GM registers bankruptcy web domains
GM is increasingly expected to file for Chapter 11 bankruptcy protection before the end of this month, after it emerged that the company had registered the web domain names "gmrestructuring.com" and "gm-restructuring.com".
The two web domains were registered last month and, although currently blank, are similarly named to sites Chrysler has used to put out information since it filed for bankruptcy protection.
General Motors has said it expects to file for bankruptcy protection if it cannot restructure its bond debt, cement concessions with its workers' unions and show it can be viable ahead of a June 1 deadline from the federal government. If GM files for bankruptcy, it is expected to pursue a quick sale of its best assets to a new operating company, similar to the process now being used by Chrysler.
Chrysler uses "chryslerrestructuring.com" for free access to certain court documents and details in that case.
News agency Reuters is also reporting that "gmfiat.com" was registered to an Italian address last week, although any deal between the two companies is expected to be restricted to GM Europe's Opel/Vauxhall operations.