In Bankruptcy Maneuver, GM May Split in 2

If GM faces Chapter 11, a splitting of the company could avert disaster

By Clay Dillow, Newser Staff

Posted Mar 26, 2009 10:36 AM CDT

(Newser) – General Motors executives and Treasury officials alike seem adamant that the company should avoid Chapter 11 bankruptcy at all costs, but bankruptcy scenarios are already crystallizing behind the scenes, BusinessWeek reports. One option calls for splitting the company into a “good GM,” which... Read full story »

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In Bankruptcy Maneuver, GM May Split in 2

If GM faces Chapter 11, a splitting of the company could avert disaster

United Auto Workers • bankruptcy • General Motors • Detroit • bonds • Treasury Department • Chapter 11

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