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GM seeks court OK to become ‘new’ company

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, Jun 29, 2009.

  1. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

    Hoping for a quick exit from Chapter 11, GM will on Tuesday ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government.

  2. hunky

    hunky Rockstar 100 Posts

    Now that the federal government is involved,I'll be shocked if GM doesn't get their way on this. It allows them to dump all liabilities if they come out as a new company. Like I said in a previous post,grab your ankles and start buyin' your vaseline in 55 gal. drums we are going to pay for all this.
  3. unplugged

    unplugged Epic Member 5+ Years 1000 Posts

    Sadly at my age....its the children and grandkidlets that are going to have to pony up the bucks for this fiasco.

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