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Auto Chiefs Fail to Get Bailout Aid Pending

New York Times, Washington Post by Bill Vlasic, David M. Herszenhorn | Nov. 20, 2008 (News Report)

Mr. Wagoner testified Wednesday that G.M. had not prepared a contingency plan for a bankruptcy filing if federal aid is not forthcoming. He said t G.M.’s advisers had concluded that it could not obtain credit to operate in a bankruptcy, and instead would have to consider liquidating its assets. Full Story »

Posted by Jon Raymond

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Subjects: U.S., Business
Topics: U.S. Economy
Member Tags: Auto Bailout, Physcal Mis-management
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Posted by: Posted by Jon Raymond - Nov 19, 2008 - 9:12 PM PST
Reviewed by: Peter L. Combs (review)
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Edited by: Peter L. Combs - Nov 19, 2008 - 9:12 PM PST

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