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
History of Chrysler one of the Chryslers in question. Chrysler settled out of court with complainants. Chrysler CEO Lee Iacocca sought to minimize damage to the corporation's public image by calling a news conference in which he termed the action "dumb" and "unforgivable". A joint venture with Mitsubishi called Diamond Star Motors strengthened the company's hand in the small car market. Chrysler also acquired American Motors Corporation (AMC) in 1987, for its Jeep brand and much needed production capacity, AMC's Eagle Premier would be the basis for the future Chrysler LH platform sedans. This bolstered the firm's size, but the American Motors purchase