A federal bankruptcy judge has approved the sale of General Motors’ assets to a new company partly owned by the federal government. U.S. Bankruptcy Judge Robert Gerber of Manhattan approved the sale late Sunday, after a three-day hearing, the Associated Press reports. \”As nobody can seriously dispute, the only alternative to an immediate sale is liquidation–a disastrous result for GM\’s creditors, its employees, the suppliers who depend on GM for their own existence, and the communities in which
Judge OKs Sale of GM Assets to US-Owned Company
7月 6th, 2009
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