![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEho76z9IUkRVdyovFA8a_cMktQruZdmAT_BG83ObSlYdPDyOeb0FNAxPz5CZ1Az8cnW-xF-CijuJMMSvVClUekTKxLuYRC9PACXAd2hiJJMXR8EgVUSB_jL5bbbre_y2Mm0yn-k1o_qJFal/s200/100+million.bmp)
* Says would run out of cash by March without new gov't funding
* Says has not reached deals with UAW on VEBA, bondholders on debt restructuring
* Sees March 31 as key deadline for reaching deals on debt restructuring
* Says requesting $2 billion in March, $2.6 billion in April under newfunding plan
* Says now plans to cut 47,000 jobs globally by end 2009
* Says plans to close additional five U.S. plants
* Planned plant closures will bring U.S. total from 47 at end 2008 to33 by
Also it has evaluated 3 bankruptcy scenarios and rejected all.
GM says a worst-case bankruptcy scenario would cost $100 billion... Couldn't they pick a much more scary number? $100 billion is what the Treasury uses to stoke the furnace every hour these days.
Sphere: Related Content
Print this post
0 comments:
Post a Comment