It's all in the news these last few days.
GM Europe has been sold off to the canadian-russian partnership. They're hoping that will afford some kind of protection for that side of the business, while the rest of GM is filing for bankruptcy protection (chpt 11) today. They'll basically tear down the company and rebuild it for launch in 90 days, and the US govt will have a 60% stake in the new company.
GM Europe has been sold off to the canadian-russian partnership. They're hoping that will afford some kind of protection for that side of the business, while the rest of GM is filing for bankruptcy protection (chpt 11) today. They'll basically tear down the company and rebuild it for launch in 90 days, and the US govt will have a 60% stake in the new company.