Financial news

General Motors will attempt to avoid bankruptcy

20 апреля 2009 г.

Previously the corporation received credit for an amount of $ 13.4 billion dollars from the government and asked for additional $16.6 billion. Henderson also added the GM is still working together with the Ministry of Finance of the U.S. on the restricting plan and is attempting to avoid bankruptcy. The final decision concerning the future of the company, according to his words, will be made together with the GM executives and the Ministry of Finance. According to the head of GM, the company is planning to retain the AC Delco unit, which is producing automobile parts, however, it intends to sell Hummer, which has already interested three potential buyers. Moreover, the interest in purchasing the share of the European GM unit – Opel- was shown by more than 6 investors including both financial enterprises and manufacturers, noted Henderson.

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