As has been speculated for some time, GM finally filed for Chapter 11 bankruptcy in a New York court, with $82 billion in assets and $172 billion in debt. The filing, however, remains limited to the US operations of General Motors, and does not...
Tag - chapter 11 bankruptcy
Chrysler has filed for a chapter 11 bankruptcy and went towards a “global strategic alliance” with Fiat. President Obama announced the bankruptcy and hoped the process would be quick, he also assured Americans that the loans would be repaid in...
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