- Jun 30, 2009
REPORT: Federal bankruptcy court expected to rule on "New GM"
Before it can open the Fed's piggy bank, however, GM must weather challenges from bondholders and disgruntled consumers involved in certain types of product liability lawsuits. Industry watchdogs believe that both GM and the Obama administrations auto task force have learned from Chrysler's bankruptcy machinations, which could accelerate the process. For more details on today's proceedings, check out the link below. Thanks for the tip, Michael!
[Source: Reuters via Yahoo | Image: Michael Heiman/Getty]