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General Motors Restructuring Will Require a Chapter 11 Bankruptcy Filing and a 363 Sale » GM Renaissance Center in Detroit

Fitch Ratings raised General Motors' debt rating as well as that of GM Financial.

Fitch Ratings raised General Motors’ debt rating as well as that of GM Financial.

Workmen install the first of three GM logos on the Renaissance Center’s 740 foot high, 73-floor hotel tower to identify the complex as General Motors Global Headquarters as part of the Center’s $500 million redevelopment program. The first logo, facing southwest is 25 feet x 25 feet, nearly two tons, made out of aluminum frame with a Panaflex 3M vinyl material. It will be lighted by 36 metal Halide 400-watt lamps (each lamp has a 10,000 hour lifespan); changeable lamps via 24 doors on back of the logo structure. Two additional logos will be installed by early November: one facing east and one facing north. The logos will be illuminated when the installation is completed.

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