WASHINGTON, May 31 (Reuters) - General Motors Corp will file for bankruptcy protection on Monday to complete a restructuring within three months that will give U.S. taxpayers a 60 percent stake for $50 billion in aid, an Obama administration official said on Sunday night. The total includes nearly $20 billion already extended to the automaker this year, and there are no plans for additional aid, according to the official, who requested anonymity ahead of President Barack Obama's Monday ...
Premium Content (PAID Subscription Required)
"U.S. gets 60 pct of GM after bankruptcy-official" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.