 | |
| Formerly | General Motors Company (1908–1916) General Motors Corporation (1916–2009) |
|---|---|
| Company type | Public |
| Industry | Automotive |
| Founded | 1908 (as General Motors Company) 2009 (changed name to Motors Liquidation Company) |
| Defunct | March 31, 2011 |
| Fate | Filed for Chapter 11 bankruptcy in 2009. Reorganized as General Motors Company. |
| Successor |
|
| Headquarters | Detroit, Michigan , United States |
Motors Liquidation Company (MLC), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to handle environmental response for MLC's remaining assets, a third to handle present and future asbestos-related claims, and a fourth for litigation claims.[1]
Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, effective July 15, 2009.[2] MTLQQ stock was cancelled. Its unsecured creditors were issued stock for the Motors Liquidation Company General Unsecured Creditors Trust under the symbol MTLQU.
- ^ "Motors Liquidation Company carved into four trusts". reuters.com. March 31, 2011. Archived from the original on September 24, 2015. Retrieved November 17, 2011.
- ^ "FINRA Changes 'Old GM' (GMGMQ) Ticker To (MTLQQ), To Resume Trading Tomorrow". StreetInsider.com. July 14, 2009. Retrieved January 15, 2012.