Tuesday, April 28, 2009

U.S. Government, UAW to own 89% of General Motors

Although much of today’s news regarding General Motors has been focused on brand elimination, layoffs, plant closures and dealer reductions, there is another major component of company’s new “Viability Plan” that has, potentially, even more significant implications. If GM’s plan to reduce its debt is successful, the U.S. government will end up with

read more | digg story

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