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Car news / BREAKING NEWS: General Motors Rumored to be Preparing representing Bankruptcy Filing

08.04.2009

BREAKING NEWS: General Motors Rumored to be Preparing representing Bankruptcy Filing

Car News / Theautochannel.com


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SACRAMENTO - April 7, 2009: News from sources ranging as different asReuters to the Mike Omera Radio Show are reporting that General Motors ison the edge of filing representing bankruptcy. While there"s no authorized little talk fromeither GM itself or or Wall Street, it seems Wednesday morning couldbe the busy time.

One feasible master suggests that GM would be split into two parts: a"new" companionship made up of the most rich units, and an "old" single of itsless-profitable units. This design is said to be "gaining momentum" and isseen as the most reasonable configuration.

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