General Motors Corp. bondholders want a majority stake in the restructured automaker in exchange for forgiving their claim to $27 billion of GM debt, a committee representing the bondholders said Thursday.

It may not be dawn yet for Japan’s ailing economy but the darkness is starting to fade as the country’s factories spring back to life and the benefits of massive public spending take root.

Zero hour is here for ailing car maker Chrysler. Talks between Treasury and Chrysler’s lenders break down, making it all but certain the number three U.S. car maker will end up filing for bankruptcy.

Now that Chrysler has been hauled off to bankruptcy court, what does it mean for stakeholders? While details are still being hammered out, the general drift is fairly straightforward.