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U.S. plans to ease GM into bankruptcy: report

U.S. plans to ease GM into bankruptcy: report

The Obama administration is seeking to ease General Motors Corp into a "controlled" bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.

 

GM, Chrysler rolling to bankruptcy?

Executives at General Motors and Chrysler are speeding to put in place workable plans to restore their dwindling operations. It’s a race they might not win.

 

GM: Bankruptcy or More Aid

GM's viability plan will offer the U.S. a choice to commit billions more in bailout money or provide financial backing as part of a bankruptcy filing.

 

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