GM shows signs that bankruptcy filing is coming

USA Today by Sharon Silke Carty | May. 17, 2009 (News Report)

GM (GM) sent letters to the bottom 18% of its dealers Friday telling them it won't renew their contracts in October 2010. Actually pulling the plug on them would be tough, however. State laws favor dealers, who often have invested millions of dollars to keep their dealerships up-to-date and well-stocked. Full Story »

Posted by Dwight Rousu

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Subjects: U.S., Business
Topics: Law, U.S. Economy
Member Tags: bankruptcy
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Posted by: Posted by Dwight Rousu - May 19, 2009 - 2:01 AM PDT
Reviewed by: Dwight Rousu (review)
Content Type: Article
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Edited by: Dwight Rousu - May 19, 2009 - 2:01 AM PDT

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Dwight Rousu
3.2
 by Dwight Rousu - May. 19, 2009

Short, and somewhat informative. No note is made of the prime causes for GM financial woes, the financing and loan arms.

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