According to the Wall Street Journal (here) and Bloomberg (here), General Motors Corp. plans to file for Chapter 11 bankruptcy protection today at 8:00am eastern. 56,000 auto workers and 3,600 GM dealerships are asking: What now? The plan is for our government to purchase a majority ownership in the company (around $30 million worth). Ultimately, [...]
Tag Archives: general motors
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June 1, 2009 by Kerry Dean | 0 Comments