Bankruptcy is now almost inevitable for General Motors Corp., once the world's most successful automaker, as a result of the company's failure to get enough of its estimated 10,000 bondholders to swap their claims for stock.
post-gazette.com - Business, Pittsburgh Post-Gazette: Business
Thu, 05/28/2009 - 8:36am
Bankruptcy is now almost inevitable for General Motors Corp., once the world's most successful automaker, as a result of the company's failure to get enough of its estimated 10,000 bondholders to swap their claims for stock.