General Motors Chapter 11 reorganization preferred court. Normally for such cases, the company would have filed in the courts located in the state(s) where the company is incorporated, or where it conducts operations, which for Detroit-headquartered General Motors would have been the courts in Michigan or Delaware, where it is incorporated. General Motors' attorneys, however, preferred to file in the federal courts in New York, because those courts have a reputation for expertise in bankruptcy. In a press conference later that day, the GM Chief Executive Officer, Fritz Henderson, stressed that he intended for the bankruptcy process to move quickly. In addition to Mr Henderson's
American Motors Corporation billion controlling stake in Nissan in March 1999. In contrast to the AMC/Renault partnership, Carlos Ghosn, CEO and President of Renault of France and Nissan of Japan, is guiding the Renault–Nissan Alliance away from national identities. Similarly, Mitsubishi Motors, which established a joint venture agreement in 1970 with Chrysler that expanded in 1985 to a 50-50 joint corporation for producing passenger cars in the United States Diamond-Star Motors until 1993 when Chrysler sold off its stock holdings of Mitsubishi Motors Corporation became controlled by Nissan in 2016 and thus a part of the Renault–Nissan–Mitsubishi Alliance. American Motors was forced to