Judge approves plan for GM's future - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Judge Approves Plan for GM's Future

  • Fox 29 Daily HeadlinesMore>>

  • Lawyer: Police think slaying of XXXTentacion was random

    Lawyer: Police think slaying of XXXTentacion was random

    Tuesday, June 19 2018 12:11 AM EDT2018-06-19 04:11:00 GMT
    Tuesday, June 19 2018 9:15 PM EDT2018-06-20 01:15:49 GMT
    (Miami- Dade Corrections & Rehabilitation Department via AP). This undated mugshot released by the Miami- Dade Corrections & Rehabilitation Department shows rapper XXXTentacion. Authorities say troubled rapper-singer XXXTentacion has been fatal...(Miami- Dade Corrections & Rehabilitation Department via AP). This undated mugshot released by the Miami- Dade Corrections & Rehabilitation Department shows rapper XXXTentacion. Authorities say troubled rapper-singer XXXTentacion has been fatal...
    Investigators in Florida say they don't have a motive and have made no arrests in the death of troubled rapper-singer XXXTentacion.More >>
    Investigators in Florida say they don't have a motive and have made no arrests in the death of troubled rapper-singer XXXTentacion.More >>
  • 'It breaks my heart': Laura Bush calls family separation at border 'cruel,' 'immoral'

    'It breaks my heart': Laura Bush calls family separation at border 'cruel,' 'immoral'

    Monday, June 18 2018 1:43 AM EDT2018-06-18 05:43:51 GMT
    Monday, June 18 2018 1:43 AM EDT2018-06-18 05:43:51 GMT
    Former first lady Laura Bush speaks Friday, June 23, 2017, during "Stand-To," a summit held by the George W. Bush Institute focused on veteran transition, in Washington. (AP Photo/Jacquelyn Martin)Former first lady Laura Bush speaks Friday, June 23, 2017, during "Stand-To," a summit held by the George W. Bush Institute focused on veteran transition, in Washington. (AP Photo/Jacquelyn Martin)

    The former first lady called on “good people at all levels of government” to stop the practice.

    More >>

    The former first lady called on “good people at all levels of government” to stop the practice.

    More >>
  • Ex-chief, officers allegedly framed teen for burglaries in FL

    Ex-chief, officers allegedly framed teen for burglaries in FL

    Thursday, June 14 2018 1:46 PM EDT2018-06-14 17:46:03 GMT
    Thursday, June 14 2018 1:46 PM EDT2018-06-14 17:46:03 GMT
    Ex-law enforcement officials allegedly arrested a teen for a crime he didn't commit in order to keep a perfect record for burglary cases. (Source: Raycom Media, file)Ex-law enforcement officials allegedly arrested a teen for a crime he didn't commit in order to keep a perfect record for burglary cases. (Source: Raycom Media, file)

    Biscayne Park Police Chief Raimundo Atesiano, as well as officers Charlie Dayoub and Raul Fernandez, were indicted by federal officials for "conspiracy to violate civil rights under color of law."

    More >>

    Biscayne Park Police Chief Raimundo Atesiano, as well as officers Charlie Dayoub and Raul Fernandez, were indicted by federal officials for "conspiracy to violate civil rights under color of law."

    More >>

A plan approved by the federal judge overnight makes taxpayers 60% owners of the new General Motors.

Hundreds of people came forward asking the judge to reject the sale, but it did not happen.  Under this plan, General Motors will create a new company, and rid itself of debt and expensive contracts.

GM will be selling its most desirable assets, including the Chevrolet and Cadillac brands to a new company, 60% of which will be owned by taxpayers.

GM's Government backed plan to exit from chapter 11 bankruptcy protection now hinges on the sale. The treasury department vows to cut off the funding if the sale does not go through by July 10th.

This all comes after the carmaker filed for chapter 11 on June 1st, which was the fourth largest filing in US history. The company now plans to leave behind 16 plants, as well as other real estate in Delaware, Ohio, New York, Indiana, Pennsylvania, Virginia and Michigan.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2018 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.