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Monday, July 6, 2009
Court approves GM plan; last Phila-area auto plant shut

Bankrtupcy judge Robert Gerber in NY has approved General Motors Corp.'s asset sale and reorganization plan, blowing past objections from bondholders who say they're being slighted to protect GM's workers and banks. AP story here.
 
ALSO: Wilmington News Journal's Maureen Milford ruminates on the end of the auto industry in the First State following today's closure of the General Motors works at Stanton and last fall's shutdown of the Chrysler plant in Newark. Story here.

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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