(ChattahBox) — General Motors Corp. has cleared perhaps the last major hurdle, as a bankruptcy judge has ruled it can sell the bulk of its assets to a new company with the US Government holding a majority stake, likely clearing the way for the automaker to quickly emerge from bankruptcy protection. Under the rescue plan, GM’s core business will emerge under state ownership while the unprofitable divisions will be liquidated. The Obama admin successfully used pressure tactics to get a fast rulin
Bankruptcy Judge Approves Sale of Best Assets to New GM
7月 6th, 2009
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