GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days
Green Car Congress
JUNE 1, 2009
Jacksonville, Fla. Feature lower structural costs enabling its North American region to break even (on an adjusted EBIT basis) at a US total industry volume of approximately 10 million vehicles. Reduce its dealers to approximately 3,600 from the current 5,969. Close: Dec 2010. Massena Castings, N.Y. Closed: May 2009*.
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