books Poetry Movie Reviews Home & Garden Industry States Health Column Senior Health Environment Education SupportOurTroops Middle East South Asia Cartoons Video Releases Most Read

WIRES

Eworldwire Marketwire GlobeNewswire PRNewswire Send2Press Marketwire Canada 24-7 Pressrelease Realwire PR.com ACNNewswire Business Wire NewsBlazeWire Spanish Releases Movers/Shakers

OTHER

About Us Contact Us Feedback Writers Bookmarks Link to Us Advertise Sitemap

TECHNOLOGY

RFID Supply Chain Text to Speech Voice Over IP Wi-Fi Games iPod Biotech

NEWSPAPERS

Folsom Orange County Boca Raton St Augustine Vero Beach

Breaking News: Tea Party Against Reid Health Care Bill

Published:

Send to a friend

Motors Liquidation Co. to Continue Sales Process for Facility in Strasbourg, France

DETROIT, Nov. 9 /PRNewswire/ -- Motors Liquidation Co. (MLC), formerly known as General Motors Corp., announced today it intends to continue with the sale process of its powertrain manufacturing and engineering facility in Strasbourg, France, which operates as a subsidiary of MLC. It was also announced that Bank of America Merrill Lynch has been retained as financial advisor for the sale.

The potential sale of the Strasbourg facility was originally announced by 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.

MLC, which said its efforts to sell the facility are pursuant to its ongoing Chapter 11 bankruptcy in the U.S., also 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. Established in 1967, the Strasbourg facility develops and manufactures advanced-technology automatic transmissions for passenger vehicles made by General Motors Co. ("New GM") and BMW AG. The facility also operates a state-of-the-art engineering center and a world-class aluminium die-cast foundry.

About Motors Liquidation Co.

On June 1, 2009, Motors Liquidation Company (formerly General Motors Corporation) and certain subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. An order was entered approving the sale of substantially all of Motors Liquidation Company's assets to a new and independent company under Section 363 of the Bankruptcy Code on June 5, 2009. The sale closed on July 10, 2009.

For court documents, a list of scheduled hearings, and other information related to Motors Liquidation Company's bankruptcy proceedings, please visit http://www.motorsliquidationdocket.com/.

SOURCE Motors Liquidation Co.

Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze, Daily News

Tags: ,AUT,TNM,MI-MLC-sales-France

Be Interviewed today

Editorial Cartoons
Political Cartoons

<style> /* RESET STYLES */ .fxw hr,.fxw div,.fxw span,.fxw h1,.fxw h2,.fxw h3,.fxw p,.fxw a,.fxw em,.fxw img,.fxw strong,.fxw ol,.fxw ul,.fxw li {margin: 0;padding: 0;border: 0;outline: 0;font-weight: inherit;font-style: inherit;font-size: 100%;font-family: inherit;vertical-align: baseline;line-height: 1;list-style: none; } .fxw {font-family: Arial, sans-serif !important;font-size: 11px !important;border: 1px solid #004c00;background-color: #fff;position: relative !important;} .fxw .clear {clear: both !important;height: 1px !important;overflow: hidden !important; } /* Header */ .fxw_header {color: #fff;background: #004c00;padding: 10px !important;font-weight: bold !important;font-size: 14px !important;} /* Footer */ .fxw_footer {color: #fff;background: #004c00;padding: 10px !important;} .fxw_footer a{text-decoration: none !important;font-weight: bold !important;color: #fff;} .fxw_footer .fxw_pipe {padding: 0px 3px 0px 3px;} /* Body */ .fxw_body {padding: 10px !important;overflow: auto !important; } /* Story Item */ .fxw_story {border-bottom: 1px solid #e3e3e3 !important;padding-bottom: 8px !important;margin-bottom: 8px !important;} .fxw_story.fxw_last {border: 0px !important;} .fxw_story.fxw_image {padding-left: 60px !important;} .fxw_story.fxw_image img {float: left;width: 50px;margin: 0px 0px 0px -60px;} /* Story Title */ .fxw_title {margin: 0px !important;padding: 0px !important;} .fxw_title a {text-decoration: none !important;font-weight: bold !important;font-size: 12px !important;line-height: 16px !important;color: #000099; } /* Story Description */ .fxw_desc {color: #666;padding: 0px !important;margin: 1px 0px 0px 0px !important;line-height: 14px !important;font-size: 11px !important;} /* Story Image */ img.fxw_image {width: 35px !important;height: 35px !important;margin: 2px 0px 0px -45px !important;float: left !important;} </style> <script type="text/javascript"> fxw_city = ''; fxw_limit = 6; fxw_source = ''; fxw_topic = ''; fxw_id = 'fxw_container'; fxw_target = '_blank'; fxw_showImage = false; fxw_showDescription = false; fxw_customCSS = true; </script> <script type="text/javascript" src="http://fwix.com/tools/widget/v1"></script> <a href="http://fwix.com" id="fxw_clear"><img src="http://fwix.com/images/clear.gif" border="0" title="Fwix - Your New Local Newspaper" /></a>

NewsBlaze on Twitter
NewsBlaze on Facebook
NewsBlaze on MySpace

Sponsor Links:

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Relevant Sites:

NewsBlaze

Copyright © 2004-2009 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy Support Press Room