GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days
Green Car Congress
JUNE 1, 2009
reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. court filings or court-supervised process, and these filings have no direct legal impact on GM’s plans and operations outside the US. billion of debt owed to the Canadian and Ontario governments.
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